Post Office Scheme- The interest rate of the Senior Citizen Savings Scheme has increased, you should invest today

The post office not only exchanges chits, it also runs many financial schemes, in which you can get good returns by investing, one such scheme is the Senior Citizen Savings Scheme which provides you financial assistance after retirement, that too in the form of pension, this scheme provides a safe and attractive way to manage retirement funds. Recently the government has increased the interest rate of this scheme, let's know its full details.

Attractive interest rate: Currently, SCSS offers an impressive interest rate of 8.2%, which is higher than the FD rates offered by many banks.

Investment in this scheme is completely safe, as it is backed by the Central Government, thereby eliminating any market risk.

Investment limit: You can start with a minimum investment of Rs 1,000, with a maximum limit of Rs 30 lakh.

Tax benefits: Investors can avail income tax exemptions, as well as an opportunity to claim deductions of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.

Lock-in period: The scheme has a lock-in period of 5 years, which offers a structured approach to savings while ensuring long-term financial stability.

Ideal for retirement fund: SCSS is specially designed for senior citizens to help them make the most of their retirement savings.