The post office offers many great schemes. There are some who get more interest than FD. Let us know about one such scheme, which gets more than 7 percent interest.
Post Office Scheme: Apart from being safe, post office schemes also give strong returns. There are also some schemes that get more interest than FD. Along with this, many other facilities are also beneficial. One such scheme is the “Senior Citizens Savings Scheme”. If you also want a secure and better life after your retirement, then this can be the best option for you. This scheme is offered by the post office for senior citizens.
This is the calculation
The central government also keeps updating the scheme. Recently its interest rates were increased. This scheme also gives you excellent returns with an interest rate of 7.6 per cent. Investors under this scheme can collect a fund of up to Rs 14 lakh in five years. People who are 60 years of age or above are eligible to invest in it. For this scheme, you can open your account for just Rs.1000. The maximum amount of investment is Rs 15 lakh. Investors cannot keep more than this amount in their account.
Get tax exemption
If you invest Rs 10 lakh in lump sum, this amount reaches Rs 15 lakh in 5 years with 7.6% interest rate per annum. That is, in this scheme, you get a profit of more than 4 lakhs in the form of interest. In this, the interest amount is Rs 10,000 annually. Also, tax exemption is also available on investment under “Tax Act Section 80C”. This scheme matures in 5 years. Even after maturity, investors can extend it for three years. For this you have to apply to the post office.
