Post Office Scheme: Interest of Rs 5.55 lakh will be available sitting, this is a great scheme, know here...
Post office savings schemes are considered a better option from an investment point of view. Money does not sink in this scheme, nor do you have to worry about market fluctuations by investing in this scheme. One of these savings schemes of the post office has been brought for old age people. You can invest a maximum of Rs 15 lakh in this post office scheme and you get an annual interest of 7.4 percent on investing in this scheme. The name of this scheme is Senior Citizen Saving Scheme.
27,750 interest is available every 3 months
If a person invests 15 lakh rupees in this scheme simultaneously, then he gets an interest of 7.4 percent per annum. Accordingly, on maturity i.e. after 5 years some amount will be Rs.2055000. Accordingly, you can get an interest of Rs 27,750 every 3 months and a total interest of 555000 in 5 years.
Maturity time is 5 years
According to the official website of the post office, investing in this scheme can earn you an interest of up to 7.4 percent per annum and it has a maturity period of 5 years. You can deposit in this scheme in multiples of Rs.1,000. Along with this, you can invest a maximum amount of up to Rs 15 lakh in this scheme. But you have to invest a lump sum amount in it.
The maximum amount that can be deposited is up to Rs 15 lakh
Under SCSS, you can open an account alone or with your wife or husband. You can also open more than one account. But all of you together cannot deposit more than the maximum amount of 15 lakh rupees. You can open this account by depositing cash up to Rs 1 lakh in this scheme. But if you want to deposit more money than that, then you will have to check and use it.