Post Office Senior Citizen Saving Scheme: Today we are going to tell you about a wonderful scheme. The name of this scheme is Post Office Senior Citizen Savings Scheme. This scheme is being operated especially for senior citizens. In such a situation, only people aged 60 or above can invest in the Senior Citizens Savings Scheme. This is a great scheme for the elderly.
At present, you are getting an interest rate of 8.1 percent by investing in this scheme. If you are recently retired. In such a situation, you can invest your retirement money in Senior Citizen Savings Scheme. Many people across the country are investing their money in this scheme. By investing in this scheme, you also get many great benefits. In this episode, let us know in detail about the Senior Citizen Savings Scheme –
Investment in Senior Citizen Savings Scheme can be made only for 5 years. However, in this scheme you also have the option to extend the investment period by 3 years.
You can invest a minimum of Rs 1,000 in the Senior Citizen Savings Scheme. On the other hand, if we talk about the maximum amount, then you can invest Rs 15 lakh or the amount received at the time of retirement.
You also get tax benefits by investing in Senior Citizen Savings Scheme. Investing in this scheme gives a benefit of up to Rs 1.5 lakh under section 80C of income tax.
Senior Citizen Savings Scheme is counted as a safe and reliable investment option. If you withdraw money after 2 years of investing in this scheme. In this case, you will be charged a penalty of 1.5 percent of the deposit amount. Wherein if you withdraw the money after two years. In this case, a penalty of 1 percent of the deposit amount will be charged.
