Post office: This scheme of post office has a great advantage, more than 4 lakh interest will be received in 5 years

Post Office’s Senior Citizen Savings Scheme yields an interest of 7.4% per annum, the maturity period of the scheme is 5 years.




Senior Citizen Savings Scheme: In this crisis of corona virus, people are looking for a safe haven to invest. If you are also looking for a safe place, then the post office scheme may be better for you. If you are Senior Citizens and want to invest your money somewhere, then the post office scheme can prove to be better for you.




The post office is Senior Citizen Savings Scheme-SCSS. Investment in this scheme is not only attractive, but also safe.

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If you invest 10 lakh rupees, you will get more than 14 lakh

If senior citizens invest a lump sum of Rs 10 lakh in this scheme, the total amount will be Rs 14,28,964 at maturity period after 5 years at a compounding interest rate of 7.4%. That is, in 5 years you will gain Rs 4,28,964.

About Senior Citizen Saving Scheme

– If you open an account in Senior Citizen Savings Scheme-SCSS, then the age should be more than 60 years. Apart from this, people who have taken VRS, ie Voluntary Retirement Scheme, can also open their account in this scheme.

– Amount to be deposited should not exceed the amortization of retirement benefits.

– The scheme provides 7.4% annual interest, the maturity period of the scheme is 5 years.

– You can invest in it only once. To invest, you can invest at least Rs 1000 to a maximum of Rs 15 lakh.




– You can also stop this scheme premature. But for this you will have to complete at least one year. If you do it after one year, ammunition will be deducted 1.5% of the deposit. On the other hand, if you close after 2 years, 1% of the deposit will be deducted.

Under SCSS, the depositor can also keep more than one account in a joint venture with his wife or husband. But not all can invest more than 15 lakh rupees.

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