Senior Citizen Saving Scheme : Life after retirement is a new beginning for everyone, and during this time the biggest question is how to make your post-retirement life comfortable. If you are also looking for the answer to this question and are looking for a safe investment plan for your retirement, then the Post Office Senior Citizen Savings Scheme (SCSS) can be a great option for you. By investing in this scheme, you can get a pension of up to Rs 20,000 every month after retirement. Let us know about this scheme in detail.

What is the Senior Citizen Savings Scheme (SCSS)?

Senior Citizen Savings Scheme (SCSS) is a government scheme specially designed for citizens aged 60 years and above. By investing in this scheme, you get regular income every month with a good interest rate. From Rs 1000 to Rs 30 lakh can be invested in this scheme, and you get an interest rate of 8.2 percent on it, which is an attractive benefit.

The maturity period of this scheme is 5 years, and it can also be renewed. Under this scheme, you get a pension every month, which ensures financial security after retirement.

This is how you will get income every month.

If you invest Rs 30 lakh in this scheme, you will get interest of Rs 246,000 every year. This means that you will get a monthly pension of Rs 20,500 every month. This amount can make your life comfortable after your retirement.

The investment process is also very simple. For this, you have to go to the nearest post office (Senior Citizen Saving Scheme) and open your account. To open an account, you have to apply with your age certificate, identity card, and investment amount.

How to open an account in a post office?

To avail the Post Office Senior Citizen Saving Scheme (SCSS), you have to go to any nearby post office. There you have to apply with your age certificate, identity card (like Aadhar card, PAN card, etc.), and the amount of investment. The process is very simple and completely safe, making this scheme extremely convenient for the elderly.

Benefits of Senior Citizen Saving Scheme

• Regular Pension—By investing in this scheme, you can get a pension every month after retirement.
• Safe Investment—Since it is a government scheme, investment in it is completely safe.
• Good Interest Rate—The interest rate of 8.2 percent gives you good benefits compared to other investment schemes.
• Flexible Investment—You can invest from Rs 1000 to Rs 30 lakh, which makes it flexible.
• Simple Process—The process of opening an account for this scheme is very simple and straightforward, which is convenient for the elderly.

Conclusion

Senior Citizen Saving Scheme (SCSS) is a great financial security scheme for senior citizens, by investing in which you can get a good pension every month after retirement. If you also want to ensure your financial security after retirement, then investing in this scheme can be the right option for you.

Through this scheme, you can not only ensure a regular income after your retirement but can also live a safe and stable life.

Read More

Start Saving ₹45 a Day and Create ₹25 Lakhs with LIC Jeevan Anand Policy

SBI PPF Scheme: Save ₹750 Every Month and Get ₹2.44 Lakh in Return, Know How

SIP: It Is Easy To Make 5 Crores By Saving 100 Rupees Every Day, Just Follow This Method