Post Office Schemes for Senior Citizens: Everyone wants to enjoy their life after retirement. Along with this, one should not have to be financially dependent on the family. But for this it is very important that if you invest in the right place after retirement or before retirement, then you get a good return. Let us tell you that if you want to get a good return after retirement, then this article can be very important for you.
Let us tell you that there are many such schemes of the post office which provide you a good return after retirement. Along with this, there is no need to invest much. These schemes have been specially designed for the elderly. Let us know about all the schemes in detail. Along with this, we also know how to avail the benefits.
Senior Citizen Saving Scheme
The age for investing in the Senior Citizen Saving Scheme of the Post Office has been fixed at 60 years. If a person has taken VRS at the age of 50 years or more, then he can take advantage of this scheme, after which there is income after retirement.
You can invest a minimum of one thousand rupees and a maximum of 30 lakh rupees in SCSS scheme. If you want to open an account by paying 1 lakh rupees, then you can open the account by paying cash. If you invest more than 1 lakh rupees, then you will have to give a cheque. With this, you can open more than one account. But the maximum investment will be only 30 lakh rupees.
In SCSS scheme, interest is provided at the rate of 8.2 percent on investment. This scheme has a lock-in period of 5 years, but you can extend it for three years. If you invest 10 lakh rupees for 5 years, then you will get a total of 14.28 lakh rupees. Along with this, tax benefits are also available
Post Office Monthly Income Scheme
If you are looking for investment options after retirement, then Post Office Monthly Income Scheme can be special. In this scheme too, investors get great returns without any risk. The special thing about this scheme is that you have to invest a lump sum in it. At present, interest is being provided at the rate of 7.4 percent in this scheme.