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Home FINANCE Post Office Superhit scheme: You will get Rs 20,500 every month, check...

Post Office Superhit scheme: You will get Rs 20,500 every month, check benefits and rules

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Post Office Senior Citizen Saving Scheme : Senior citizens look for such investment options where the money remains safe along with high interest. Under the Senior Citizen Saving Scheme, their money remains safe because it is the responsibility of the government to manage the money, invest it and give returns.

The government has made this scheme keeping in mind the needs of senior citizens. The government is offering maximum interest on this scheme. Among the schemes offered by the Post Office’s Small Savings Scheme, it is getting the highest interest. Currently 8.2 percent interest is being given on it.

You will get this much return

If the investment limit is Rs 30 lakh and the interest rate is 8.2 percent, a total of Rs 42.30 lakh will be received along with interest of Rs 12.30 lakh on maturity of five years. If it is calculated on annual basis then it is Rs 2 lakh 46 thousand. In this, Rs 20,500 will be available on monthly basis.

Benefits of Senior Citizen Saving Scheme

You can invest money in Senior Citizen Saving Scheme for a total of 5 years. 8.2 percent interest is being given on the amount invested in this scheme. You can invest from Rs 1,000 to Rs 30 lakh in this government scheme. Talking about tax exemption, tax exemption is available on investment of Rs 1.5 lakh under Section 80C of Income Tax. If we compare this with banks, some banks are offering more than 8.2 percent interest to customers.

You can invest minimum Rs 1,000

Customers above 60 years of age can invest in the Senior Citizen Savings Scheme. Let us tell you that interest in this scheme is available on quarterly basis. Whereas you get the full money only after the completion of the lock-in period of 5 years. Customers can start investing in this scheme with a minimum of Rs 1,000. Now a maximum of Rs 30 lakh can be invested in the scheme. Apart from this, in this scheme you get tax exemption under section 80C.


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