The highest interest is being received in this scheme of Post Office, money will be made with guaranteed returns
For those who believe in investment without taking risks, the post office two savings scheme- Senior Citizen Savings Scheme and Sukanya Samriddhi Yojana are such that the maximum interest is being offered. Investment in the senior citizen saving scheme of the post office gets 8.20 percent interest which is calculated and paid at every quarter. Apart from this, there is Sukanya Samriddhi Account Scheme of Post Office on which 8.20 % interest is being offered annually.
Who can open the account
A person above 60 years of age can open an account under the Senior Citizen Saving Account Scheme. Also, retired citizens of more than 55 years, but also retired citizen employees can invest in this scheme, provided retirement benefits are invested within 1 month from the date of getting retirement benefits. Retired defense employees above the age of 50 years are also eligible if they also invest within a month of retirement benefits.
Sukanya Samriddhi account parents of the post office can open this account in the name of their daughter under 10 years of age. An account can be opened in any one place in India- either post office or bank in the name of a girl. Accounts can be opened only for a maximum of two daughters in a family.
Understand the returns of both
According to the official website of India Post, if you will pay Rs 205 as an interest in the quarter on investment in the Senior Citizen Savings Scheme of the post office as an interest of Rs 205 in the quarter. On the same amount, you will get a total interest of ₹ 4,100 (after five years). Apart from this, suppose you will get 1 lakh rupees outright in this scheme, then you will get ₹ 41,000 at the level on maturity.
Returns on investment in Sukanya Samriddhi Scheme of Post Office can be understood by an example. If the daughter’s age is 10 years in 2025 and invests Rs 1 lakh annually, then according to calculation, you will get a total amount of ₹ 47,88,079 on maturity i.e. 2046. That is, you invest ₹ 15,00,000 and you get ₹ 32,88,079 as returns.
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