Discover the Post Office Senior Citizen Saving Scheme, a secure and government-backed investment option offering attracive interest rates and tax benefits. Learn how to open an account, maximize your savings, and ensure a comfortable future for senior citizens. 

1. Interest Rate Flexibility: While the current interest rate is 8.2%, it's important to note that the interest rate may vary from year to year. The government periodically reviews and adjusts the interest rates to align with prevailing market conditions.

1. Nomination Facility: The scheme offers a nomination facility where the account holder can designate a nominee. In the unfortunate event of the account holder's demise, the nominee will receive the entire amount invested, ensuring the continuity of financial benefits for the family.

1. Joint Account Option: Both husband and wife can jointly apply for the Senior Citizen Saving Scheme and open a joint account. This feature allows couples to pool their resources and maximize their investment potential while enjoying the benefits of the scheme together.

Investing in the Senior Citizen Saving Scheme offers tax exemption benefits under Section 80C of the Income Tax Act. Account holders can claim a tax deduction of up to ₹1.5 lakh per year, reducing their overall tax liability 

1. Safe and Secure Investment: The scheme is backed by the Indian government, providing a high level of security for the invested funds. Senior citizens can have peace of mind knowing that their hard-earned money is in a safe and reliable investment avenue. 2. Regular Interest Payouts: Interest earned through the scheme is credited to the account

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