Invest in this scheme post office, you will earn 20,500 every month, know the complete calculator here

Everybody is supposed to save money today, in view of this period of inflation. In case you are also thinking of investing your money, then schemes run by the post office can be a much better option. There are many benefits of putting money inside a post office. First of all, being a central government-run post office, your money remains safe. Besides this, you can also make tax exemptions under section 80C in some schemes. By the way, in the post office, many types of savings schemes keep on running. Today we are going to tell you about the Senior Citizen Saving Scheme.

Most of the people make pension retirement plans during the job itself. With scarce savings, they prepare for support during old age. If you are also planning for retirement and want to get good amounts in return in terms of pension, for this you should invest in such a post office scheme which should earn Rs 20,500 every month for five years.

Post Office Senior Citizen Scheme can be the best one for pension retirement plan. This scheme is centrally run and gives more interest than any other saving scheme. Maturity for the Office Senior Citizen Scheme is five years. The most interesting thing about this small savings scheme is that it can only be taken when one crosses 60 years of age. Presently, it is at a return of 8.2 percent.

If put into the Senior Citizen Savings Scheme, an investment of Rs 30 lakh will fetch interest of approximately Rs 2.46 lakh per year. If we better it further to monthly calculations, then it is approximately Rs 20,500. There are some conditions involved in opening an account in this scheme; the person opening the account should be more than 60 years of age. However, the benefit of this scheme can also be availed of by those who are opting for voluntary retirement (VRS) between 55 to 60 years.