Post Office Scheme: There has been a mutiny among the people due to the schemes of the post office. People are getting a lot of benefit from the post office scheme. These schemes have been made for all classes of people. Due to which everyone is getting bumper returns. It is made according to the need of the customers. In this article, we are going to tell you about such a post office scheme in which you get guaranteed returns every month on investing. The name of this scheme is Post Office Monthly Income Scheme.
Let us tell you that the Post Office Monthly Income Scheme is a government-backed scheme, in which you will get a fixed amount every month by investing. After which your income tension will end. This scheme is a kind of pension scheme. Which gives pension amount to people at the time of retirement.
Currently, interest at the rate of 7.4 percent is being given on quarterly basis in the Post Office Monthly Income Scheme. The maturity period of this scheme is 5 years. In such a lump sum investment, you will continue to get a fixed amount every month for 5 consecutive years. Under this scheme, you can invest a maximum of Rs 9 lakh in a single account, while in a joint account you can invest up to Rs 15 lakh.
If you invest Rs 5 lakh, you get an interest of Rs 3,084 every month at an interest rate of 7.4 percent. You can get this interest on monthly, quarterly, half yearly, yearly basis. This post office account can be opened by visiting any nearest post office.
