Fixed income of Rs 5500 every month, invest money just once in this superhit scheme of post office.

News India Live, Digital Desk: If you also want a fixed income every month and want to invest your money somewhere where there is no risk, then this scheme of the post office is made only for you. This is such a government scheme, in which you just have to deposit money once and then guaranteed income keeps coming to your account every month for the next 5 years.

We are talking about ‘Post Office Monthly Income Scheme – MIS’. This scheme is a boon for those who are retired or want to get a fixed amount every month from their savings.

How to get monthly pension of Rs 5500?

The mathematics of this scheme is very straightforward and simple. The monthly income you receive depends on the amount you invest and the interest earned on it.

• Interest Rate: At present, this scheme is offering annual interest at the rate of 7.4%. This interest is calculated on an annual basis and sent to your account every month.
• Investment Limit:
  • Single Account (for one person): You can deposit a maximum of Rs 9 lakh.
  • Joint Account (two or three persons together): In this you can deposit maximum up to Rs 15 lakh.

If you deposit Rs 9 lakh in a single account, your annual interest at the rate of 7.4% will be Rs 66,600. When this amount is divided over 12 months, Rs 5,550 in your account every month Will come.

Similarly, if you invest Rs 15 lakh in a joint account, you will get Rs 9,250 every month There will be a sure income.

Special features of the scheme:

1. Who can open an account?
   • Any Indian citizen, whether an adult or a minor above 10 years of age, can open an account.
   • Parents can also open this account in the name of their minor children.
2. For how long is the scheme?
   • The maturity period of this scheme is 5 years. This means that you will get money every month for 5 years.
   • After completion of 5 years, your original deposited amount (say Rs 9 lakh or Rs 15 lakh) will be refunded to you in full. If you want, you can restart your monthly income for the next 5 years by investing this money again in this scheme.
3. How to open an account?
   • You can open this account by going to any post office nearest to you.
   • You just have to fill a form and submit your KYC documents (like Aadhar Card, PAN Card) and photograph.
   • You can deposit the investment amount through cash or cheque.

This scheme is best for those who want a safe and regular return on their money while staying away from the ups and downs of the stock market.