The Post Office has introduced a new income-focused scheme for senior citizens that promises a steady monthly earning of up to ₹20,500, allowing retirees to generate income from home. The initiative is gaining attention for its simplicity, safety, and government backing, making it appealing to risk-averse seniors.
How the Monthly Income Works
The scheme is structured around a fixed investment that generates assured monthly payouts over a defined tenure. Instead of market-linked returns, the income is calculated using predetermined interest rules, offering predictability and stability. Payments are credited directly to the beneficiary’s account, ensuring hassle-free access to funds.
Eligibility and Enrollment Process
Senior citizens aged 60 years and above are eligible to apply. Enrollment requires basic KYC documents and a one-time investment at a post office. Once the account is active, monthly income begins as per the selected option, allowing seniors to manage household and medical expenses without relying on external support.
Why Seniors Are Showing Strong Interest
With rising living costs and uncertain market conditions, many retirees prefer guaranteed income options. This scheme stands out because it combines regular monthly earnings, capital safety, and ease of management, all under a trusted government institution.
What to Know Before Investing
The actual monthly amount depends on the investment size and tenure chosen. Seniors are advised to understand payout terms and maturity conditions before committing funds, ensuring the scheme aligns with long-term financial needs.
