Post Office High Return Schemes: Instead of 4.5 lakh rupees, you can directly invest 9 lakh rupees in this post office scheme. In this scheme the income will be Rs 5,324 per month. Let’s know about this scheme…
Post Office Monthly Income Scheme: The amount of investment in Post Office Monthly Income Scheme has been directly doubled. Whereas earlier, instead of Rs 4.5 lakh in an account, you can directly invest Rs 9 lakh. Let’s know important information about Post Office Monthly Income Scheme today…
How the Post Office Monthly Income Scheme will work
Under this Post Office scheme, earlier you could invest a maximum of Rs 4.5 Lakhs at an interest rate of 7.1% till date. That is, a deposit of Tk 4,50,000 earns Tk 2,662 per month based on interest at the rate of 7.1% for 5 years. Whereas now as per the new update, when you invest Rs 9 lakh in this sector, you will get Rs 5,324 income per month. On the other hand, the last Union Budget 2023 announced that Rs 9 lakh to Rs 15 lakh can be invested in the Post Office Monthly Income Scheme.
Who can open an account in the scheme?
In Post Office Monthly Income Scheme, now not only single but also joint and 3 people can open account together. On the other hand, if a minor wants to open this account, his guardian can open the account on his behalf.
How many years can one invest in Post Office Monthly Income Scheme?
Investment in this post office monthly scheme is for 5 years, after which one can close this account if he wants. Also, if the account holder dies before maturity, the account can be closed automatically and thereafter the money is transferred to the nominee or legal heir of the account.
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