You may have noticed that nowadays everyone invests money so that it doubles in the future. If you're planning to invest your savings in a place that not only ensures safe investment but also offers excellent returns, you can invest in small savings schemes run by the Post Office. One of these is the Post Office Monthly Income Scheme, which guarantees regular income. This scheme requires a one-time investment. 

The government is offering excellent interest rates
under this scheme, offering interest rates of 7.4%, paid monthly. You can open an account under this government scheme with an initial investment of just ₹1,000. You can also open a joint account. You can apply by visiting your nearest post office and submitting the required documents.

How much can you invest in a lump sum?
Regarding the limits under this Post Office MIS account, which guarantees monthly income, an individual can invest a maximum of ₹9 lakh in a single account and ₹15 lakh in a joint account. After this, you will start receiving interest income. The maturity period for this scheme is 5 years.

PC- informalnewz.com