Post Office SSCS Scheme Update: Open this account in the post office with just Rs 1000, you will get Rs 14 lakh in 5 years, the post office gives many investment schemes! Due to which investors can invest their money in such savings instruments that provide pleasant returns. In Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme), the post office allows investors to get impressive returns from their investments!
Post Office SSCS Scheme Update
Post Office SSCS Scheme Update
Post Office (Post Office) If you also want to make a safe investment, then the Post Office Senior Citizen Savings Scheme (Post Office Senior Citizen Savings Scheme) can be a suitable savings plan for you! At present, investors are getting interest at the rate of 7.4 per cent on investment in the scheme. The Senior Citizen Savings Scheme (SCSS) offered by the Post Office (India Post) is more beneficial for retired investors! Because they can invest their hard earned money in a safe scheme that can give handsome returns!
Apart from this, investors above 60 years of age can open an account only in the Post Office Senior Citizen Savings Scheme. Investors opting for Voluntary Retirement Scheme (VRS) can also open their account in this Post Office Senior Citizen Savings Scheme! You can start investing at least Rs 1000 in this scheme!
Post Office SSCS Scheme Update
To get Rs 14 lakh in just 5 years from the Post Office Senior Citizen Savings Scheme, the investor has to make a lump sum investment of Rs 10 lakh in the investment scheme! After five years, investors will get Rs 14,28,964 at 7.4% interest rate! Investors will get Rs 4,28,964 as interest on their investment! Post Office This is one of the most important things to note here! That investors cannot keep more than Rs 15 lakh in their senior citizen savings account!
Investors opening an account of less than one lakh rupees in the Post Office Senior Citizen Savings Scheme can pay this amount in cash! The maturity period under SCSS is five years. However, investors can extend the maturity period by three more years. Investors will need to visit the post office to open an account in the Senior Citizen Savings Scheme (SCSS), which also offers several tax exemption benefits. Instead, investment in the scheme is exempted under section 80C of the Income Tax Act.
Post Office Senior Citizen Savings Scheme Update
According to the information given on the official website of the Post Office on the amount deposited in the Senior Citizen Savings Scheme (SCSS), currently you are getting interest at the rate of 7.4 percent per annum! Post Office i.e. more returns are being given than other small savings schemes!
Post Office SSCS Scheme Update
In Post Office SCSS, the maturity of your deposited capital is completed in 5 years! However, you can extend it for another three years! For this you have to apply in the post office (India Post)! You can close the account even before maturity. But after 1 year of opening the Post Office Account, it deducts 1.5 percent of the deposit amount only after closing the closed account! If you close it after 2 years then 1% of the deposit amount is deducted.
Unfortunately, currently there is no way to open Senior Citizen Savings Scheme online! In fact, we live in an era where everything has gone online! But some government-backed schemes like the Senior Citizen Savings Scheme are yet to go online. This is also true for many post office schemes, where we still have to fill physical forms and hand them over to the post office.
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