For people doing jobs, the biggest question after retirement is how to manage daily expenses. This is because the salary stops, but the needs and responsibilities of life remain the same — or even increase. In such a situation, people often look for an investment option where their money is safe and they can earn something every month. If you are also looking for such a plan after retirement, then this post office scheme can be a good option for you. Let us give you full information about this scheme.
Invest in This Post Office Scheme
If you are looking for a safe and steady income after retirement, then the Senior Citizen Savings Scheme (SCSS) from the post office can be a good option for you. You can invest up to ₹30 lakh in this scheme. If you invest ₹30 lakh in one go from your retirement fund, you will get a total interest of ₹2,46,000 every year at the rate of 8.2%.
The interest is given every three months. This means you will receive ₹61,500 every quarter. This scheme is safe and trusted for getting regular income after retirement. There is no risk in it.
You Will Get ₹20,500 Every Month
If you invest ₹30 lakh in the Senior Citizen Savings Scheme, you will receive ₹61,500 every three months. That means you will get around ₹20,500 every month as interest.
If you do not withdraw this interest and let it stay in the account, your total amount can grow to ₹42 lakh in 5 years.
How to Apply for This Scheme
To apply for the Senior Citizen Savings Scheme:
- Visit your nearest post office.
- Ask for the SCSS form.
- Fill in the form and submit it along with the required documents like Aadhaar card, PAN card, and address proof.
- After your details are verified, your account will be opened.
- After that, the interest will be added to your account at fixed time