The Post Office offers a wide range of schemes. This will benefit many people. Do you want to join any savings plans? Or do you want to double down on some income earning schemes every month ..? But you must see this. If you join the Monthly Income Scheme at the post office, money will be credited to your account every month. And if you go into full details for this ..
Every post office has a monthly income scheme . Anyone can open this account. Must be Guardian if Minors open an account. A single or joint account can be opened. A deposit of at least Rs.1,000 can be made. A maximum of Rs 4,50,000 can be deposited in a single account and up to Rs 9,00,000 in a joint account. Looking at the interest .. At present it is getting 6.6 per cent interest.
You can earn up to Rs 4,950 per month. So if you deposit Rs 4,50,000 in this scheme, you will get interest of Rs 29,700 per annum. That means Rs 2,475 per month will be taken into your account. If you deposit Rs 9,00,000 in a joint account, you will get Rs 59,400 interest per annum. Rs 4,950 per month will be credited to your account. Money cannot be withdrawn until the year the deposit was made. Money is given to the nominee if the account holder dies before maturity. You can get this account by going to the post office
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