If you also want to get a monthly income of 5 thousand rupees with government guarantee, then definitely read about this scheme of post office.
Every person wants to add some money to his life so that that money can be useful for him or his family in future. But most people are not able to do this, because there is often no scheme with small savings in banks.
In which we are going to tell you that the scheme of the post office in which you can give your small savings a large amount of money, which will be very useful in your future. So while not delaying, let us know which is the post office scheme and what are its benefits.
Post office in India is one such government institution where people deposit their small deposit capital under various schemes because it is with 100 percent security guarantee. The scheme we are talking about is the monthly income scheme of the post office.
If you want to invest in this scheme, then you can start investing only with the amount of 1 thousand rupees. Whatever investment you have to make in this scheme, you have to do it at a time, whether it is one thousand rupees or 9 lakh rupees. After completion of the scheme, you will get an amount of about 5 thousand rupees every month.
Under this scheme, you can open your single account or you can also open a joint account. With this, you can also open an account in your child’s name. So that when the child is above 10 years, then he can update this account and after attaining majority, he will get full ownership of this account.
The term period of this monthly income scheme of the post office is of 5 years, which can be extended after completion of the scheme i.e. after 5 years and for the next five years. In this, the post office also gives you the facility to withdraw money before the completion of the scheme but you will be charged for that.
In this monthly income scheme of the post office, you will be given interest at the rate of 6.6 percent. In which a single account holder will have to invest Rs 4.5 lakhs, after that when the plan is completed then you will get Rs 29700 extra but if this account is joint and you invest Rs 9 lakhs in it then you will get Rs 59,400 on completion of the scheme. Will get an annual interest of Rs.
Which, if we divide by 12, it sits at Rs 4950, that is, about Rs 5000. If you want to take advantage of this scheme then you can open your account by going to the nearest post office today.
