Utility News Desk !!! After retirement, everyone wants to invest their money in a place where they can get good returns. If you are also looking for a good investment option after retirement, then we will tell you about a scheme which can prove to be better for you. This scheme is of the post office.
The name of this scheme of the post office is Senior Citizen Savings Scheme. Most banks are giving only 6.50 percent return on bank FD to senior citizens, but the Senior Citizen Savings Scheme is giving 8.2 percent annual return. This scheme of the post office can prove to be better for you after retirement. To invest in this scheme, your age should be more than 60 years.
If a person has taken Voluntary Retirement Scheme (VRS) at the age of more than 50 years, then he can also invest in this scheme. Apart from this, people who have retired from the defense sector can also invest money in this scheme of the post office.
Let us tell you that in this scheme a person can invest from Rs 1,000 to Rs 15 lakh. If you want to invest less than Rs 1 lakh, then you can open an account with cash. If you deposit more than Rs 1 lakh, then you will have to deposit a cheque.
By investing in this scheme of the post office, customers can get 50 thousand rupees. Tax exemption is available on investment of 1.5 lakhs. By investing 10 lakh rupees in this scheme for 5 years, you will get a return of 14.28 lakh rupees. Investment can be made in this scheme for 5 years. After this, investment in the scheme can be extended for 3 years.