{"id":47147,"date":"2025-07-04T07:30:00","date_gmt":"2025-07-04T06:30:00","guid":{"rendered":"https:\/\/newstimers.com\/index.php\/2025\/07\/04\/in-this-scheme-of-post-office-the-highest-interest-is-available-these-people-can-invest\/"},"modified":"2025-07-04T07:30:00","modified_gmt":"2025-07-04T06:30:00","slug":"in-this-scheme-of-post-office-the-highest-interest-is-available-these-people-can-invest","status":"publish","type":"post","link":"https:\/\/newstimers.com\/index.php\/2025\/07\/04\/in-this-scheme-of-post-office-the-highest-interest-is-available-these-people-can-invest\/","title":{"rendered":"In this scheme of Post Office, the highest interest is available, these people can invest"},"content":{"rendered":"


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Post office\n<\/p>\n

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It is the priority of every elderly person to make life financially safe and stress free after retirement. In such a situation, the Post Office Senior Citizen Savings Scheme (SCSS) operated by the government comes as a reliable and attractive investment option. This scheme has been designed especially for people aged 60 or older, which gives good interest and tax exemption.<\/p>\n

Citizens aged 60 years or more can invest in this scheme. Apart from this, government employees aged 55-60 years who have taken VRS (voluntary retirement) and 50-60 years of defense personal can also take advantage of it with certain conditions. It also has the facility to open a joint account in the name of single or husband and wife.<\/p>\n

Maximum Rs 30 lakh can invest<\/h2>\n

SCSS scheme can invest a minimum of Rs 1,000 and a maximum of 30 lakh rupees. Earlier this limit was 15 lakh rupees, which has now been increased to double. This scheme is being given 8.2% annual interest, which is much higher than the FDs of banks. This interest is given on a quarterly basis. If a person invests 30 lakh rupees in it, then he will get a monthly interest of Rs 2.46 lakh annually, or about 20,000 rupees.<\/p>\n

There is a discount of so many lakhs in 80C<\/h2>\n

Under this scheme, there is a tax exemption of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. That is, it not only gives regular income, but is also helpful in saving tax. The duration of SCSS is 5 years and it can be extended for 3 years if needed. If an investor wants to withdraw money ahead of time, withdrawal with certain conditions is possible. Closing the account before 1 year does not get interest, while closing between 1-2 years and closing between 2-5 years is deducted of 1% interest.<\/p>\n<\/div><\/div>\n


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