Wednesday, 1 September 2021

SCSS, Joint-B Account : The first account holder may do all the operations or the signature of the first account holder is mandatory in all

 SCSS, Joint-B Account : The first account holder may do all the operations or the signature of the first account holder is mandatory in all

 SB order 12/2021 Dated 22.06.2021

 In case of SCSS Account, since the whole amount of deposit is attributable to the first account holder only as per Rule 3(6) of Senior Citizens' Savings Scheme 2019,

only withdrawal of quarterly interest shall be allowed to be carried out by either of the joint depositors or survivor in case of Joint B Type account. In respect of remaining

operations of Joint B Type SCSS Account, either the first account holder may do all the operations or the signature of the first account holder is mandatory in all application forms of various operations of account.

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