Today we are going to tell you about a great scheme for post Office. The name of this scheme of the Post Office is Monthly Income Scheme. If you want to invest in a good scheme to get monthly income, then this scheme is especially for you. The most special thing about the Monthly Income Scheme of the Post Office is that in this you do not have to face the dangers of any kind of market risks. This scheme is completely safe. In this scheme, after making a lump sum investment, you get the benefit of an interest rate every month. The most important thing is that in this scheme you are getting an interest rate of 7.4 percent. In this scheme, you start getting the benefit of interest only after one month of opening an account. In this episode, let us know about this scheme in detail -
In the Monthly Income Scheme of Post Office, you can open your account by investing Rs 1 thousand. In this scheme of Post Office, you get two options to open an account. In this, under the first option, you can open a single account and in the second, you get the option to open a joint account.
By opening a single account, you can invest up to a maximum of 9 lakh rupees in this scheme. Whereas in a joint account, you can invest up to a maximum of 15 lakh rupees in this scheme. Any person above 18 years of age can invest in the Monthly Income Scheme.
If you open a single account in this scheme of the post office and invest a lump sum of 9 lakh rupees. In this case, based on the current interest rate of 7.4 percent, you will have an income of Rs 5,550 every month.
The lock-in period of the Monthly Income Scheme of the post office is 5 years. If you want to invest in this scheme, then it is necessary to have a savings account in the post office.
(PC: ISTOCK)
