<h1>SCSS Clarifies: No Premature Closure Penalty on Account Holder's Death; Interest Adjustments for Nominees or Heirs Explained.</h1> In the operation of the Senior Citizens Savings Scheme (SCSS), it has been clarified that upon the death of an account holder, the account should not be treated as prematurely closed. If a nominee or legal heir requests closure, the interest rate applicable to the SCSS will be paid until the account holder's death, after which the Post Office Savings Account rate applies until final closure. The premature closure clause is only applicable if the account holder themselves requests closure before maturity, in which case a penalty is imposed as per SCSS rules.