Senior Citizens Savings Scheme: All the people who do jobs or business or any other work, everyone worries about their future. And everyone invests accordingly. Because today’s time is full of uncertainty. No one knows who will do what at any time. That is why even in old age, the elderly want to live on their own money.
For this, many government and non-government schemes are also running. In which there is a provision to give pension to the elderly every month. So the Senior Citizen Saving Scheme of the Post Office is one such scheme. In which after investing, you will get a good amount every month. How to apply for this, what are the benefits in it? Let’s know.
You can get more than 20 thousand rupees every month
Many schemes are run by the post office for the people. In which Senior Citizen Saving Scheme is also being run for the elderly. Investment is made only once in this scheme. After this, you get interest on it every three months. In the scheme, from one thousand rupees to a maximum of 30 lakh rupees can be invested at a time. Investment is made in it for up to 5 years.
In this, the government gives you interest at the rate of 8.2%. In this scheme, interest is given according to your investment. That is, the more money you invest in the scheme, the more interest you will get. If you invest Rs 30 lakh in the scheme, then every year you will get Rs 2,46,000. If you look at it on a monthly basis, you will get Rs 20,500 per month.
How can you apply?
To apply for the Post Office Senior Citizen Savings Scheme, you can go to the nearest post office and apply. Please note that there is no online facility to apply for this scheme. You will be able to apply only by going to the post office. Any Indian citizen aged 60 years or above can apply for this scheme. Retired government employees are given age relaxation in this scheme.
You can get 12 lakh rupees in interest in 5 years
If someone invests the maximum amount i.e. Rs 30 lakh in Senior Citizen Savings Scheme, then at an interest rate of 8.2 percent, one can earn Rs 12,30,000 as interest in 5 years i.e. the total maturity amount will be Rs 42,30,000. Let us tell you that in this scheme you also get tax exemption under 80C.
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