Post Office Scheme: People invest in different ways, whether it is gold or investing in SIP. When it comes to safe investment, people still invest in post office scheme.
If you also want to invest in a good scheme to get pension every month, then this post office scheme is for you. The most special thing about the Post Office Monthly Income Scheme is that you do not have to face any kind of market related risks in it. Let us tell you how much investment in it will give you a pension of Rs 5500 every month.
This is how you will get a pension of Rs 5,500 every month
This is a small savings scheme of the post office. After investing in it, your monthly income starts. If you open a single account in this scheme of the post office and invest a lump sum of Rs 9 lakh. At present, based on the interest rate of 7.4 percent on this scheme, your pension of Rs 5,550 will be confirmed every month. At the same time, on investing 15 lakhs in MIS, your monthly income will be Rs 9,250 every month. In the Monthly Income Scheme of the Post Office, you can open your account by investing 1 thousand rupees. In this scheme of the post office, you have two options to open an account.
By opening a single account in this, you can invest up to a maximum of 9 lakh rupees in this scheme. At the same time, in a joint account, you can invest up to a maximum of 15 lakh rupees in this scheme. Any person above 18 years of age can invest in the Monthly Income Scheme.
What will happen if you withdraw money before maturity?
If you withdraw money before the maturity period of this post office scheme i.e. between 3 to 5 years, then 1 percent of your total money will be deducted and returned.
