Senior Citizen Saving Scheme: Today, everyone invests to secure themselves and their family. This is very important before retirement because after retirement, the source of regular income ends. To remove this worry, a great scheme is being run in which, by investing, the tension of income after 60 years ends. The special thing about this scheme is that in this scheme, money is received as a pension after retirement.
We are talking about the Senior City Scheme of the Post Office. This scheme has been designed for people of 60 or older. So that they keep getting money every month to run their expenses comfortably, even after retirement.
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What is the specialty of this scheme?
In the Senior Citizen Scheme of the Post Office, interest is being provided at the rate of 8 percent. Its special thing is that the interest comes into the account every 3 months. With this, you can invest a minimum of 1 thousand rupees in this scheme. Talking about the maximum investment, you can invest up to 30 lakh rupees in it. You can open this account alone or as a husband and wife together. Investment has to be made for 5 years in this scheme. You can extend the investment period for 3 years.
How much is the profit
Talking about the profit, if a person has invested 10 lakh rupees, then he will get 20 lakh rupees as interest every 3 months. This means that about 80 lakh rupees will be received as interest in the whole year. With this money, an elderly person can fulfill their medical expenses, household expenses, and other needs.
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Who will get the benefit of the scheme?
People 60 years or older will get it. Along with this, people who have taken VRS or retired between the ages of 55 to 60 years can also take advantage of the scheme. In this scheme, both husband and wife can open an account together. There is no tax of any kind on withdrawing money from this scheme. Tax benefits are available under Section 80C in this scheme. If you need money in between, you can withdraw money with a penalty.
Why is this scheme of the post office special?
For information, let us tell you that the government gives guaranteed money in this scheme. Along with this, this scheme is giving more interest than a bank FD. In this, income is fixed every three months. Along with this, tax benefits are available. It is the most reliable scheme for elderly people.