Post Office Yojna: Do you also want that your savings keep giving you money like your salary every month? Here we are telling you about a post office scheme in which you will get Rs 20,500 every month. You will get a monthly income of Rs 20,500 for the entire 5 years
Post Office Yojna : Do you also want that your savings keep giving you money like your salary every month? Here we are telling you about a scheme of Post Office in which you will get Rs 20,500 every month. You will get monthly income of Rs 20,500 for the entire 5 years. With monthly savings, there will be no tension of expenses. The name of this scheme of Post Office is Senior Citizen Saving Scheme. This scheme of Post Office gives a fixed income to senior citizens every month. Here we are telling the complete calculation of the monthly scheme of Post Office.
Post Office Senior Citizen Savings Scheme
This scheme of the post office has been made keeping in mind the people of 60 years of age so that senior citizens can get regular income after retirement. This scheme is also for those who have taken VRS. The government is currently giving interest at the rate of 8.2 percent on this scheme. If senior citizens deposit Rs 15 lakh at once in this scheme, then they can earn Rs 10,250 every quarter. In 5 years, you will earn up to Rs 2 lakh from interest only. If you invest your retirement money in this, that is, maximum Rs 30 lakh, then you will get an interest of Rs 2,46,000 every year. That is, you will get Rs 20,500 on a monthly basis and Rs 61,500 on a quarterly basis.
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Tax exemption is available on post office scheme
You can start investing in Post Office Senior Citizen Savings Scheme with a minimum of Rs 1000. Investors can invest a maximum of Rs 30 lakh in it. The money or interest you get every month in this scheme depends on your investment. By investing in this scheme, you will get exemption under 80C.
Calculation of Senior Citizen Savings Scheme
- Lump deposit amount: Rs 30 lakh
- Period: 5 years
- Interest Rate: 8.2%
- Amount on maturity: Rs 42,30,000
- Interest income: Rs 12,30,000
- Quarterly income: Rs 61,500
- Monthly income: Rs 20,500
- Annual Interest – Rs 2,46,000
Benefits of Senior Citizen Savings Scheme
This savings scheme is being run by the Government of India. That is, your money will be safe and there will be guaranteed income. In this, investors get tax exemption up to Rs 1.5 lakh every year under Income Tax Act Section 80C. Interest is received at the rate of 8.2% every year. In this, interest money is received every 3 months. Interest is deposited in the account on the first day of April, July, October and January every year.
