Post Office SCSS: Zero Risk, ₹17,000 Monthly Income, Tax Benefits & More!
Post Office SCSS: Zero Risk, ₹17,000 Monthly Income, Tax Benefits & More!
- •Post Office SCSS offers a zero-risk investment with government guarantee, ideal for retirement planning.
- •Earn a high interest rate of 8.2%, surpassing many bank FDs, with investments starting from just ₹1,000.
- •Benefit from tax exemption up to ₹1.5 lakh annually under Section 80C of the Income Tax Act.
- •Age limit for investment is 60+ years, with relaxations for VRS applicants (55-60) and retired defense personnel (50-60).
- •Invest ₹25 lakh to earn ₹17,083 per month, with a 5-year maturity period and quarterly interest payments.