Post Office Senior Citizen Savings Scheme: Everyone wants to invest in post office schemes. Because, they not only get good returns here, but there is also a guarantee of money security. In such a situation, investing in these Best Investment Plans can prove to be a profitable deal. You can secure your future by investing in the Post Office Senior Citizens Savings Scheme (Post Office SCSS). Here you will get interest at the rate of 7.4 percent. In such a situation, you can also add good money in less investment.
Who can invest?
Post Office Senior Citizen Savings Scheme (SCSS Interest Rate) Any person above 60 years can invest. At the same time, people who have taken VRS (Voluntary Retirement Scheme), those people can also open an account under this scheme. In the Post Office Senior Citizen Savings Scheme, you will get 7.4% interest.
Minimum investment of Rs 1000
Investment in this scheme can be started with a minimum of one thousand rupees. At the same time, you can invest a maximum of Rs 15 lakhs. In this, husband and wife can jointly invest up to 30 lakh rupees. There is a lock-in period of 5 years for the principal. Investment in this scheme is exempt under Section 80C of the Income Tax Act.
Will get 14 lakh rupees in 5 years
If you invest a lump sum of Rs 10 lakhs under this scheme, then after 5 years at the interest rate of 7.4% per annum, at maturity, the investors will get a total amount of Rs 14,28,964. Such an investor will benefit by Rs 4,28,964.
How to apply
For Post Office Senior Citizen Savings Scheme, you can contact your nearest post office. Apart from this, you can also visit the official website of the post office.