n NISM Certifications
X NISM Series X
Medium

The minimum age for opening a Senior Citizens’ Savings Scheme account for individuals retiring under superannuation or VRS is 55 years, provided they meet other eligibility criteria.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    60 years

  2. 55 years

    Correct answer

  3. C

    50 years

  4. D

    65 years

Why this is the answer

Individuals who have attained 55 but less than 60 years, after retirement under superannuation or VRS, are eligible to open SCSS accounts.

Test yourself for real

Take a full NISM Series X mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.