I recently encountered a term called 'SSC money' and I'm not quite sure what it means. Could someone please explain to me what SSC money is and possibly its context or usage?
7 answers
BlockchainLegend
Sat Nov 09 2024
Small saving certificates are a type of deposit savings account.
Martina
Sat Nov 09 2024
They operate in a manner akin to certificates of deposit.
KimchiQueenCharm
Sat Nov 09 2024
The primary characteristic of these certificates is that funds are locked in until a specified maturity date.
Tommaso
Sat Nov 09 2024
This maturity date is crucial as it determines when the funds can be accessed without penalty.
KpopStarletShine
Fri Nov 08 2024
Prior to the maturity date, withdrawing funds may incur penalties.