Who can open an SCSS account in SBI?

Eligible applicants generally need to be 60 years or above. Certain retirees aged 55 to below 60 years may qualify subject to the prescribed conditions. SBI requires Aadhaar and PAN, along with the prescribed application and applicable supporting documents.

What documents are required to open an SCSS account in SBI?

SBI demands Aadhaar, PAN and required application with necessary supporting documents. Applicants under 60 years of age who qualify under the retirement requirements may additionally be required to present retirement-benefit documentation and verification of date of disbursal.

What is the minimum deposit for opening an SBI SCSS account?

The SCSS deposit must be within the applicable limit and made in multiples of ₹1,000. SBI’s current maximum SCSS deposit is ₹30 lakh. The account can be opened singly or jointly with a spouse, subject to the scheme’s current applicable conditions and requirements.

What is the duration of SBI SCSS account?

The first duration of an SCSS account of SBI is 5 years. After maturity, the account can be extended in blocks of 3 years. Successive 3-year extensions are permitted, subject to applicable rules. Thus SBI accounts can be extended beyond 5 years as per the extension process required, subject to eligibility.

What is the interest paid by SBI SCSS?

The interest paid on the deposit is based on the prevailing SBI SCSS interest rate. By investing ₹5 lakh at 8.20% p.a. you will earn ₹41,000 every year, or ₹10,250 every quarter.

Do I need a PAN and Aadhaar for SBI SCSS?

SBI SCSS account-opening requirements include PAN and Aadhaar, along with the prescribed application and applicable supporting documents. All applicants may also need to submit proof of age, a photograph and retirement-benefit documents, wherever applicable. The documents are subject to change as per eligibility and KYC requirement of SBI at the time of opening.

Is it possible to open an SBI SCSS account online?

Yes. SBI facilitates SCSS account opening through its internet banking channel and also through branch based account opening. SBI Online portal has an option for Online SCSS Account and the account can be opened if the eligibility and paperwork requirements of the scheme are met.

Is it possible to have more than one SCSS account with SBI?

Yes. SBI allows more than one SCSS account subject to maximum total deposit limit of ₹30 lakh. Deposits shall be in multiples of ₹1,000 as per the rules applicable.

How to Open an SCSS Account in SBI

Opening an SCSS account with SBI requires eligible applicants to complete the prescribed application process through SBI's online facility or at an SBI branch, as applicable. Applicants should attach the relevant KYC and age-related documents to the form and deposit the chosen amount.

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Opening an SCSS Account at SBI

Opening a SCSS account in SBI is easy and simple, just check the eligibility criteria, collect the needed documents and apply for the scheme through SBI's online facility or at an SBI branch with the deposit.

Online Method

The following steps explain how eligible customers open an SBI SCSS account through the SBI website.

Visit SBI Online

Log in to the official SBI Online portal using your existing internet banking credentials.
Open Deposits and Investments

Navigate to the Deposits and Investments section after logging in.
Select Online SCSS Account

Click Online SCSS Account from the available options.
Enter the Required Details

Fill in the required personal, nominee and account details in the SCSS application form.
Submit the Application

Review the information entered and submit the application through the SBI Online portal.
Complete the Deposit Process

Follow SBI's instructions to complete the required deposit and account-opening formalities.

Offline Method

All those customers who prefer offline methods can follow the steps below.

Eligibility Check

Confirm that you meet relevant age and retirement related SCSS terms.
Prepare Documents

Keep the SCSS application form, nomination details, PAN, Aadhaar, photograph and age proof ready. Retired applicants may also need to submit proof of retirement benefits.
Visit SBI Branch

Obtain your application form from any SBI Branch.
Complete the form

Now complete all the personal details, account and nomination details and details of any present SCSS accounts if necessary.
Deposit

Deposit the required amount in a payment mode Acceptable by SBI for opening SCSS account.
Submit the Documents

Submit the filled form and documents in SBI Branch for processing.
Keep the records

Keep all the account documents supplied by SBI for future transactions related to interest, maturity, extension or premature closure as the case may be.

Documents Required for Opening an SBI SCSS Account

The following documents may be required when opening an SCSS account with SBI:

Document	Purpose
SCSS application form	To provide the details required for opening the account
KYC documents	To establish identity, address and date of birth
Passport-sized photograph	For account and application records
Age Proof	May be used as age proof where the date of birth is mentioned
Retirement or retirement-benefit proof	Required where the applicant is below 60 years and qualifies under the applicable retirement conditions

Eligibility Checklist Before You Apply

Before visiting an SBI branch, check the SBI account eligibility conditions:

Indian citizens aged 60 years or above can open an SCSS account.
Those aged 55 years or more but below 60 years who have retired on superannuation or otherwise may qualify, subject to the prescribed conditions. The account must be opened within three months of receipt of retirement benefits.
Retired Defence Services personnel, excluding civilian Defence employees, can subscribe from 50 years of age, subject to the prescribed conditions.
The account can be opened individually or jointly with the spouse.
In a joint account, the first holder must satisfy the age requirement. There is no age limit for the spouse as the second applicant.
NRIs and Hindu Undivided Families (HUFs) are not eligible.
SBI states that more than one SCSS account can be opened, subject to the applicable aggregate deposit limit.

Applicants aged 55 to 59 should also carry proof relating to retirement benefits where required, as SBI specifies additional conditions for this category.

SBI SCSS Account: Key Highlights

Below are the account’s primary features and rules:

Key Highlight	Details
Minimum Deposit	₹1,000
Maximum Deposit	₹30 lakh
Interest Rate	8.20% p.a. for July–September 2026, with interest paid quarterly
Interest on Unclaimed Amount	Unclaimed quarterly interest does not earn additional interest
Initial Tenure	5 years from the date of opening the account
Extension Period	The account can be extended in blocks of 3 years after maturity. Successive 3-year extensions are permitted, subject to applicable rules
Joint Account	The entire deposit in a joint account is attributed to the first account holder
Spousal Accounts	Both spouses can open single and joint accounts with each other
Nomination	A depositor can nominate up to four persons and can cancel or change the nomination
Repayment of Deposit	The account matures after 5 years. If extended, each extension is for a further 3 years
Withdrawals	Multiple withdrawals from the account are not permitted

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FAQs

Who can open an SCSS account in SBI?

Eligible applicants generally need to be 60 years or above. Certain retirees aged 55 to below 60 years may qualify subject to the prescribed conditions. SBI requires Aadhaar and PAN, along with the prescribed application and applicable supporting documents.
What documents are required to open an SCSS account in SBI?

SBI demands Aadhaar, PAN and required application with necessary supporting documents. Applicants under 60 years of age who qualify under the retirement requirements may additionally be required to present retirement-benefit documentation and verification of date of disbursal.
What is the minimum deposit for opening an SBI SCSS account?

The SCSS deposit must be within the applicable limit and made in multiples of ₹1,000. SBI’s current maximum SCSS deposit is ₹30 lakh. The account can be opened singly or jointly with a spouse, subject to the scheme’s current applicable conditions and requirements.
What is the duration of SBI SCSS account?

The first duration of an SCSS account of SBI is 5 years. After maturity, the account can be extended in blocks of 3 years. Successive 3-year extensions are permitted, subject to applicable rules. Thus SBI accounts can be extended beyond 5 years as per the extension process required, subject to eligibility.
What is the interest paid by SBI SCSS?

The interest paid on the deposit is based on the prevailing SBI SCSS interest rate. By investing ₹5 lakh at 8.20% p.a. you will earn ₹41,000 every year, or ₹10,250 every quarter.
Do I need a PAN and Aadhaar for SBI SCSS?

SBI SCSS account-opening requirements include PAN and Aadhaar, along with the prescribed application and applicable supporting documents. All applicants may also need to submit proof of age, a photograph and retirement-benefit documents, wherever applicable. The documents are subject to change as per eligibility and KYC requirement of SBI at the time of opening.
Is it possible to open an SBI SCSS account online?

Yes. SBI facilitates SCSS account opening through its internet banking channel and also through branch based account opening. SBI Online portal has an option for Online SCSS Account and the account can be opened if the eligibility and paperwork requirements of the scheme are met.
Is it possible to have more than one SCSS account with SBI?

Yes. SBI allows more than one SCSS account subject to maximum total deposit limit of ₹30 lakh. Deposits shall be in multiples of ₹1,000 as per the rules applicable.

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