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Senior Citizen Schemes: For senior citizens, the central government has started two schemes, under which the government gives annual interest on investment. There is no risk of money in this scheme. These two schemes are Senior Citizen Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY).
Finance Minister Nirmala had increased the maximum deposit limit of Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh during the Union Budget, this increase is effective from 1 April. The latest interest rate for this scheme is 8 per cent. On the other hand PM Vaya Vandana Yojana is valid till 31 March 2023. This is a pension scheme and up to Rs 15 lakh can be invested in it.
Benefits only for those over 60 years of age
There will be a maturity of 10 years under PM Vaya Vandana Yojana. Both these schemes are for citizens above 60 years of age. Let us know how you can earn more profit from your portfolio by investing in both these schemes and what you have to do for this.
how to earn more income
If you want to earn good profit in old age without risk, then you should invest in PM Vaya Vandana Yojana before 31st March. Under this scheme, you can avail pension every month on an investment of 15 lakhs. 7.4 percent interest will be given in this. In such a calculation, the annual profit for 10 years will be Rs 1.11 lakh.
At the same time, under the Senior Citizen Savings Scheme, an investment option of up to Rs 30 lakh has been given from April 1 and the annual income will be more than Rs 2 lakh for 5 years at 8 percent interest. In such a situation, the benefit of up to Rs 3.5 lakh per annum can be availed from both the schemes. Experts believe that by investing maximum in both these schemes, you can earn good income annually.
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