In the monthly income scheme of the post office, you get a maca of big earning every month.
Post Office Monthly Income Scheme: There are many benefits to investing in the post office scheme. The reason for this is that there is no risk to any kind in it. Money is also guaranteed in this. There are various small savings schemes of the post office, which provide better returns. Similarly, the Post Office Monthly Income (POMIS) is also a better scheme. You will have a fixed income every month. The biggest thing is that through this scheme you can earn guaranteed profits.
Know what is the scheme
In the Post Office Monthly Income Scheme, anyone over 10 years of age can open their account. You can deposit at least Rs 1,000 and maximum Rs 4.50 lakh. If your account is a joint account, you can deposit up to Rs 9 lakh in it. The scheme can be extended every 5 years to the next 5 years. That is, this scheme can become a source of income for you for a long time. It gets 7.5 percent annual interest.
Benefits of the scheme
By the time this scheme runs, you will have fixed income every month. After closing the scheme on maturity, your total investment will be given back to you. Under the scheme, banks get better returns than FDs. If you do not withdraw the monthly money, it will remain in your post office savings account and by adding this money along with the principal, you get further interest.
