You will forget FD, SIP... Post Office has the best saving scheme, one time investment and you will get 2.46 lakh rupees every year..

The post office near the house is not just a place to send letters, but a place where you can make your savings safe and profitable. Especially if you are retired or planning your retirement, then the Senior Citizen Savings Scheme of the post office can be the best option for you. This scheme, which comes with the guarantee of the government, not only gives great interest, but also ensures a fixed income every month.

Currently, 8.2 percent annual interest is being given in the SCSS scheme, which is much better than the fixed deposit of most banks. The most special thing about this scheme is that your money is completely safe in it, because this scheme is run by the government, and its guarantee is also given by the government.

Fixed income every month

If a person invests Rs 30 lakh in lump sum in this scheme, then he gets about Rs 2.46 lakh as interest every year. This amount comes into the account every quarter, that is, about Rs 61,500 every three months and an average regular income of Rs 20,500 every month. This helps retired people a lot in meeting their monthly needs.

Who can invest?

To invest in the SCSS scheme, the age of the person should be 60 years or more. However, government employees who have taken voluntary retirement at the age of 55 to 60 years and retired persons from the defense sector, whose age is between 50 and 60 years, can also take advantage of this scheme. Also, husband and wife can open a joint account together.

Also, know the terms and conditions.

This scheme is for 5 years, and if needed, it can be extended by 3 more years. However, if the investor closes the account before one year, he will not get any interest. At the same time, a higher penalty is charged for closing it before two years.

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