Post Office Scheme Changes: The government benefits the common people under the post office schemes. Under many schemes, the government gives more returns to the common people on less investment. Along with this, along with tax saving, it also gives the benefit of loan etc. Now to increase this benefit further, the government has made three major changes.
During Budget 2023, the government had made some changes under two savings schemes of the post office. Along with this, a new scheme was introduced, which is for women. Finance Minister Nirmala Sitharaman has made special changes in the Senior Citizen Savings Scheme and the Post Office Monthly Income Scheme. Let’s know what were the changes
Senior Citizen Saving Scheme
During Budget 2023, Senior Citizen Savings Scheme investors can now invest twice as much as before. Earlier this amount was Rs 15 lakh, which has been increased to Rs 30 lakh. This scheme was started in 2004, so that benefits can be given to senior citizens on retirement. The interest rate under this scheme is 8 percent and a minimum of Rs 1000 can be deposited. The interest under this scheme is not tax free.
Monthly income scheme
During the current budget, the investment limit in MIS has been increased from Rs 4 lakh to Rs 9 lakh. At the same time, under joint accounts, the limit has been increased from Rs 9 lakh to Rs 15 lakh. Under the Monthly Income Scheme, investors will get interest money every month. Right now the annual interest under this scheme is 7.1 percent. This is a five year plan.
Mahila Samman Saving Scheme
During the budget 2023, the central government had announced this scheme. This scheme is starting from 1st April. The government has started this scheme to include more women in the investment scheme. Also, this scheme will give more benefits to poor women in less time. Under this scheme, you can invest 2 lakh rupees for 2 years and in return you will get money at the rate of 7.5 percent.
