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Post Office Scheme: Invest Rs 5 Lakh in This Scheme for Great Returns
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News18•15-10-2026, 12:37
Post Office Scheme: Invest Rs 5 Lakh in This Scheme for Great Returns
- •The Post Office Senior Citizens Savings Scheme currently offers an attractive annual interest rate of 8.2 percent.
- •Investing a lump sum of Rs 5 lakh in this scheme yields a quarterly interest of Rs 10,250 every three months.
- •Citizens aged 60 and above can invest, while retired individuals aged 55 to 60 can also apply under specific conditions.
- •The maturity period of the scheme is 5 years, with an option to extend it for another 3 years.
- •Interest earned from the SCSS is taxable and subject to TDS rules as applicable.
Key Questions Answered
The Senior Citizens Savings Scheme currently provides an annual interest rate of 8.2 percent. If you invest ₹5 lakh in this scheme, you will earn an interest amount of ₹10,250 every quarter, totaling ₹2.05 lakh over the 5-year tenure.
Citizens aged 60 years and above are eligible to invest in the Senior Citizens Savings Scheme. Additionally, under specific conditions, retired individuals aged between 55 and 60 years may also be allowed to open an account.
Investments in the scheme range from a minimum of ₹1,000 to a maximum of ₹30 lakh. The standard validity or maturity period of the scheme is 5 years, which can be extended for an additional 3 years according to the rules.
