POST OFFICE SCSS SCHEME: Nowadays everyone wants to have some source of income, especially after retirement. So there is good news for you. Post Office’s wonderful “Senior Citizen Savings Scheme” (SCSS) is one such great scheme, investing in which you can earn a good amount after retirement.
By investing in this scheme, you can earn a good amount every month after retirement, that too sitting at home! Let’s know in detail about the SCSS scheme and how it can make your retirement life financially strong.
Special Scheme for People Above 60
SCSS scheme is specially designed for people 60 years or above. By investing in this scheme, you can strengthen your retirement fund and earn a good amount from the interest received every quarter.
High Interest, Secure Future
Currently, you get interest at the rate of 8.2% per annum on the SCSS scheme. This interest is deposited in your account every quarter. Suppose you invest ₹15 lakh in this scheme, then every quarter you get interest of ₹30,750.
That is, every month you can earn ₹10,250 sitting comfortably at home! Not only this, but your principal amount (₹15 lakh) also remains safe.
Easy Investment Process
Investing in the SCSS scheme is very easy. You can invest in this scheme by going to your nearest post office. A minimum of ₹1000 and a maximum of ₹15 lakh can be invested in it. Apart from this, you can also open a joint account with your wife.
Benefit of Tax Exemption
Investment in the SCSS scheme also exempts you under Section 80C under Income Tax. That is, by investing in this scheme you can also save tax.
Investment Period
The investment period in the SCSS scheme is 5 years. However, you can extend it up to 3 more times in blocks of 3 years, that is, you can take advantage of the investment for a total of 8 years.
If you are above 60 years of age and want to remain financially strong after retirement, then the SCSS scheme of the post office is the best option for you. By investing in this scheme, you can earn good money every month and also secure your future.
