Post Office Senior Citizen Savings Scheme: To maintain a steady lifestyle, regular income is necessary also in old age. Not everyone is able to maintain a regular income during their old age. At this stage, pension is the only option remaining. But only those who worked as government employees are eligible for pension. But a post office scheme can solve your problem. Through investment in this post office scheme, anyone can get monthly Rs. 20,000 after retirement.
Who to get monthly Rs. 20,000?
Suppose you have deposited 30 lakh rupees in the Senior Citizen Savings Scheme, then you get an interest of about 2 lakh 46 thousand rupees every year. If you look at it according to the month, then this amount will be Rs 20,500.
How to invest?
You will have to fill a form to open an account, which will be submitted along with a copy of KYC documents. Along with identity proof, address proof and age certificate, 2 passport size photographs will also have to be submitted in the documents. This account can be opened by going to any nearest post office branch.
Senior Citizen Savings Scheme is a scheme being run for senior citizens. Under this, those citizens who have retired are to benefit. Through this, you can get regular money even after retirement. The scheme is guaranteed by the Government of India. It can be availed through any certified banks and post offices in India. Senior Citizen Savings Scheme The interest rate for the third quarter (October-December) of FY 2023-24 is 8.2%.
Certain conditions have been imposed to avail SCSS. The first condition in this is that the age of the citizens should be above 60 years. These are the people who have taken the Voluntary Retirement Scheme (VRS). According to the rule, now the spouse of a state/central government employee who dies in the line of duty can get the benefit in SCSS. They get permission to make death compensation or investments. But the condition is that their age is more than 50 years.