It is said that we should save at least 30 percent of the money we earn every month. This is so that you do not have financial problems in the future. For this, many people invest in LIC, government schemes, fixed deposits, etc. Similarly, if you are a senior citizen, then you can invest in a scheme from which you can get good returns. This scheme is for the post office where you can invest. So let's know about this scheme and how you can get benefits by joining this scheme. You can know about this in the next slides...
What is this scheme?
This scheme is for the post office, which is named the 'Senior Citizen Savings Scheme'. Under this scheme, only senior citizens can invest in it
Under this scheme, you have to invest first and after that, you can get returns.
Who is eligible?
If we talk about those people who are eligible to invest in this scheme, then those people can invest in it whose age is at least 60 years. However, such government employees who have taken VRS i.e. voluntary retirement are considered eligible to invest even at the age of 50 years or more. How and how much can you invest? If you are eligible for this scheme and want to invest, then you can invest at least 1 thousand rupees in it. Whereas, you can invest a maximum of Rs 30 lakh in it. Also know that if you deposit less than one lakh rupees at once, then you can pay cash, but for an amount of more than 1 lakh rupees, you have to give a cheque. Know the method of application If you also want to apply for this Senior Citizen Savings Scheme, then for this, you have to go to your nearest post office and you can apply by going here. Go here and meet the concerned officer and he gets your further process done and connects you with this scheme.
What are the benefits?
If we talk about the benefits, then this scheme is currently giving around 8.2 percent interest. This scheme matures after 5 years. However, if you want, you can extend it for another 3 years. In this, you also get a tax exemption of up to Rs 1.5 lakh under Section 80C of Income Tax.
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