Invest in this scheme after retirement, and you will earn 20500 rupees every month from interest.

For those who are working. After retirement, the biggest question for them is how their expenses will be met now. Because the salary stops. But the needs and responsibilities of life continue as before or say they increase even more. In such a situation, people often want to invest in such a place.

Where their money is safe and some income is also generated every month. If you are also looking for such a scheme after retirement, then this scheme of post office can prove to be a better option for you. Let us tell you complete information about this scheme.

Invest in this scheme of post office

If you are looking for a safe and stable income after retirement. So the Senior Citizen Savings Scheme of the Post Office can be a better option for you. You can invest up to Rs 30 lakh in this scheme. If you deposit Rs 30 lakh in lump sum from the retirement fund.

Then you will get a total interest of Rs 246000 at the rate of 8.2 percent per annum. This interest is given on a quarterly basis. That is, you will get Rs 61500 every three months. This scheme is quite reliable for earning every month after retirement. Along with this, there is no risk in it.

You will get Rs 20500 of interest every month

If you invest a lump sum of Rs 30 lakh in the Senior Citizen Savings Scheme. Then according to the current interest rate, Rs 61500 will come to your account every three months. That is, you will get about Rs 20500 directly every month. If you let this quarterly interest get deposited instead of withdrawing it. Then after five years your investment can reach about Rs 42 lakh.

How to apply for the scheme

To apply for the Senior Citizen Savings Scheme, first go to the nearest post office. From there you will get the scheme form which has to be filled and submitted along with documents like Aadhaar card, PAN card and address proof. After all the information is verified, your account will be opened. After this, interest will keep getting transferred to your account at fixed intervals.