Post Office Senior Savings Plan: Nowadays everyone is looking for an investment that offers better returns and does not involve much risk. Today we are going to tell you about one such scheme. Many plans run by the Post Office are becoming very popular. At Correos, savings plans are applied for all age groups, whether children, the elderly, young people and women. Since it is a government scheme, it does not carry any risk.
Read more: Post Office Outline – Cool Post Office Outline. More than Rs 2 lakh will be earned from interest alone and you will also get the benefit of tax exemption.
Post Office Senior Savings Plan
We are talking about the Correos Savings Plan for Seniors (SCSS). This is a plan that will provide you with a steady income every month after retirement. You can receive Rs 20,500 every month for five years.
How much interest will you get?
The interest rate under this plan is 8.2 percent, which is reviewed every quarter. This is the highest interest rate given in any government scheme. However, this interest rate is calculated annually. This is the highest interest rate given in any government scheme. Its maturity period is five years. At the same time, there is also the option to increase it after five years. Indian citizens above 60 years of age can invest a lump sum in this scheme.
Read More: Government Scheme for Girls: According to this scheme, daughters can become millionaires at just 21 years of age, this scheme is very useful.
You can invest with Rs 1000.
The investment in the scheme can range between Rs 1,000 to Rs 30 lakh. If you invest Rs 30 lakh in this, you will earn around Rs 2,46,000 as interest every year. In such a situation, you will have a monthly income of Rs 20,500 every month. It guarantees regular income every month after retirement.
Who can invest?
Anyone aged 60 or older can invest in the Senior Savings Plan (SCSS). Also, if someone retires voluntarily at the age of 55 to 60 years, then he can open an account in this.
Read More: Post Office Plans for Women: This post office plan is very amazing for women – they will get Rs 1,74,033 in just two years.
For how many years will the investment have to be made?
taxes will have to be paid
Under this plan, people have to pay income taxes. The SCSS scheme also offers a tax saving facility, under which you can reduce your tax liability. For more information about this scheme, you can visit the official website of the post office. You can also contact the post office agent.
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