Invest money once in this scheme of Post Office and get guaranteed income of Rs 9,250 every month, know the complete details.

News India Live, Digital Desk: In today’s uncertain world, everyone wants to invest their money in a place where the investment is completely safe and at the same time they get a fixed amount every month to run the household. If you too are looking for a sure and guaranteed source of monthly income by staying away from the ups and downs of the stock market, then a special scheme of the Post Office is just for you.

This scheme is very beneficial especially for retired people and those who need a fixed income every month. The name of this scheme is Post Office Monthly Income Scheme (POMIS)Let us understand in simple language how it works and how you can earn up to ₹ 9,250 every month from it,

What is Post Office Monthly Income Scheme (POMIS)?

This is a government savings scheme run by the post office. In this you have to deposit the lump sum amount only once. You keep getting the interest fixed by the government on this deposit as income every month. The best thing is that your principal amount i.e. the initial deposit remains completely safe and you get it back after the completion of the 5 years period. Because it is a government scheme, there is no risk of losing your money.

How to earn ₹9,250 every month?

At present on Post Office Monthly Income Scheme Annual interest of 7.4% You are getting it, which is given to you on monthly basis. You can open an account in this scheme in two ways:

1. Single Account (for one person): In this account you can deposit minimum ₹1000 and maximum ₹9 lakh You can invest up to. If you invest Rs 9 lakh in this account alone, you will get interest every month at the rate of 7.4%. ₹5,550 There will be income.
2. Joint Account: You can open this account with two or maximum three people. Maximum limit of investment in joint account ₹15 lakh Is.

Now, if you (husband and wife) together open a joint account and have the entire ₹15 lakh If you invest Rs., then your monthly fixed income at the annual interest rate of 7.4% will be ₹9,250 Will happen. You will continue to receive this amount every month for 5 consecutive years, and after completion of 5 years, your Rs 15 lakh will also be returned to you safely.

Some more special things about this scheme:

• 100% safe: This is a government guaranteed scheme, so your money is completely safe.
• Tenure: The maturity period of this scheme is 5 years. If you wish, after completion of the period, you can extend it for another 5 years.
• Who can invest: Any Indian citizen above 18 years of age can invest in it.
• Tax rules: You do not get any exemption under Section 80C of Income Tax on investment in this scheme. Interest income is added to your total income and is taxed as per your tax slab.

This scheme is a great option for those who want to create a regular source of income every month from their lump sum money without any risk.