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Post Office Monthly Income Scheme: Everyone gives great importance to savings while working or doing business. For this many people invest in different places. Someone invests in the stock market. Someone invests in mutual funds. So the person invests in various schemes. Many people also invest in various post office schemes.
One such scheme of Post Office is Post Office Monthly Income Scheme. By investing in which you also get good interest. After investing in this scheme, you can earn interest up to Rs 1 lakh annually. How can you take advantage of it? Let us tell you how you can invest in this scheme.
Many people invest in various post office schemes for savings. If you invest in Post Office Monthly Savings Income Scheme, you can earn interest of more than Rs 1 lakh annually. In Post Office Monthly Savings Income Scheme, you get 7.4% annual interest. You can deposit a maximum of Rs 9 lakh to open an account in this.
Whereas if you open a joint account then you can deposit up to Rs 15 lakh in it. If you deposit Rs 15 lakh annually at an interest rate of 7.4 percent, then you can get interest up to Rs 1 lakh 11 thousand in a year.
To invest in Post Office Monthly Income Scheme, you must first open your savings account in the post office. After this you have to submit the form for National Savings Monthly Income Account. Along with this, you will also have to deposit the amount in the account through cash or check along with the form. After this your post office monthly income account will be opened. For information related to this scheme you can visit this link. https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx.