Post Office Best Scheme: The post office is running many great saving schemes for every age group and its retirement scheme is also amazing. Not only do you get great returns on investment in these schemes, but the government itself guarantees the safety of the investment.
Everyone saves some amount from their income and plans to invest it in such a place where on one hand their money is completely safe and they get a good return on it. In this regard, the Post Office Small Saving Schemes run by the post office are quite popular, where they beat fixed deposits in terms of interest on investment, while the government itself guarantees the safety of the investment of the investors.
There is one such special post office scheme, which is specially designed for senior citizens and it can prove to be very effective in removing the shortage of money in old age. Its name is Post Office Senior Citizen Scheme, by investing in which you can earn a guaranteed income of Rs 20,000 every month, that too while sitting at home. Let’s know how?
Benefit of tax exemption with great interest Even after retirement, if there is a fixed income every month, then one will not have to face financial problems and old age can be spent in fun. For this, investing in such a scheme can prove to be a better option, in which a fixed amount keeps reaching your account every month. There is a government scheme (Govt Scheme) that guarantees monthly income in lump sum investment, Post Office Senior Citizens Saving Scheme, which is very popular in terms of earning after retirement. In this, while the government offers higher interest rate (Post Office SCSS Interest Rate) in Post Office Senior Citizen Saving Scheme than the interest (FD Interest Rate) on FD in all banks, at the same time the benefit of income tax exemption (Tax Benefit) is also available.
- Start investing in this scheme with just Rs 1000
- 8.2% interest in Post Office Senior Citizen Scheme
- Tax exemption of Rs 1.5 lakh under Income Tax Section 80C
This is the age limit under this scheme
As the name of this scheme suggests, it is being run especially keeping senior citizens in mind. So let us tell you that in this Government Scheme, a single or joint account can be opened for any person aged 60 years or more. Under the scheme, persons aged 55 to 60 years taking VRS from government posts in the civil sector or persons from the defense sector (retired from Army, Air Force, Navy and other security forces) can open this post office scheme account at the age of 50 to 60 years.
- Maturity of Post Office Senior Citizen Saving Scheme is 5 years
- An investor can invest a lump sum of Rs 30 lakh in this scheme
This way you will get ₹ 20000 income every month
Now the biggest thing is how you can ensure a monthly income of Rs 20000 every month by investing in this scheme. So its calculation is very easy. In fact, if an investor opens an account in Senior Citizen Savings Scheme and invests Rs 30 lakh in lump sum, then according to the fixed interest rate of 8.2 percent, he will get only interest of Rs 2.46 lakh annually and in this way, his interest income will be Rs 20,500 per month while sitting at home.
