look news india
This article tells about a highly beneficial investment scheme for senior citizens. Especially, these government savings schemes, such as Senior Citizen Savings Scheme – SCSSFocus on. These schemes provide much good interest rates compared to the general bank fixed deposits (FD).
According to the article, if a senior citizen in the right scheme About 29-30 lakh rupees Invested and it Annual interest rate of about 8.5% If you get it only as interest in a period of 5 years Around ₹ 12.3 Lakh Can earn
How does this work?
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interest paid: Interest in this scheme is usually deposited in your account every three months (quarterly), which keeps you a source of regular income.
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Duration: The original period of this scheme is 5 years, which can also be extended.
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Benefit: This is a great option for senior citizens who want a safe and stable income after retirement. It not only protects their savings, but also helps in defeating inflation and earning well.
The scheme provides a great way of safe investment and better returns, making senior citizens more comfortable.