Today we are going to tell you about a very wonderful scheme of the post office, which is being run especially for the elderly. The name of this post office scheme is Senior Citizen Savings Scheme. It is often seen that after retirement, the elderly start facing many financial problems. In such a situation, the money you have received after retirement. You can invest it in the Senior Citizen Savings Scheme of the Post Office. You are getting tremendous returns by investing in this post office scheme. At present, by investing in this scheme, you are getting an interest rate of 8.2 percent, which is higher than the FD rates of many banks. Apart from this, you are also getting many great benefits by investing in this scheme. In this episode, let us know about this scheme in detail -
By investing in the Post Office Senior Citizen Savings Scheme, you will not have to face any kind of market risks. This scheme is completely safe from an investment point of view.
You can invest a minimum of Rs 1 thousand in this scheme. Whereas the maximum limit of investment has been fixed at Rs 30 lakh. By investing in this scheme you also get income tax exemption.
You can also avail the benefit of tax deduction up to Rs 1.5 lakh under Section 80C of Income Tax. By investing in this scheme you get a lock-in 5 years.
It is a small savings scheme supported by the central government. Senior citizens can invest their retirement money in this scheme and get good returns on it.
(PC: ISTOCK)
