Post Office Monthly Income Scheme: If you want to start investing money from this Diwali, then you can invest your money in the Post Office Monthly Income Scheme. You can earn good profit by investing in this scheme.
If you want to earn good profits by investing your money, then you can invest your money in the post office scheme, there is no risk in investing money in the post office scheme and you also get a very good interest on your invested money. In such a situation, if you also want to start investing money from this Diwali, then you can invest your money in the Post Office Monthly Income Scheme.
Post Office Monthly Income Scheme
In the Post Office Monthly Income Scheme, you get 7.4 percent interest on the money invested. You can start investing in the scheme with just Rs 1000. The maturity period of this scheme is 5 years. An investor investing in the scheme can invest up to Rs 9 lakh in it.
This is how you will get a profit of 5000 every month
If you invest Rs 9 lakh in the Post Office Monthly Income Scheme, you will get interest at the rate of 7.4 percent annually. In such a situation, if calculated, you will get a profit of Rs 5,550 every month. If you invest Rs 5 lakh in this scheme, you will get a profit of Rs 3,084 every month.
What will happen if you close the scheme in between
Let us tell you that if you invest money in this scheme for 5 years, then you cannot close it before 1 year. If you close it before 3 years, then you will get interest at the rate of only 2 percent. On the other hand, if you close it after 3 years or before 5 years, you will get interest at the rate of only 1 percent.
