Post Office SCSS Calculator 2023: Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme) is for senior citizens! friends post office Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) In this you get more interest than the fixed deposit of the bank! This post office scheme is the safest investment vehicle for senior citizens! Money can be invested in this SCSS scheme for 5 years!
Post Office SCSS Calculator 2023
Post Office SCSS Calculator 2023
After maturity, you can extend this Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme) for another 3 years! after retirement Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) Can open this SCSS account! The account can be opened after the age of 60 years or more. A person taking VRS who is more than 55 years and less than 60 years can also invest in this scheme.
Start investing from Rs 1000 : Post Office SCSS Calculator 2023
The maturity period of Post Office Senior Citizen Savings Scheme is 5 years! If any citizen Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) If he wants to open an account, he can start investing with at least Rs 1000. And the maximum investment amount is Rs 15 lakh! This account can also be opened through cash and cheque. But remember, to open an account (SCSS Account) up to Rs 1 lakh, it is necessary to pay cash, only then you can open this account!
Senior Citizen Savings Scheme Interest Rate 2023
Currently 8.2 percent interest rate is being given annually in the Post Office Senior Citizen Savings Scheme! This interest rate is applicable from 1 April 2023! Out of all the small savings schemes of the Post Office, the maximum interest is being given in this scheme! Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) You also get a tax benefit of up to Rs 1.5 under 80C of the Income Tax Department!
How many accounts can be opened : Post Office SCSS Calculator 2023
Senior citizens can open more than one account in this Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme) of the Post Office! Husband and wife can open joint account together. In case of joint account, only the first person will be considered as the investor! Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) Multiple accounts can be opened under However, an amount of more than Rs 15 lakh cannot be deposited in all the accounts opened under SCSS.
₹2.05 lakh interest on ₹5 lakh deposit
According to Post Office Senior Citizen Savings Scheme calculator 2023 if you Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) Let’s invest Rs 5 lakh in lump sum! So after 5 years the total amount on maturity at 8.2% (compound) annual interest rate will be Rs 7.05 lakhs! Here you are getting the benefit of Rs 2.05 lakh in the form of interest.
Features of Senior Citizen Savings Scheme
Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme)! You can transfer from one post office to another post office. This Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) On closing after one year! 1.5% pre-closure charge will be imposed on the deposit amount. If you close after 2 years, you will have to pay 1% penalty on the deposited amount.
Tremendous schemes of Post Office
Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme) gets an annual interest of 8.2%! Also tax exemption is available! SCSS is especially for those people who are above 60 years of age. Apart from this, those who have taken VRS! Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) But! Talking about the current interest rates, it is 8.2%! In such a one-time deposit of Rs 5 lakh! Only interest on the amount can earn up to Rs 2 lakh!
Who should invest in SCSS Investment Plan
Post Office Senior Citizen Savings Scheme (Post Office SCS Scheme) is for senior citizens! who have retired Since this scheme is eligible for tax exemption! Hence the tax saving investment options! Investors looking for this Post Office Senior Citizen Savings Scheme! can invest in! This Senior Citizen Scheme is government supported!
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