Post Office Scheme: Many government schemes are being run by the Post Office. This also includes the monthly income scheme of the post office. Post Office Monthly Income Scheme is quite popular across the country.
This scheme of Post Office is suitable for those people who want to get regular income on their savings. This scheme of post office is completely safe. There is no loss of any kind on investment in this.
You get many benefits by investing in Post Office Monthly Income Scheme. At present, by investing in the Monthly Income Scheme, you are getting an interest rate of 7.4 percent. Let us know about this scheme in detail.
For information, let us tell you that in this scheme of Post Office, both single and joint account can be opened. In joint account, three people together can open their account in this scheme.
If you invest in the post office scheme along with your wife, then in this situation you can invest a maximum of Rs 15 lakh. If you invest Rs 15 lakh under joint account.
In such a situation, you will invest Rs 1.11 lakh annually at an interest rate of 7.4 percent. You will receive Rs 9250 monthly. A person of 18 years of age or above can invest money in the Post Office Monthly Income Scheme.
In this post office scheme, you can open an account by making a monthly investment of only Rs 1,000. If you want to get regular income on your savings, then you can open your account in this scheme of Post Office.
Talking about tax benefits, investors also get tax benefits in the Post Office Monthly Income Scheme. This tax benefit is available under Income Tax Act 80C. In this, tax benefit is given on investment and the amount received on maturity after investment.
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