Senior Citizen’s Savings Scheme by Post Office /Designated Banks

Senior Citizen's Savings Scheme by Post Office /Designated Banks

Article Summary…..

Senior Citizen's Savings Scheme by Post Office /Designated Banks

This is the best investment in safe investments for retired individuals, backed by the surety of the Government.In India this is a Central Government sponsored scheme, which is provided by Post Office and designated branches of banks.
◿Post Office.
◿State Bank of India-SBI.

What are the benefits of SCSS?

This gives you an opportunity to get regular income after retirement for your necessity. It gives you 9.2 % annual return paid in 4 equal parts on quarterly basis.
This product is for 5 years and total 15 lacs can be invested in one name and 30 lacs in joint name, in Post Office or designated branch of banks.

Is there any Tax benefit?

Investment up to 1 lac qualifies for the deduction of income. The returns from the scheme are taxable in the hands of individuals.

Is it suitable for individuals?

No plan is good or bad, only the situation of individual decides whether he or she should buy the product or not.

You should not buy any plan without planning your need at retirement. This plan gives you money for expenses and hardly adds any value to your purchasing power.
By the end of the term of this product your capital loses its purchasing power by 32% if inflation for the period remains at 8% for you. Investment without knowing your need you can have income for some time but with passing passage of time the amount will be insufficient for you.

The answer is comprehensive customized life planning, this makes you plan your life with approximately all the domains of life with long horizon.

To carry out all your responsibilities you need to plan your life.

YearsYour Investment in RsAnnual Return @ 9%InflationYour expensesyour surplus
This year15000001350008%12000015000
After 3 years15000001350008%151166?
After 5 years15000001350008%176319?
Anil Kumar
Anil Kumar
2021-07-12
Thanks from bottom of my heart to Mr. Viplav Majumdar and his team for making such an amazing program
Rahat Jahangeer
Rahat Jahangeer
2021-07-12
I want to recommend this platform to each and every person I know.
Anmol Panday
Anmol Panday
2021-07-12
This is really a mission that Mr. Viplav Majumdar and his team is doing, Because 95% people don't know about this and the rest 5% wealthy people who know about this are not worried about others.
Raj Singh
Raj Singh
2021-07-12
Planyourworld gave me new avenue to explore to streamline my income
Vikram Choudhary
Vikram Choudhary
2021-07-12
Planyourworld has helped on financial plan & how to take care of money plan towards untoward incidents in life.
Manish Nagar
Manish Nagar
2021-07-05
I went through the ebook, I haven’t seen that any advisor tells these things to us
Faizul Khan
Faizul Khan
2021-07-05
I needed some more from Viplav, if he could check my things personally. Later I realised he wants us to learn, so I can do it on my own.
Sudhanshu Singh
Sudhanshu Singh
2021-07-05
I never saw a complete package at this cost. I might have easily paid 25k for this
ankush choudhary
ankush choudhary
2021-07-05
I am already getting my passive income, still enrolled, I know I didn’t know anyone who is interested in me, Viplav and his team really helped me
Nevermore
Nevermore
2021-07-05
The entire package is awesome, I am using it I am satisfied.

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