Utility News: This post office scheme is very beneficial for senior citizens, so much interest is available
Investing in post office schemes is preferred by many people to improve their future. Post office schemes offer a full guarantee of security of your money along with good returns.
Today we are going to give you information about Senior Citizen Saving Scheme. A person above 60 years of age can invest in this scheme. Along with good returns, the benefit of tax saving is also available in the scheme.
Investing in the Senior Citizen Scheme of the Post Office gives an interest rate of 7.4 percent. This interest is accrued on the deposit after every three months. In this, a person can invest a minimum of Rs 1,000 and a maximum of Rs 15 lakh for five years.