If you want to earn thousands sitting at home then invest in this scheme of post office!


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In today's unpredictable life, people not only focus on earning money but also on saving it. This involves investing in different schemes or people adopting different types of schemes. Some people also consider ensuring financial security after retirement while planning their investments. Therefore, they invest in schemes that can provide regular income after retirement. The Senior Citizen Savings Scheme offered by the post office is gaining popularity among such individuals, especially designed for senior citizens. Let us know the benefits of this scheme.

8.2% Interest Rate:

The Senior Citizens Savings Scheme run by the Post Office is extremely beneficial for senior citizens. Till January 2024, the scheme offers an interest rate of 8.2%. This interest rate is high compared to other national banks. For example, major banks offer interest rates of 7.50% on 5-year fixed deposits for senior citizens, such as SBI, PNB and ICICI Bank. HDFC Bank also offers a 7.50% interest rate.

Maturity period of 5 years:

The maturity period of the Post Office Senior Citizen Savings Scheme is 5 years. This means that you can close the scheme after 5 years of investment. If you terminate the plan midway, you may have to pay a penalty. This scheme can be started with a minimum deposit of Rs 1000 and a maximum of Rs 30 lakh.

How to avail benefits:

To avail the benefits of this scheme, you just need to visit your nearest post office and open your Senior Citizens Savings Scheme account. The scheme is open for general senior citizens up to the age of 60 years and for government employees up to the age of 50 years after retirement.