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Excerpt: First thing one should distinguish that for Senior Citizen Saving Scheme , you are Senior Citizen if your age 65 or more.Question1 : Who is eligible for opening this account?Answer 1: Following class of persons can join the schemeAny resident Indian citizen having 60 years age can open this account.Any resident Indian citizen who took premature retirement on voluntary retirement or special scheme or on superannuation can open this account just after attaining 55 years.Any non civil defence personnel without any age restriction can open this account.Question 2 : What is the frequency of interest calculation…
