Try this option to make a safe investment after retirement, you will get bumper returns

Save Investment After Retirement: Retirement is one of the major phases for every salaried person in life. Every person wishes that life after retirement should be spent comfortably. You want to lead a comfortable life free from the responsibilities of family and children. But, for this it is very important to do proper financial planning. Without proper financial planning, you cannot enjoy retirement well. Most of the senior citizens do not want to invest money after retirement in any scheme which is too risky. He wants him to invest money in such a scheme, which reduces the risk of drowning money with better returns.

If you also want to know about some such scheme, then we have brought you the option of Retirement Planning. These are two post office schemes using which you can get better returns. Along with this, the risk of drowning your money remains negligible because the government is responsible for the money in this. So let’s know about those schemes in which you can make safe investment after retirement by investing money-

Senior Citizen Saving Scheme (Post Office Senior Citizen Scheme)

• Senior Citizen Saving Scheme is such a scheme of Post Office SSC which has been specially designed for senior citizens.
• The age of the person should be more than 60 years to invest in this scheme.
• You can invest a small amount as low as Rs 1000 and a maximum amount up to Rs 15 lakh.
• There is a lock-in period of five years.
• If you get about 7.4 percent annual interest rate (Rate of Interest Post Office SSC), many banks are more than FD.
• On investment, you do not get any tax on deposits up to Rs 5 lakh under Section 80C of Income Tax.

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Monthly Income Scheme

• The Monthly Income Scheme is also operated by the Post Office.
• This scheme is very beneficial scheme for senior citizens because once you invest retirement money in it, you get a fixed amount every month.
• Income tax exemption is also available up to 5 lakhs
• You can deposit up to Rs 5 lakh in a single account. Where there is a joint account, then you can deposit a maximum of Rs 9 lakh.
• Gets an interest rate of 6.6 percent
• Deposit amount is not taxable but interest earned during maturity period of 5 years is taxable
• By investing in this scheme, you get a fixed return which is not affected by the market rates at all.

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