Post Office Scheme- If you are planning for invest on something, then todays article is for you. In today’s era, everyone invests somewhere or the other. So that they don’t have to depend on others in future if needed. Many people invest in such schemes. Where their money remains safe and they also get good returns. If you are also looking for such an investment option which is safe and gives good returns, then this scheme can prove to be very useful for you. This scheme is for those people who have taken retirement or are on the verge of taking it.
Post Office Senior Citizen Savings Scheme is one such government scheme where senior citizens get the option of keeping their money safe. They also get a good amount of interest in this scheme. Let us tell you that this scheme is for people aged 60 years or above. The maximum limit for investing in it is up to Rs 30 lakh. The tenure of this scheme is 5 years. Which you can extend for up to 3 years.
Currently, you get around 8.2% annual interest in Senior Citizen Savings Scheme. Which is deposited in the account on a three-monthly basis. That means you get a good amount every three months just from the interest. If you invest the entire Rs 30 lakh in this scheme, then every year you get around Rs 2.46 lakh as interest only. That means a regular amount of about Rs 20,500 is fixed every month. That too without any extra effort.
So, in this scheme you get a rebate of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. To apply for the scheme, you can go to your nearest post office. There you can apply for the scheme with the necessary documents.