An individual can invest a maximum amount of Rs 15 lakhs, individually or jointly in an SCSS account (in multiples of Rs 1,000). The amount invested i cannot exceed the money received on retirement. Hence, the individual can invest lower of Rs 15 lakhs or the amount received as a retirement benefit,. The account for an amount below Rs 1 lakh in cash and for an amount exceeding Rs 1 lakh by cheque