Post Office Scheme: You get the opportunity to invest in many schemes in the post office. Whether the investor is a woman or a senior citizen, everyone can get good returns by investing in post office schemes. Along with this, you do not have to take the risk of losing money in these schemes. Let us tell you by investing in which post office scheme you can get a pension of Rs 5,500 every month.
Invest in Post Office Monthly Income Scheme
If you want a stable monthly income, then this scheme is a good option for you. This is an option for those who want regular returns on their savings. Currently, this scheme offers an interest rate of 7.4%. A lump sum investment is required to participate in this scheme and the investment period is five years. After one year, investors have the option to withdraw their money if needed.
Start investing with just Rs 1000
Investors can start with a minimum of Rs 1,000. The maximum investment limit for a single account is Rs 9 lakh. However, if you choose a joint account, you can invest up to Rs 15 lakh.
This is how you will get an income of Rs 5500 every month
If you invest Rs 9 lakh at the current interest rate of 7.4%, your monthly income will be around Rs 5,550. This income can also be received according to you, quarterly, half-yearly or annually. In a joint account, all joint holders will have equal share in the investment. Apart from this, the deposits / shares in all MIS accounts opened by an individual will not exceed Rs 9 lakh and the limit for an account opened on behalf of a minor as a guardian is different.
