Today we are going to tell you about a very special scheme of the post office, which has been started especially for senior citizens. The name of this scheme of the post office is Senior Citizen Savings Scheme.
If you have recently retired and want to invest your retirement money in a place where you get good returns, then this scheme can prove to be a good option for you. This scheme is quite popular in the country. By investing in the Senior Citizen Savings Scheme of the post office, you are currently getting an interest rate of 8.2 percent. Senior citizens also get many great benefits by investing in this scheme. In this episode, let us know what are the benefits of investing in the Senior Citizen Savings Scheme of the post office?
You can invest in the Post Office Senior Citizen Savings Scheme for a total of 5 years. The maturity period of this scheme is 5 years. However, after investing for 5 years, you can extend your investment period for another 3 years.
In this scheme, you can invest a minimum of 1 thousand rupees. At the same time, the maximum investment limit has been fixed at Rs 30 lakh. This scheme is being operated especially for senior citizens. For this reason, only those citizens of the country whose age is above 60 years can invest in it.
You can open your account in Post Office Senior Citizen Savings Scheme both singly and jointly. In this scheme, you can deposit an amount of up to Rs 1 lakh through cash.
At the same time, the amount more than Rs 1 lakh will have to be deposited through cheque. You also get income tax exemption on investing in Senior Citizen Savings Scheme. This scheme is completely safe in terms of investment. By investing in it, you will not have to face any kind of market risks.
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