Small Savings Incentive Scheme (Legacy): Who Qualifies and What You Get
This legacy scheme is now closed, but it explains how historical participants can access matured savings accounts.
The Small Savings Incentive Scheme (Legacy) is a closed savings program used to manage historical accounts. It is no longer open for new participants.
Who it's for
This scheme is only for historical participants who held accounts under this specific program in the past. It is generally used now for reference purposes regarding old accounts.
What you get
If you have an account from this legacy program, you are entitled to your matured savings. This refers to the total amount of money that has accumulated in your account over time, including any interest earned, reaching its full value.
What it costs you
There is no cost to access this scheme because it is closed to new entries.
The catch to know
The most common mistake is confusing this legacy program with current savings bonds. This is an older version and does not function like the modern savings options available today.
How to apply
- Verify if you have a historical account from this specific program.
- Check your records for any matured savings from the legacy period.
- Contact the relevant authorities to manage any outstanding funds.