Post Office Senior Citizens Savings Scheme 2025: If you’re worried about your life after retirement, we’ve got a solution to your worries. Today, we’re going to tell you about a Post Office scheme that will provide you with more than 20,000 rupees per month after retirement. Let’s explore this scheme and how much you’ll need to invest.
How to get 20 thousand rupees every month?
The Post Office’s Senior Citizen Savings Scheme (SCSS) is a great opportunity for you. Through this scheme, you can earn ₹20,000 per month even after retirement. Under this scheme, an individual investing ₹30 lakh will earn an annual interest of ₹2.46 lakh. This means ₹20,500 will be deposited into their bank account every month. With this amount, you can meet your needs after retirement.
For how many years will you have to invest?
Previously, only ₹1.5 million (150,000 USD) was available for investment in this Post Office scheme. However, now the maximum investment allowed is ₹30 lakh (300,000 USD). This Post Office scheme was specifically designed for retirement purposes. Therefore, individuals aged 60 and older can invest in it. Furthermore, those who have retired between the ages of 55 and 60 can also benefit from this scheme.
Interest will be taxed
Before investing, all investors should be aware that the interest earned under this scheme will be taxable. Therefore, carefully review all the terms and conditions of this scheme before investing. Investing after reviewing all the conditions will ensure your money is safe. Investors under this scheme earn an annual interest rate of 8.2%.
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