Post Office Scheme: You also want such an investment option that can bring good money home every month. You can also earn up to Rs 20,500 every month by investing in post office schemes. In this post office scheme, you can get income every month for five years. Know the complete calculation of post office scheme
Post Office Scheme : After retirement, most people are worried about regular income for themselves. Keeping these needs of senior citizens in mind, the government is also running the Senior Citizen Saving Scheme. The post office is running this scheme on behalf of the government. The biggest advantage of this scheme is that you can invest your retirement money in it. If you invest maximum money in it, you will get interest of around Rs 2,46,000 annually. That is, your income can be Rs 20,500 on a monthly basis and Rs 61,500 on a quarterly basis.
Investing in Senior Citizen Saving Scheme
You can start investing a minimum of Rs 1000 in the Post Office Senior Citizen Saving Scheme. Investors can invest a maximum of Rs 30 lakh in it. Senior citizens can invest their retirement money in this government scheme. By investing in this scheme you will get exemption under 80C. However, tax on interest income will have to be paid after a limit. The government is giving 8.2 percent interest on this.
This plan will be useful for you
This scheme of the post office has been made keeping in mind the people of 60 years of age so that they can get regular income after retirement. This scheme is also for those who have taken VRS. The government is currently giving interest at the rate of 8.2 percent on this scheme. In this scheme, if senior citizens deposit Rs 5 lakh together, they can earn Rs 10,250 every quarter. In 5 years you will earn up to Rs 2 lakh just from interest. If you invest your retirement money i.e. maximum Rs 30 lakh in this, then you will get interest of Rs 2,46,000 annually. If you look at the calculation, you will get Rs 20,500 on monthly basis and Rs 61,500 on quarterly basis.
Benefits of SCSS
This savings scheme is a small savings scheme run by the Government of India. In this, under Income Tax Act section 80C, investors get the benefit of tax exemption up to Rs 1.5 lakh every year. Interest is available at the rate of 8.2% every year. In this, interest money is received every 3 months. Interest is credited to the account on the first day of April, July, October and January every year.
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