Request Letter for Closing Senior Citizen Saving Scheme Account – Application for Closure of the Senior Citizen Saving Scheme Account (SCSS)

Table of Contents:

• Sample Letter
• Live Editing Assistance
• How to Use Live Assistant
• Additional Template Options
• Download Options
• Share via Email
• Share via WhatsApp
• Copy to Clipboard
• Print Letter
• FAQs

Sample Application for Closure of the Senior Citizen Saving Scheme Account (SCSS)

To,
The Branch Manager,
_______ (Branch Name),
_______ (Branch Address)

Date: __/__/____(Date)

Subject: Application for the closure of the Senior Citizen Saving Scheme account

Sir/Madam,

I beg to state that I am a Senior Citizen Saving Scheme account holder in your branch and I want to get it closed due to the reason: ___________ (Maturity of Scheme).

The following are the details for my account:
Account holder’s name: _______________
Account number: _______________

As per rules I am eligible for the account closure and I request you to cole the account and transfer the amount and balance in my bank account with the details given below:

Account holder’s name: _______________
Account number: _______________
IFSC Code: _______________

I shall be thankful if you do the needful at the earliest.

Thanking You,
___________ (Signature)
___________ (Name),
___________ (Contact Number)

Note: Bank may ask for additional documents along with the Senior Citizen Saving Scheme account closure form, KYC, and may not accept this application for the purpose. For more information please contact your Bank.

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FAQs

• Q: Can I close my Senior Citizen Saving Scheme account at any branch of the bank?
  • A: Yes, you can request the closure of your SCSS account at any branch of the bank where you hold the account.
• Q: What happens to the interest earned if I close my SCSS account before maturity?
  • A: If you close your SCSS account prematurely, you may lose some or all of the interest earned, depending on the bank's policies.
• Q: How long does it take to process the closure of an SCSS account?
  • A: The processing time for closing an SCSS account may vary depending on the bank's procedures, but it typically takes a few days to a week.
• Q: Do I need to provide a reason for closing my SCSS account?
  • A: Providing a reason for closure is optional, but it can help the bank understand your request better.
• Q: Will I incur any charges for closing my SCSS account?
  • A: Some banks may charge a nominal fee for closing an SCSS account, so it's advisable to inquire about any applicable charges beforehand.

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