Post Office Scheme Changes, Big changes are going to happen in these Post Office schemes from April 1! Now you will get double benefit like this – changes going to happen in post office monthly savings and senior citizens savings scheme from april 1st 2023
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Changes happening in these two schemes
There is going to be a major change in the Post Office Senior Citizens Savings Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) from April 1. In this, from April 1, the maximum limit of investment in Senior Citizens Savings Scheme will be increased from Rs 15 lakh to Rs 30 lakh. At the same time, under the monthly income scheme of the post office, the maximum limit of investment through joint account will be increased from Rs 9 lakh to Rs 18 lakh. In such a situation, now the monthly and annual income in both these schemes will almost double.
Now you will get more interest
The government had also increased the interest rate on the Senior Citizens Savings Scheme from January 1. Now 8 percent interest is being received on this scheme. You can extend the account for 3 years after maturity of 5 years. On the other hand, if we talk about the monthly income scheme of the post office, the interest rate has been increased to 7.1 percent from January 1. After the maturity period, you can extend it further according to the new interest rate.
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