Post Office Best Scheme for Old Age Peoples, Here is Full Details

Post Office Best Scheme: You should definitely invest a part of your earnings for your retirement. If you are looking for a safe return option, the post office offers you an excellent scheme. There are some small savings schemes here where you can deposit small amounts and also get very good returns on them. Since this is a government scheme, you also get a guarantee with it.

Today, we will tell you about a post office scheme that is specially designed for senior citizens. The name of this post office scheme is the Post Office Senior Citizen Scheme, where you can invest and earn up to ₹20,000 per month.

Post Office Senior Citizen Scheme

Let us tell you that this Post Office Senior Citizen Scheme, run by the government, is for your retirement, but you need to start investing in it now so that you can live your old age without any financial worries. If you want to invest for retirement, this scheme is the best. Here, if you invest a large amount at once, you will keep receiving a substantial amount every month after retirement. You get more interest here than fixed deposits, along with tax benefits.

How Much Interest Do You Get?

Let us tell you that if you invest in the Post Office Senior Citizen Scheme, you will get an interest of 8.2% per year here. This interest is higher than your fixed deposit, and you also get a guarantee of fixed returns. That’s why this scheme is highly preferred.

Who Can Invest?

If you want to apply under this senior citizen scheme of the post office, your age should be between 50 and 60 years. During this time, you can deposit a large amount in it. The minimum investment starts from ₹1,000, and you can invest a maximum of ₹30 lakh.

How Will You Get ₹20,000 Per Month?

If you invest ₹30 lakh here, you will get 8.2% interest every year. In this way, you will get an interest of ₹2.46 lakh every year. Every month, you can earn up to ₹20,500 for free.