Saving money is everyone’s dream, while many questions keep coming to our mind about saving money, like what kind of scheme can we choose to save better. Today we are going to give you important information about that.
The country’s general budget – 2023 was presented by Finance Minister Nirmala Sitharaman on February 1, 2023. At the same time, many new schemes have been announced in this budget and major changes have been made in many schemes, along with this, the limit of deposit money in the Monthly Income Scheme has been doubled. At the same time, according to this new update, the investment amount in the Post Office Monthly Income Scheme will be doubled directly, where instead of Rs 4.5 lakh in a single account, you will be able to invest Rs 9 lakh. At the same time, today we are going to give you important information about Post Office Monthly Income Scheme, so that you will get complete information about it.
This is how Post Office Monthly Income Scheme will work
Under this scheme of Post Office, till now you make a maximum investment or deposit of Rs 4.5 lakh on the basis of 7.1% interest rate. If we look at it as an example, then based on the calculation of 7.1% interest rate on Rs 4,50,000 for 5 years, there is an income of Rs 2662 every month. Now according to the new update, when you invest Rs 9 lakh in it, you will get an income of Rs 5324 every month. At the same time, it has been announced in Budget-2023 that investments ranging from Rs 9 lakh to Rs 15 lakh can be made in it.
So many people can open account in this scheme
Now in Post Office Monthly Income Scheme, not only single but also joint and 3 people can open the account together. On the other hand, if a minor wants to open this account, then his guardian will be able to open his account on his behalf.
Post Office Monthly Income Scheme is for so many years
Let us tell you that in this monthly scheme of post office, investment is done for 5 years, after which if anyone wants, he can close this account. Along with this, if the account holder dies before maturity, then this account can be closed automatically, while after this its amount is handed over to the nominee or legal heir.
