By investing in this scheme, investors can earn a profit of more than Rs 5000 every month.

If you want to earn good profits by investing your money then you can invest your money in post office scheme, there is no risk in investing money in post office scheme and you will get very good returns on your invested money. Interest is also available. In such a situation, if you also want to start investing money from this Diwali, then you can invest your money in Post Office Monthly Income Scheme.

Post Office Monthly Income Scheme

In Post Office Monthly Income Scheme, you get 7.4 percent interest on the money invested. You can start investing in this scheme with just Rs 1000. The maturity period of this scheme is 5 years. An investor investing in the scheme can invest up to Rs 9 lakh in it.

This way you will get a profit of Rs 5000 every month

If you invest Rs 9 lakh in Post Office Monthly Income Scheme, you will get interest at the rate of 7.4 percent per annum. If calculated in such a situation, you will get a profit of Rs 5,550 every month. If you invest Rs 5 lakh in this scheme, you will get a benefit of Rs 3,084 every month.

What will happen if you stop the scheme midway?

Let us tell you that if you invest money in this scheme for 5 years, then you cannot close it before 1 year. If you close it before 3 years, you will get interest at the rate of only 2 percent. Whereas if you close it after 3 years or before 5 years, then you will get interest at the rate of only 1 percent.