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Post Office Jackpot Scheme: Get Rs. 20,000 Monthly Returns
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News18•10-10-2026, 10:21
Post Office Jackpot Scheme: Get Rs. 20,000 Monthly Returns
- •The Post Office Senior Citizens Savings Scheme (SCSS) offers a steady income for retirees without market risks.
- •The scheme currently provides an attractive annual interest rate of 8.2 percent, higher than standard Fixed Deposits.
- •A maximum investment of Rs. 30 lakh yields an annual interest of Rs. 2,46,000, translating to Rs. 61,500 every three months.
- •Your principal amount remains completely safe and is unaffected by stock market fluctuations.
- •Investments qualify for tax exemption up to Rs. 1.5 lakh under Section 80C of the Income Tax Act.
Key Questions Answered
The Post Office Senior Citizens Savings Scheme (SCSS) currently offers an attractive annual interest rate of 8.2 percent, which is higher than typical Fixed Deposits.
You can invest a minimum of Rs. 1,000 up to a maximum of Rs. 30 lakh in the SCSS scheme. The earned interest is credited directly to your account every three months.
The maturity period of the SCSS scheme is 5 years, which can optionally be extended. Applicants generally must be at least 60 years old, though retired employees aged 55 to 60 under special circumstances are also eligible.
