Post Office Scheme: Invest in THIS scheme and get Rs 4,950 every month

New Delhi:

Do you believe that investing in post office schemes is more secure and beneficial? If yes, then you’ve come to the right place. If you want a monthly income guarantee, you can invest in the Post Office Monthly Income Scheme. By placing a lump sum amount into this scheme, guaranteed income is obtained every month. Also, your money is also completely protected in this way. 

Let us explain how you can earn Rs 4,950 per month by investing in this scheme.

Working-class individuals are currently increasingly anxious about their pensions. As a result, they should continue to look for investment options that can supplement their pension once they retire. In such a circumstance, the post office’s monthly income scheme may be a preferable option. This post office scheme would pay you roughly Rs 5,000 per month and relieve your financial worries.

The monthly income account of the post office requires only one investment. It takes five years to attain maturity. That is, after five years, you will have a monthly income that is guaranteed. With a minimum deposit of Rs 1,000, this account can be created at any post office branch.

How much you have to invest?

This scheme requires a minimum investment of 1,000 rupees. The maximum amount that can be invested in a single account is Rs 4.5 lakh, and the maximum amount that can be invested in a joint account is Rs 9 lakh. In a joint account, each account holder has an equal share.

How much interest can you earn?

You can earn 6.6 percent per year on your investment in this post office scheme. This rate of return is greater than the amount deposited or fixed in the savings account. Every month, the customer receives interest on their investment under this scheme.

Every month, you will receive Rs 4,950

At the moment, an investment in this scheme earns an annual interest rate of 6.6 percent. A single account holder can invest up to Rs 4.5 lakh and earn Rs 29,700 per year in interest. A single account holder will receive Rs 2,475 in interest per month in this manner. At the same time, the joint account holder will earn Rs 59,400 per year on a Rs 9 lakh investment. As an example, if you open a joint MIS account at the post office and invest Rs 9 lakh, you will receive Rs 4,950 per month.

Understand the maturity period

After five years of opening a monthly income account with the post office, you can close your account by submitting an application in the prescribed format to the relevant post office. If the account holder dies before the investment matures, the investment amount is returned to the nominee.


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