
Post Office's Senior Citizen Savings Scheme (SCSS) is an excellent option to get a secure and regular income after retirement. The scheme currently offers an interest rate of 8.2%, which can earn up to around ₹17,000 per month on an investment of ₹25 lakh.
Best plan for financial security after retirement
Everyone dreams of a comfortable and worry-free post-retirement life. For that, a plan is needed in which the investment is safe and also gets a decent return. India Post's SCSS scheme satisfies both these requirements, hence it has become very popular.
Full Government Guarantee with 8.2% interest
The biggest feature of this scheme is that the investment made in it is fully protected by the government. Currently this scheme offers an annual interest rate of 8.2%, which is higher than normal bank FD.
Investment limits and tax benefits
- Minimum investment: ₹1,000
- Maximum investment: ₹30 lakh
- Tax exemption up to ₹1.5 lakh available under Section 80C of the Income Tax Act
Who can invest in this scheme?
- Persons 60 years of age or older
- A joint account can be opened with a spouse
- People over 55 years of age taking VRS
- Defense personnel above 50 years of age
5 years tenure and regular interest income
The duration of this scheme is 5 years, which can be extended for another 3 years. Interest is paid every three months (quarterly), thus providing regular income.
Rule on Premature Withdrawal
If the account holder withdraws before 5 years, penalty is applicable. But in case of death of the account holder, the entire amount is given to the nominee.
How to get ₹17,000 a month on ₹25 lakh?
If you invest ₹25 lakh:
- Interest every three months: Around ₹51,250
- Average Monthly Income: Around ₹17,000
Thus, SCSS scheme can be a strong option for regular and secure income after retirement.
Deposit Rs 2,00,000 in Post Office and get interest of Rs 89,990

























