Post Office’s Dhansu scheme: 2 lakhs interest will be available on depositing 5 lakhs, check the scheme
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SCSS: Senior citizens mostly prefer to invest their savings in a place where they can get better returns and their money is also safe. Because of this, most of the elders prefer to have FD. Senior Citizen Savings Scheme (SCSS) can be of great use for such people.
This government scheme is for those people whose age is more than 60 years. Apart from this, those who have taken VRS from the job. They can also take advantage of this scheme. Its interest rate is higher than FD and savings account. At present, interest is being received on SCSS at the rate of 8.2 percent. Let us know the special things related to this scheme.
The scheme matures in 5 years
A minimum of Rs 1000 and a maximum of Rs 30 lakh can be deposited in this account. Money can be deposited in multiples of Rs 1000 in the scheme. In this scheme, you get interest every 3 months on your investment. This account will mature in 5 years. If the depositor wishes, he can extend his money for another 3 years after 5 years. You will get this extension option only once.
Interest on deposits of 5, 10, 15, 20 and 30 lakhs
If you invest Rs 5 lakh in this scheme for 5 years, then at the rate of 8.2% you will get Rs 2,05,000 as interest. In this way you will get Rs 7,05,000 on maturity. Depositing Rs 10 lakh will get you Rs 14,10,000 on maturity, depositing Rs 15 lakh will get you Rs 21,15,000. By depositing Rs 20 lakh, you will get Rs 28,20,000 on maturity. Whereas, on depositing Rs 30 lakh, you will get Rs 42,30,000. This is such a good interest that you will not get so quickly on any other scheme.
benefits of the scheme
Senior Citizen Savings Scheme is a small savings scheme of the Government of India. This account can be transferred anywhere in India. By investing in this scheme, you get exemption under income tax. Under this scheme interest is paid every three months. Interest is credited to your account on the first day of every April, July, October and January.
how to open account
You have to fill a form to open this account in post office or public private sector banks. Along with this, two passport size photographs, identity proof and other KYC documents will be required.
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