SCSS account can be transferred from one authorized bank or Post office to another. In such a case, the SCSS account will be considered as a continuing account. To enable customers to transfer their existing SCSS accounts from the other bank/post office to Bank of India, following process is to be followed :-
- Customer requires to submit SCSS transfer request in the bank/post office(Form G) where SCSS account is held along with original passbook.
- The existing bank/Post office will arrange to send the original documents such as a certified copy of the account, the account opening application, nomination form, specimen signature etc. along with cheque/DD of the outstanding balance in the SCSS account to Bank of India branch address provided by the customer.
- Once SCSS transfer in documents are received at Bank of India, branch official will intimate customer about the receipt of documents.
- Customer is required to submit fresh SCSS account opening form and Nomination form along with a fresh set of KYC documents.