It is said that we should save at least 30 percent of our income every month. This is so that you do not face 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. Actually, this scheme is of 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 plan?
Actually, this scheme is of the post office and its name is '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 who are at least 60 years of age can invest in it.
However, those government employees who have taken VRS i.e. Voluntary retirement are considered eligible to invest even at the age of 50 years or above.
How and how much can I 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 Rs 1 lakh at a time, you can pay in cash, but for an amount more than Rs 1 lakh, you have to pay by cheque .
Know how to apply If you also want to apply in this Senior Citizen Savings Scheme, then for this you have to go to your nearest post office and you can apply by going there Go here and meet the concerned officer and he will get your further process done and connect you to this scheme.
What are the benefits?
Talking about the benefits, 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 Income Tax Section 80C.
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