Earn Rs. 20,000 Monthly: Government's Senior Citizen Savings Scheme Offers High Returns

• The Senior Citizen Savings Scheme (SCSS) is a government-backed scheme offering a steady monthly income.
• Eligible for Indian citizens aged 60 and above, with exceptions for VRS (55+) and defense personnel (50+).
• Investments range from Rs. 1,000 to Rs. 30 lakhs, with a current interest rate of 8.2%.
• Investing Rs. 30 lakhs can yield over Rs. 20,500 per month, deposited quarterly.
• Offers tax benefits under Section 80C; TDS applies if interest exceeds Rs. 1 lakh annually, but can be avoided with Form 15H.