New Delhi, Oct. 31 -- The Senior Citizens' Savings Scheme (SCSS) is a popular government-backed small savings scheme designed to provide a steady income to senior citizens after retirement. To make the most of the scheme, it is vital for aspiring investors to clearly understand its applicable rules and regulations.

This is important because aspiring investors do not always have to wait until they turn 60 to open a new SCSS account. There are certain exceptions to this rule, under which individuals can open an account and invest in the scheme from age 55, subject to meeting specific eligibility conditions and requirements.

This write-up is dedicated towards discussing these conditions in detail. Furthermore, for individuals who are plann...