Post Office Scheme: Do you also want you to get extra income from salary every month? If you are looking at the investment option for regular income, then the post office monthly income scheme can help you. Because your money will remain safe in this and 9,250 rupees will continue to come in the house every month. After 5 years, your original i.e. all the money will be returned. If you also want to invest your earnings in such an investment, where money is safe and fixed income every month, then this government scheme of the post office can be a best option for you.
What is Post Office Monthly Income Scheme (POMIS)?
This is a government guarantee scheme, in which once the money is deposited together, the amount is fixed as interest every month. The most important thing about this scheme is that the investment in it is completely safe and the interest rate is already fixed.
Who can open an account?
Any person above 18 years can open an account in this scheme.
Account personal or joint can be opened.
The joint account can be up to three people.
Parents can also open an account in the name of a child 10 years or older.
Interest rate and investment limit
This scheme is getting 7.4% annual interest rate.
A maximum of Rs 9 lakh can be invested in a single account.
A maximum of Rs 15 lakh can be invested in Joint Account.
The period of the scheme is 5 years, that is, the money will remain lock for 5 years.
The first one year is not allowed to withdraw money.
How much will income be every month?
If you invest 9 lakh rupees, then you will get an interest of about 5,500 rupees every month.
If you deposit Rs 15 lakh in a joint account, then there will be an income of about Rs 9,250 every month.
On completion of 5 years, you get the entire deposit amount back. If you want, you can invest it again.
Why invest in this scheme?
This scheme is very useful for the elderly or from jobs. Because their money remains safe and income is available every month. For those who do not get pension, it can become a source of a certain income every month. There is no risk in this scheme as the government is running this scheme.