Post Office Senior Citizen Scheme – This scheme of the Post Office will give 20000 rupees per month in old age know full details.

If you are a working person then this news is very important for you, especially for those senior citizens who want to live their lives comfortably after retirement. Investing wisely after retirement is important to maintain financial stability and enjoy a comfortable life. The government has launched several savings schemes specially designed for senior citizens. These schemes provide essential benefits, ensuring that retirees can maximize their savings and enjoy peace of mind. Let's know about this scheme-

Why choose the Post Office Senior Citizen Savings Scheme?

Post Office Senior Citizen Savings Scheme is one of the most attractive options. This program is especially preferred for its regular income, safe investment options, and tax benefits.

Accessible investing: You can start investing as little as Rs 1,000, making it accessible to many. The maximum investment limit is Rs 30 lakh, with the potential for significant growth.

Eligibility: The scheme is available to individuals aged 60 years and above. You can also open an account if you have retired under the Voluntary Retirement Scheme (VRS) between the ages of 55 and 60, or are retired defense personnel aged 50 years and above.

Joint accounts: You have the option to open a joint account with a spouse or another eligible individual, adding flexibility in financial planning.

Attractive returns: With an interest rate of 8.2%, investing a maximum of Rs 30 lakh can yield an annual interest of around Rs 2.46 lakh, which works out to around Rs 20,000 per month.