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Post Office's Amazing Scheme: Earn 17,000 Monthly – Here's How
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Post Office Senior Citizen Scheme: Earn 17,000 Monthly with Zero Risk!
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News18
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17-03-2026, 13:37
Post Office Senior Citizen Scheme: Earn 17,000 Monthly with Zero Risk!
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The Post Office Senior Citizen Saving Scheme (SCSS) offers a guaranteed monthly income, ideal for retirees seeking fixed returns without risk.
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It provides an attractive interest rate of 8.2%, higher than many FDs, with investments guaranteed by the government.
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Investment starts from Rs 1000, with a maximum limit of Rs 30 lakh. Tax exemption up to Rs 1.5 lakh under Section 80C is available.
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Individuals aged 60+ can open an account; age relaxations apply for VRS takers (55-60) and retired defense personnel (50-60).
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To earn Rs 17,000 monthly, an investment of Rs 25 lakh in a joint SCSS account yields Rs 51,250 quarterly interest for 5 years.
Read Full Article on News18 in Marathi
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