Investing in this scheme will bring a profit of Rs 14 lakh in 5 years
When it comes to saving, some people stop talking because they can't save even if they want to, but if you have made a small or big investment, you get a good profit and you also save. You can invest in a cool post office scheme to make a profit. Today we will tell you how you can earn 14 lakh rupees in 5 years.
Invest in this scheme to save
The advantage of this post office scheme is
Invest for your future
What is a skim
Your age limit for opening an account in the Senior Citizens Savings Scheme should be 60 years. Only people 60 years of age or older can open an account in this scheme. In addition, people who have taken VRS i.e. Voluntary Retirement Scheme can also open an account in this scheme. If you invest an amount of Rs 10 lakh in the Senior Citizens Scheme, with an interest rate of 7.4 per cent per annum, after 5 years, the total amount of investors on maturity will be Rs 14,28,964, i.e. more than Rs 14 lakh. You are getting an interest of Rs. 4,28,964 in the form of interest.
The minimum amount for an account opener in this scheme is Rs.1000. In addition, you cannot deposit more than Rs 15 lakh in this account. In addition, if the amount to open your account is less than 1 lakh, you can open an account by giving cash. Then you have to give a check to open an account with more than one lakh rupees.
The maturity period of SCSS is 5 years, but the investor can extend the time limit if he wants. According to the India Post website, you can extend the scheme for 3 years after maturity. To extend this time limit you have to go to the post office and submit the application.
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