Post Office Senior Citizen Saving Scheme: Today we are going to tell you about a very great scheme of the post office for the elderly. The name of this scheme is Senior Citizen Savings Scheme.
After retirement, you can invest PF, gratuity and other money in the Senior Citizen Savings Scheme. Due to global turmoil and many other reasons, the pace of inflation in India has increased a lot. In such a situation, it is not wise to save savings money in the bank. The pace of rising inflation is gradually reducing the value of your savings. In such a situation, if senior citizens want to get a good return on the money received at the time of retirement, then Senior Citizen Savings Scheme can prove to be a great option for them. Let us know about this scheme in detail –
By investing in Senior Citizen Savings Scheme, you are getting an interest rate of 8.2 percent. You can invest a minimum of 1 thousand rupees in this scheme. At the same time, you can invest up to 30 lakh rupees in this scheme.
Your money invested in the Post Office Senior Citizen Savings Scheme matures in 5 years. However, after the completion of the maturity period of 5 years, you can invest for the next three years.
The special thing about Senior Citizen Savings Scheme is that by investing in it, you also get income tax exemption. By investing in this scheme, you can get a rebate of up to Rs 1.5 lakh under Income Tax 80C.
If you invest a lump sum of Rs 10 lakh in the Post Office Senior Citizen Savings Scheme, then if you calculate at an interest rate of 8.2 percent, then after five years, you can collect Rs 14.28 lakh at the time of maturity.
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