SCSS: Income of Rs.40,000 per month for senior citizens.. See how! – Senior citizen couples can earn up to 40000 rupees per month with the recent hike in deposit limit for scss

Senior Citizen Savings Scheme, a small savings scheme, has been introduced to benefit senior citizens. In the budget tabled on February 1, the government has also increased the investment limit in the Senior Citizen Savings Scheme. Currently, the beneficiaries of the Senior Citizen Savings Scheme are getting 8% interest. According to this, senior citizens who have reached the age of 60 can earn income up to Rs 40,000 per month by investing in the Senior Citizen Savings Scheme together with husband and wife.

Currently an individual can invest a maximum of Rs 15 lakh in the Senior Citizen Savings Scheme. In this case, in the budget presented on February 1, the government has announced that the maximum investment in the Senior Citizen Savings Scheme can be up to 30 lakh rupees.

According to this, from April 1, 2023, an individual can invest a maximum of Rs 30 lakh in the Senior Citizen Savings Scheme. People above 60 years of age can invest in Senior Citizen Savings Scheme. Apart from this, retired government employees can invest after crossing 55 years of age and retired army personnel after crossing 50 years of age.

They can no longer go to the post office and open an account in the Senior Citizen Savings Scheme and deposit up to a maximum of Rs 30 lakh. So, 8% interest means an interest income of Rs 60,000 per quarter. 20,000 rupees per month at the rate of three months per quarter can be calculated.

That is, if a senior citizen husband and wife above 60 years of age both deposit Rs 30 lakh each in the Senior Citizen Savings Scheme, they will get a total income of Rs 20,000 each for a total of Rs 40,000 every month.