New scheme of post office
No matter what your monthly earnings are. Lakh, two lakh or Rs 10 lakh. What matters most is how much money you have left at the end of the month or how much money you are able to invest. Because your savings become your support in times of trouble. Actually, there are many ways to invest in the market, in which you can earn profits by investing money. In this news, we are going to tell you about the Post Office Monthly Income Scheme scheme related to investing in Post Office, in which you can get fixed returns even by depositing just Rs 1,000 per month.
Post Office Monthly Income Scheme (POMIS) is a secure government scheme, in which you can deposit money and earn fixed interest every month. This is the right option for those who want regular income without risk. This mainly includes the elderly, pensioners or housewives.
minimum investment
Investment in this scheme can be started with a minimum of Rs 1,000. A maximum of Rs 9 lakh can be deposited in a single account and up to Rs 15 lakh can be deposited in a joint account. If a person deposits Rs 9 lakh in a single account, then at 7.4% annual interest, he will get approximately Rs 5,550 every month. By investing Rs 15 lakh in a joint account, you will get monthly interest of around Rs 9,250. The duration of the scheme is 5 years. Money cannot be withdrawn during this period, but if needed, partial withdrawal is allowed with certain conditions. There is no tax benefit in the scheme, but due to the government guarantee, it is considered completely safe.
How to take advantage?
Above we told about the information related to the scheme. Now let us understand how we can take advantage of it. To open an account in this scheme, you have to go to the nearest post office and submit the necessary documents. The specialty of this scheme is that there is no hidden fee and the investor’s money remains completely safe. This is a great option for those who want to avoid stock market risk and want fixed income every month.