This scheme of Post Office can make the elderly millionaires, just this small trick will have to be used.

Utility News Desk!!! Today we are going to tell you about a very wonderful scheme of the post office, which is being run especially for the elderly. The name of this post office scheme is Senior Citizen Savings Scheme. It is often seen that after retirement, many types of financial problems start troubling the elderly. In such a situation, the money you have received after retirement. You can invest it in the Senior Citizen Savings Scheme of the Post Office. You are getting tremendous returns on investment in this post office scheme. At present, you are getting 8.2 percent interest rate on investment in this scheme, which is higher than the FD rates of many banks. Apart from this, you are also getting many great benefits by investing in this scheme. In this episode, let us know about this scheme in detail-

By investing in Post Office Senior Citizen Savings Scheme, you will not face any kind of market risk. This scheme is completely safe from investment point of view. You can invest a minimum of Rs 1 thousand in this scheme. At the same time, the maximum investment limit has been fixed at Rs 30 lakh. By investing in this scheme, you also get exemption in income tax.

You can also get the benefit of tax deduction up to Rs 1.5 lakh under Section 80C of Income Tax. By investing in this scheme you get a lock in period of 5 years. It is a small savings scheme supported by the central government. Senior citizens can invest their retirement money in this scheme and get good returns on it.