Post Office – Today in this news we are going to tell you about such a scheme of Post Office. In which senior citizens can earn Rs 10250 every quarter. To know the complete details related to this scheme of the post office, read the news completely.
Post Office SCSS: If we did not have to depend on someone else for money in old age, then life would have been better after retirement. For this, it is important that hard-earned money is invested safely. There is a tremendous scheme of Post Office. In this, you get safe and guaranteed returns on investment.
This scheme is Senior Citizen Saving Scheme. The most special thing about this scheme is that it is run by the Central Government. In this, investors get tremendous returns by depositing money together, which is more than bank FD. Let us tell you that currently 8.2 percent interest is being given in this savings scheme, which also changes every quarter.
There is a very special scheme for the elderly-
Post Office SCSS is especially for those above 60 years of age. Along with this, this scheme is also for those who have taken VRS. At present 8.2 percent interest is being given on this scheme. In this scheme, senior citizens can earn Rs 10,250 every quarter from interest only by depositing Rs 5 lakh together. You will earn up to Rs 2 lakh in 5 years only from interest. Know the complete calculation here..
Post Office Senior Citizen Saving Scheme-
Money deposited together: Rs 5 lakh
Deposit period: 5 years
Interest Rate: 8.2%
Maturity amount: Rs 7,05,000
Interest income: Rs 2,05,000
Quarterly Income: Rs 10,250
There are many benefits of Post Office SCSS-
This savings scheme is being run by the Government of India. It is considered one of the reliable and safe options for investment.
Under Income Tax Act section 80C, investors get the benefit of tax exemption up to Rs 1.5 lakh every year.
The account of this post office scheme can be transferred to any center in the country. Under the scheme, interest is paid every 3 months.
How to open account for SCSS?
For this, a form will have to be filled to open an account in any post office or government/private bank. Copies of 2 passport size photographs, identity certificate and other KYC documents will have to be submitted along with the form. The advantage of opening a bank account is that the interest received on the deposited amount can be deposited directly into the bank account.
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