Superhit Post Office Scheme: Many government schemes are run by the government under the Post Office, under which you get the benefit of tax and higher returns. These small savings schemes under the post office are considered a safe investment option, due to which most of the population of the country invests in these schemes. These schemes provide more profit as well as different types of profits.
Today we are going to tell you about one such scheme under the post office, which will give you income every month. You have to invest money in this scheme only once, then you will keep getting the amount as monthly income. We are talking about the Senior Citizen Savings Scheme (SCSS) of the post office. This is a scheme that will give you a fixed income every month after retirement. You can take Rs 20,500 every month for five years.
How much interest rate do you get?
Senior citizens investing in the Senior Citizen Saving Scheme can earn up to Rs 20,000 every month. Under this scheme, the interest rate is 8.2 percent, which is revised every quarter. However, this interest rate is calculated on an annual basis. This is the highest interest rate given in any government scheme. Its maturity period is five years. At the same time, there is also an option to increase it after five years. Indian citizens above 60 years of age can invest lump sum money in this scheme.
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How much can you invest?
Earlier, the maximum investment limit under this scheme was Rs 15 lakh, which has been increased to Rs 30 lakh. If you invest Rs 30 lakh in it, you will get about Rs 2,46,000 as interest every year. In this case, you will have a monthly income of Rs 20,500 every month. It guarantees regular income every month after retirement. Who can invest? If you want to invest under this scheme, you can contact the nearest post office and bank. People aged 60 years and above can invest in the SCSS scheme. Also, if someone voluntarily retires at the age of 55 to 60 years, they can open an account in it.
Tax has to be paid Under this scheme, people have to pay tax on income. SCSS scheme also provides the facility of tax savings, under which you can reduce your tax liability. You can visit the official website of the post office for more information about this scheme. You can also contact the post office agent.