New Delhi, Sept. 19 -- For many retirees and senior citizens, the Senior Citizens Savings Scheme (SCSS) provides a steady income from their savings and helps ensure their funds are not exposed to market volatility and risk. Still, the core question that needs clarification is: What happens if the depositor dies before the 5-year maturity period?

What are the rules and legal stipulations that govern such accounts? What are the key points and aspects that account holders should know in order to ensure that the account seamlessly passes through to the eligible individuals they wish to share the proceeds with?

This write-up discusses these aspects in detail to ensure that an SCSS account holder can remain invested and hold on to their accou...