Investing in this scheme of the post office for five years will get an amount of more than eight lakhs!

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Very few people would know that investing in post office small savings schemes gives more returns than the bank. Today we are going to give you information about such a scheme of the post office, in which you will get more than 8 lakhs in five years. 

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The post office scheme about which we are going to give information is called the Senior Citizens Savings Scheme. In this scheme, the person gets an interest of 7.4 percent per annum. The minimum investment that can be made in this is one thousand and a maximum of up to 15 lakh rupees. In this scheme of the post office, a person has to invest a lump sum deposit. Interest subvention is also available in this scheme. Any Indian citizen between the age of 50 and 60 can take advantage of this scheme. 

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If a senior citizen saves Rs 334 per day for this post office scheme, then he will deposit an amount of 1,20,000 per year. That is, he will deposit six lakh rupees with himself in five years. By investing Rs 6 lakh in this scheme, a person will be able to get Rs 8.22 lakh on the maturity of five years.