Senior Citizens Scheme: Everyone wishes for a decent income after retirement. Do you know that Senior Citizen Savings Scheme is enough to win people’s hearts? The scheme aims to help people in old age financially. According to the maximum investment limit in this scheme, you are expected to get interest of up to Rs 60,000 every month.
If you are retired from a job, you can get double the benefit by opening separate accounts in your and your spouse’s name to fulfil your dream of becoming rich. How will the Senior Citizen Savings Scheme make you rich? You can learn all this in detail below to make people rich. If you miss this opportunity, then you will miss it.
Senior Citizen Savings Scheme Benefits
This is the post office’s highest-interest small savings scheme. Now, 8.2 per cent interest is paid annually from this scheme. Only Sukanya Samriddhi Yojana offers such a high interest rate. The money deposited in the post office is 100% safe, and future benefits are available.
Senior citizens across the country can invest a lump sum in this scheme individually or jointly. The scheme offers regular income and car benefits, which can help people become rich. An investment of Rs 30 lakh can be easily made in one account.
You must invest a minimum of Rs 1000 in this. You can pay in cash if your deposit is less than Rs 1 lakh. If your deposit is more than this, you must pay by cheque.
How much money can be invested in a single and joint account
In the Senior Citizen Savings Scheme, one can invest a maximum of Rs 30 lakh in a single or joint account. Also, up to Rs 60 lakh can be deposited in two different accounts. If you deposit Rs 30 lakh in the scheme’s account, you get 8.2 per cent interest annually.
Also, if you keep the amount safe for 5 years, you will benefit from a substantial monthly amount. Rs 30 lakh will give an interest of Rs 2,40,600 every year. According to this, there will be an income of Rs 20,000 monthly. People will get interest of Rs 12,03,000 in 5 years. The total return will be Rs 42,03,000.