The new financial year has begun, and planning your tax savings early can help you avoid last-minute hassles. For senior citizens, making safe investments while also saving on taxes is crucial. If you're looking for an option that provides both security and good returns, the Post Office Senior Citizen Savings Scheme (SCSS) is an excellent choice.

Why Choose SCSS?

• Attractive Interest Rates: One of the highest among fixed-income options.
• Guaranteed Returns: Backed by the Government of India.
• Tax Benefits: Eligible for deduction under Section 80C of the Income Tax Act.
• Flexible Tenure: Investment period of 5 years, extendable by another 3 years.

How to Invest?

• Eligibility: Only for individuals aged 60 and above.
• Minimum Investment: ₹1,000.
• Maximum Investment: ₹30 lakh.
• Where to Open: Any post office or designated bank branch.

By investing in SCSS, you not only secure your retirement but also save on taxes, making it an ideal option for a stress-free future.