14 lakh rupees to be given in just 5 years, good returns of investment in this government scheme

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New Delhi Post Office Saving Scheme Investors are also showing interest in safe investment these days due to epidemic and slowdown in the global economy. This is why investment in gold was considered rich in the past. Apart from this, if you want to invest in a government savings scheme then you can trust a post office plan. By investing in this post office savings scheme, you can get a huge amount of in just five years.

This scheme is for retirees

The post office has actually launched this scheme for the elderly who have retired. The Senior Citizen Savings Scheme running in the post office is also safe for investment and giving good returns. The minimum age for opening an account under this scheme should be 60 years. Apart from this, those who have taken VRS (Voluntary Retirement Scheme) can also open an account under this scheme.

Return on lump sum investment of 10

If you are retired and want to invest a lump sum of your lifetime savings then these are the best investment schemes. Under this scheme, if you invest Rs 10 lakh, then after 5 years the total amount will be 1428964 at an interest rate of 7.4% per annum. At the same time an account can also be opened under this scheme for a minimum of 1000 rupees. At the same time, more than 15 lakh rupees can not be invested. The maximum investment that can be made under this scheme is five years, but the investor can also extend the time limit if he wishes.

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