Senior Citizen Saving Scheme: This much return will be available on investment from Rs 1 lakh to Rs 15,00000 in SCSS

Any person accumulates a retirement fund for himself by working hard throughout his life, so that when his body is not able to work hard, the retirement fund can become his support. But it is also important to invest this retirement fund somewhere, so that you get the benefit of interest and the amount keeps increasing. Senior Citizen Saving Scheme (SCSS) is specially designed for such people.

Good interest is being given in this scheme run by the government for senior citizens. At present interest is being given on it at the rate of 8.2 percent. Any person who is 60 years of age or above can invest in this scheme. Apart from this, people in the age group of 55-60 years who have taken VRS and retired defense personnel, whose age is minimum 60 years, can invest in this scheme.

You can invest up to Rs 30,00,000

Investment in SCSS can be started from Rs 1000 and can be invested up to a maximum of Rs 30,00,000. Earlier the maximum investment limit was Rs 15 lakh. The amount deposited matures after 5 years from the date of account opening. The amount deposited matures after 5 years from the date of account opening. Interest is given on the deposited amount on quarterly basis. Apart from this, tax benefits are also available in Senior Citizen Savings Scheme.

How much return on investment of Rs 1 to 15 lakh in 5 years?

• If you invest Rs 1,00,000, you will get Rs 1,41,000 on maturity.
• If you invest Rs 2,00,000, you will get Rs 2,82,000 on maturity.
• If you invest Rs 3,00,000, you will get Rs 4,23,000 on maturity.
• If you invest Rs 4,00,000, you will get Rs 5,64,000 on maturity.
• If you invest Rs 5,00,000, you will get Rs 7,05,000 on maturity.
• If you invest Rs 6,00,000, you will get Rs 8,46,000 on maturity.
• If you invest Rs 7,00,000, you will get Rs 9,87,000 on maturity.
• If you invest Rs 8,00,000, you will get Rs 11,28,000 on maturity.
• If you invest Rs 9,00,000, you will get Rs 12,69,000 on maturity.
• If you invest Rs 10,00,000, you will get Rs 14,10,000 on maturity.
• If you invest Rs 11,00,000, you will get Rs 15,51,000 on maturity.
• If you invest Rs 12,00,000, you will get Rs 16,92,000 on maturity.
• If you invest Rs 13,00,000, you will get Rs 18,33,000 on maturity.
• If you invest Rs 14,00,000, you will get Rs 19,74,000 on maturity.
• If you invest Rs 15,00,000, you will get Rs 21,15,000 on maturity.