The Post Office offers a wide range of schemes. There are many benefits to this. Investing money in the post office also brings good returns. In the same way there is no risk. Not only that, many schemes also have a central government guarantee. If you go into full details about this scheme ..
There are many schemes in the post office . The Monthly Income Scheme is one of them. If you join this scheme, you will get a definite return every month. In this scheme you have to invest double at once. Up to Rs. 4950 per month through Monthly Income Scheme. Both spouses can also open a joint account.
If you look at how the money comes through this scheme .. up to Rs 59,400 can be earned through this scheme. You can deposit money from Rs.1000. Up to a maximum of Rs 4.5 lakh can be invested in this scheme.
So if the two join, a deposit of Rs 9 lakh can be made. If you deposit Rs 9 lakh .. Rs 59,400 per year. That comes to Rs.4950 per month. The scheme currently carries an interest rate of 6.6 per cent. This scheme is very good for retired employees and senior citizens.
