Senior citizens can withdraw money from SCSS, PPF etc. via authorized person: Here's how


Senior citizens can withdraw money from SCSS, PPF etc. via authorized person: Here's how

Up until now, this was not allowed; the senior citizen would have to visit the post office branch to make withdrawals/close accounts, make premature withdrawals from post office schemes. Given below is the procedure that needs to be followed by the senior citizen to nominate an authorized person on their behalf.

Advancements in artificial intelligence and data analytics would make it possible assess a person's creditworthiness without human intervention and the back-end of banks that decide on whom to dish out loans would be done by algorithms rather than human beings..


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