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POMIS: Guaranteed income of Rs 5000 every month in this scheme of Post Office, do this work

Post Office Monthly Saving Scheme: The investment limit in Post Office Monthly Saving Scheme (POMIS) has also been increased. Earlier the investment limit for individual account holders was Rs 4.5 lakh, which has been increased to Rs 9 lakh.

Post Office: There are many saving schemes in the post office for every age and class, which are very popular among the people. In this, along with the security of the money invested by you, you also get strong returns. One such scheme is the Post Office Monthly Income Scheme, which guarantees income to the investor every month.

Interest is available at the rate of 7.4%

The returns in this monthly income scheme of Post Office are also excellent. From July 1, 2023, the interest on investment has been increased to 7.4 percent. The most important thing about this scheme is that by investing in it, the tension of your income every month ends. The maturity period of this government scheme is 5 years and money cannot be withdrawn from it until one year after the account is opened. In this, you can open an account with just 1000 rupees.

You can invest up to Rs 9 lakh

The government has also increased the investment limit for account holders investing under the Post Office Monthly Savings Scheme (POMIS). Earlier the investment limit for individual account holders was Rs 4.5 lakh, which has been increased to Rs 9 lakh. If we talk about joint account, then the maximum limit for it has been increased from earlier Rs 9 lakh to Rs 15 lakh. This increase in investment limit is effective from April 1, 2023. Once invested, you can arrange for fixed income every month under this scheme.

Investors are getting more benefits by increasing the investment limit in this scheme. As mentioned, you cannot close the account for one year after opening it. Whereas if you close the Post Office Monthly Income Scheme account before three years, then a charge of 2 percent is applied, whereas if you close the account after 3 years and before 5 years, a charge of 1 percent is applied. A charge of Rs.

This is the calculation of monthly income

In this scheme of Post Office, income is guaranteed every month from lump sum investment and if you calculate the income every month, then if you invest Rs 5 lakh in it for five years, then you will get the rate of 7.4 percent. According to the interest received from it, there will be an income of Rs 3,084 every month. Whereas if we look at the maximum limit of individual account holder i.e. Rs 9 lakh, then the monthly income will be Rs 5,550. Apart from monthly, you can also take this interest income on quarterly, half yearly or yearly basis.

How to open an account in the nearest post office

Opening an account under Monthly Income Scheme (MIS) is very easy. For this you can visit your nearest post office and submit the application along with necessary documents to the post office. Applicants can collect the account opening form from the post office and submit it along with KYC form and PAN card. In case of joint account holders also KYC documents have to be submitted. Meanwhile, keep in mind that while filling the form at the time of opening the account, all the information should be entered correctly.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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