Post Office Monthly Income Scheme: Investing has become very important in today’s time. Everyone wants that their money should be invested somewhere.
So that in future, if there is a need, there is no need to beg in front of anyone. Some people invest in the stock market. Some show faith in government schemes. So some people choose options like savings account or fixed deposit.
Often people are looking for such a scheme. Where the money is completely safe and also gets good returns on it. If you are also looking for such a scheme. So this scheme can prove to be right for you. By investing in it just once, you can earn more than Rs 9000 as interest every month. Let us tell you which scheme is this and how to invest in it.
Invest in Post Office Monthly Income Scheme
Before investing, people take special care that the scheme in which they are investing is reliable and safe. Also, the investment made there should not go into loss. For this reason, many people give priority to post office schemes. A special scheme of post office is Monthly Income Scheme (MIS), in which investing not only keeps the money safe, but also gives good returns every month.
Currently you are being given 7.4 percent interest in this scheme. Its maturity period is 5 years. You cannot withdraw money from it for 1 year after opening the account. Investment in this scheme can be started with just Rs 1000.
How to invest?
This is a single investment scheme. In which the entire investment is made in one go. A maximum of Rs 9 lakh can be deposited from a single account and Rs 15 lakh from a joint account. Interest is paid every month from one month after the account is opened till maturity. Note, if you do not withdraw the interest received every month, then no additional interest is paid on that deposited interest.
You will get Rs 9250 every month as interest
If you open a joint account and deposit the maximum investment i.e. Rs 15 lakh, then according to the current interest rate of 7.4%, you will get around Rs 9250 every month as interest. You can open an account in this scheme by going to your nearest post office.