Post Office Senior Citizens Saving Scheme: If you fall in the category of senior citizens, then the Post Office Senior Citizens Saving Scheme (SCSS) can be a great option for you. By investing in this scheme, you get regular monthly interest, which maintains your financial stability. Let’s know about this scheme in detail…
Post Office Saving Scheme Saving is an important part of everyone’s life, which can become a support whenever needed. Friends and relatives may not be able to help in difficult times, but investing in the right scheme can provide you financial security. With this thought, many people invest money in different savings schemes, such as mutual funds, fixed deposits (FD) or government savings schemes .
In such a case, if you are a senior citizen (Senior CitizensIf you fall in the category of ), then the Post Office Senior Citizens Saving Scheme (SCSS) can be a great option for you. By investing in this scheme, you get regular monthly interest, which maintains your financial stability. Let’s know about this scheme in detail…
- Minimum investment: You can start with Rs 1,000.
- Maximum investment: Up to Rs 30 lakh can be invested.
- Investment period: 5 years (can be extended by 3 years if required).
Higher interest than FD
Benefits of this scheme:
- Government Scheme: Completely safe and guaranteed returns.
- Higher interest rates: Higher returns than FD.
- Regular Monthly Income: Financial security after retirement.
- Tax Benefits: Benefit of tax exemption under section 80C.
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