Post office banger scheme, get 14 lakh rupees in just 5 years, find out how

 Post office banger scheme, get 14 lakh rupees in just 5 years, find out how

Post Office senior citizen Monthly Income Scheme,Post office Senior Citizen scheme interest Calculator 2020

Many types of schemes are run by the post office(p.o). The Post Office runs these schemes for people of all ages, from young to senior citizens(any ages). Let us know about one such scheme.

Many types of schemes are run by the post office(p.o)

The Post Office runs these schemes with people of all ages in mind

Get Rs 14 lakh in 5 years in this scheme

Today we will tell you about a special post office scheme in which you will get Rs 14 lakh(Fourteen lakhs) in just 5 years. With this scheme you can easily become a millionaire. You can raise a fund of Rs 14 lakh through the Post Office's Senior Citizens Scheme. Investors get 7.4 per cent interest in the Post Office's Senior Citizens Savings Scheme.

Who can open an account?

You must be at least 60 years old to open an account in the Senior Citizens Savings Scheme.

Only people 60 years of age or older can open an account in this scheme.post office.

In addition, a person taking voluntary retirement can also invest in this scheme.

The maturity period of the Senior Citizen Savings Scheme is 5 years, but you can also extend it.

Under this scheme you can open an account with a minimum of Rs. 1,000.

According to the India(Bharat) Post website, you can extend the scheme for 3 years (three years) after maturity. To extend the period after maturity, the account holder has to visit the post office and apply for the same..

How to get 14 lakh rupees

If you make a lump sum investment of Rs 10 lakh in the Senior Citizens Scheme, after 5 years i.e. at an annual interest rate of 7.4 per cent (compounded) on maturity, the total amount to the investors will be Rs 14,28,964. Here you are getting a benefit of Rs. 4,28,964 as interest.

Get the benefit of tax exemption

TDS will be deducted if interest of Rs 10,000 or more is received under this scheme. However, the amount invested in this scheme is exempted under Section 80C of the Income Tax Act, 1961.

"FULL INFORMATION READ IN GUJRATI"

You can open a joint account

Under SCSS, a depositor Spouses can hold more than one account individually or jointly with their spouse. But all together the maximum investment limit cannot be more than Rs 15 lakh. Nomination facility is available while opening and closing the account.

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Post Office senior citizen Monthly Income Scheme,Post office Senior Citizen scheme interest Calculator 2020,Post office interest rates table 2021,Post office Saving scheme,SCSS scheme in post office,Post Office New Scheme 2021,Post Office Senior Citizen Scheme 2021.

Post office banger scheme, get 14 lakh rupees in just 5 years, find out how Post office banger scheme, get 14 lakh rupees in just 5 years, find out how Reviewed by Mr.Avi on August 31, 2021 Rating: 5

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