Post Office Special Scheme: If you are also planning for retirement and want to get good returns in the form of pension, then today we are going to tell you about a scheme which will give you around Rs 20,000 every month for five years.
New Delhi: Pension is a post-retirement support for employed persons. Most people save a large part of their income so that they can spend their old age without any hassle. But for this, the right investment is very important. In such a situation, if you are also planning for retirement and want to get good returns in the form of pension, then today we are going to tell you about a scheme which will give you about Rs 20,000 every month for five years. This scheme comes under the post office. The central government is giving an interest rate of more than 8 percent on this scheme.
Post Office Senior Citizen Savings Scheme
Actually, today we are telling about the Post Office Senior Citizen Scheme, a scheme supported by the central government. This scheme gives a higher interest rate than other savings schemes. The maturity tenure of this scheme is five years. Only people above 60 years of age can invest in this small savings scheme of the post office. At present, this scheme gives a return of 8.2 percent.
You will earn Rs 20,500 every month
If you invest Rs 30 lakh under the Senior Citizen Savings Scheme, you will get an interest of about Rs 2 lakh 46 thousand every year. As per this month, this amount is Rs 20,500. To open an account under this scheme, your age should be 60 years. However, people taking voluntary retirement (VRS) between 55 and 60 years can also take advantage of this scheme.
This is the minimum deposit amount
In SCSS, you can open an account with a minimum deposit of Rs 1000 and in multiples of 1000. You can invest up to a maximum of Rs 30 lakh in all SCSS accounts. Please note that returns received on Senior Citizen Savings Scheme are also taxable. If the interest is more than Rs 50,000, then TDS will have to be paid on it. However, if you have filled Form 15G/15H, then TDS will not be deducted on interest.
