Post Office Scheme: Are you looking for a scheme in which you can make it every month and your money is safe? So? to day, we will tell you about a grand scheme here. The post office is offering an excellent scheme for you. In this scheme of the post office, you get Rs 20,500 every month.

Additionally, getting a regular monthly income after retirement becomes a challenging task. Senior Citizen Savings Scheme is one such scheme which will provide you a fixed income every month after retirement.

You will get Rs 20,500 every month.

Senior citizens investing in SCSS can earn up to Rs 20,000 every month. The interest rate under the post office scheme is 8.2 per cent. This is the maximum interest given in any government scheme. Its maturity period is five years. Indian citizens above 60 can invest lump sum money in this scheme.

The maximum investment limit in the SCSS scheme was Rs 15 lakh, which has now been increased to Rs 30 lakh. If you invest Rs 30 lakh in it, you will get about Rs 2,46,000 as interest every year. According to this, you will have a monthly income of about Rs 20,500.

Who can invest?

People aged 60 years and above can easily invest in the SCSS scheme. Also, people who voluntarily retire at 55 to 60 can open their account. Let us tell you that to open an account in the scheme; you can apply by going to the nearest post office or bank.

How much tax will have to be paid?

Remember that tax must also be paid on the income received from this scheme. However, the SCSS scheme also provides tax savings, so you reduce your tax liability to some extent.