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Post Office SCSS Scheme: Deposit Rs 5 Lakh and Get Quarterly Returns
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News18•13-10-2026, 14:03
Post Office SCSS Scheme: Deposit Rs 5 Lakh and Get Quarterly Returns
- •The Post Office Senior Citizen Savings Scheme currently offers an attractive annual interest rate of 8.2 percent.
- •Depositing a lump sum of Rs 5 lakh in this scheme will fetch you Rs 10,250 every quarter.
- •An investor can earn a total interest of Rs 2.05 lakh over a tenure of 5 years based on the current rates.
- •Citizens aged 60 and above can invest, with a maximum investment limit of up to Rs 30 lakh.
- •Retired individuals between 55 and 60 years of age are also eligible to open an account under specific conditions.
Key Questions Answered
The Post Office Senior Citizen Savings Scheme currently offers an attractive annual interest rate of 8.2 percent.
Investors can deposit a minimum of Rs 1,000 and a maximum of up to Rs 30 lakh in this scheme. The standard tenure of the scheme is 5 years, which can be extended by another 3 years under specific rules.
Citizens aged 60 years or above are eligible to invest in the scheme. Additionally, retired individuals aged between 55 and 60 years can also open an account under specific conditions.
