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Post Office SCSS: Invest ₹3 Lakh, Earn ₹1.23 Lakh Return in 5 Years – Full Details
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Post Office SCSS: Deposit ₹3 Lakh, Get ₹1.23 Lakh Return in 5 Years!
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News18
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05-03-2026, 09:50
Post Office SCSS: Deposit ₹3 Lakh, Get ₹1.23 Lakh Return in 5 Years!
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Senior Citizen Savings Scheme (SCSS) is a special Post Office scheme for senior citizens, offering a good investment option.
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Deposit up to ₹30 lakh once, in multiples of ₹1,000; the scheme tenure is 5 years, extendable by 3 years.
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Current annual interest rate is 8.2%, with quarterly interest payments via auto-credit or ECS facility.
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Depositing ₹3 lakh today yields a ₹1.23 lakh return after 5 years, making the total amount ₹4.23 lakh.
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TDS may apply on interest exceeding limits, but can be avoided by submitting Form 15G or 15H.
Read Full Article on News18 in Bengali
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