Post Office Senior Citizen Saving Scheme: Today we are going to tell you about a wonderful scheme. The name of this scheme is Senior Citizen Savings Scheme. In this scheme, you can collect a fund of Rs 14 lakh by investing five years.
Senior Citizen Savings Scheme has been launched especially for the elderly people. Only people aged 60 or above can invest in this scheme. After retirement, people get a good amount of fund. Many people use their retirement money for building a house, for the education of children or for marriage. At the same time, many people invest this money in some good place. In such a situation, you can invest your retirement money in the Senior Citizen Savings Scheme. You get a good interest rate on the money invested in this scheme. In this episode, let us know about it in detail –
At present, an interest rate of 7.4 percent is being received for investing in the Senior Citizens Savings Scheme. You can invest in this savings scheme only for five years. At the same time, under certain circumstances, there is a provision to extend the investment period further for three years.
You can also invest in multiples of Rs 1,000 in this scheme. You can invest a maximum of Rs 15 lakh in the Senior Citizen Savings Scheme.
If you also want to collect a fund of Rs 14 lakh by investing five years in this scheme. For this, you have to invest a lump sum of Rs 10 lakh in the Senior Citizen Savings Scheme. In this case, after five years, you will have a total fund of Rs 14,28,924.
You can easily open your account in Senior Citizen Savings Scheme by visiting your nearest post office. In the post office, you will have to fill your application form and attach it with the necessary documents and submit it to the post office.
