Invest in this scheme after retirement, you will get huge returns after 5 years, you will become rich. - Newztezz Online

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Wednesday, October 4, 2023

Invest in this scheme after retirement, you will get huge returns after 5 years, you will become rich.

If you invest Rs 1,00,000 in Senior Citizen Savings Scheme, you will get Rs 1,41,000 after five years on completion of maturity. Similarly, if you invest Rs 15,00,000 in this scheme, then on maturity you will get Rs 21,15,000. That means in five years you will earn Rs 6 lakh 15 thousand as interest.

Every person wishes that his old age should pass comfortably. He should not have any kind of problem. For this, he starts investing from his young days. But, many people do government or private jobs. In such a situation, these people get a huge amount as retirement when they turn 60 years of age. In such a situation, after retirement, many people get confused as to where to invest such a huge amount so that they can get good interest rates. But now people do not need to worry. Today we will tell you about a scheme in which senior citizens will get bumper returns by investing in it.

Actually, banks and government are also running many schemes for senior citizens. But the matter of Senior Citizen Savings Scheme is different. This scheme is very wonderful for the elderly. By investing in this, the elderly will get good returns after some time. Because good interest rates are available under the Senior Citizens Savings Scheme. At present, if you invest in this scheme, you will get interest at the rate of 8.2%.

You can start investing even with Rs 1000

The special thing is that an elderly person whose age is 60 years or more can invest capital in the Senior Citizen Savings Scheme. Apart from this, those people of 55-60 years of age who have taken VRS can also invest in it. The great thing is that a huge amount is not required to invest in Senior Citizen Savings Scheme. If you want, you can start investing even with Rs 1000.

Many types of tax benefits are also available

According to the information, you can invest a maximum of Rs 30,00,000 in the Senior Citizens Savings Scheme. However, earlier the maximum investment limit was Rs 15 lakh. If you invest in it now, the deposited amount matures after 5 years from the date of account opening. This means that after five years you can withdraw a substantial amount from your account. The special thing is that in this scheme, interest is given on the deposited amount on quarterly basis. Apart from this, many types of tax benefits are also available in Senior Citizen Savings Scheme.

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