Section 8 in Senior Citizens' Savings Scheme, 2019
8. Extension after maturity.
(1)The account holder may extend the account for a further period of three years by making an application in Form-4 within a period of one year from the date of maturity.(2)The extension of the account under sub-paragraph (1) shall be deemed to have been made from the date of maturity irrespective of the date of application.(3)Extension of an account under sub-paragraph (1) shall be available only once.(4)The account holder may close the account any time after one year from the date of extension of account without any deduction under sub-paragraph (1) of paragraph 6.
