look news india
Post Office Scheme: The problem of employed people is that they get salary on the first date and by the 10th the entire salary is exhausted. While making accounts of the milkman, kitchen ration, children's fees, house rent etc., the pockets become empty. Every 20 days of the month are spent waiting for the first date. Therefore any working person is always looking for additional income. For this he also invests here and there. In this article we are discussing about a scheme that will provide relief to those waiting for the first date and provide extra income in the middle of the month.
Although there are many savings schemes in the post office, but Monthly Income Scheme is a scheme which provides income to the investor every month. Income every month and that too with guarantee. In Post Office Monthly Income Scheme, you can open a joint account either alone or with your life partner. In this scheme you can get a fixed amount every month by depositing a lump sum amount.
Although there are many savings schemes in the post office, but Monthly Income Scheme is a scheme which provides income to the investor every month. Income every month and that too with guarantee. In Post Office Monthly Income Scheme, you can open a joint account either alone or with your life partner. In this scheme you can get a fixed amount every month by depositing a lump sum amount.
income every month
In the Post Office Monthly Income Scheme, if you open an account alone, you can deposit a maximum of Rs 9 lakh and in a joint account, you can deposit a maximum of Rs 15 lakh. This amount is deposited for at least 5 years. You earn income every month from the interest you receive on the money you deposit. If you open this account with your spouse and deposit Rs 15 lakh, you can earn additional income of up to Rs 9,250 every month. Interest of Rs 5500 is available every month on a deposit of Rs 9 lakh.
Interest at the rate of 7.4 percent
Currently, interest is being given at the rate of 7.4 percent in the Post Office Monthly Income Scheme. Any citizen can open an account in this scheme. You can also open an account in the name of the child. Maximum three people can join a joint account. To open a post office monthly income account, you will have to submit the form along with your home address, photo identity proof, Aadhar card and PAN card and two passport size photographs to the nearest post office.
premature withdrawal
Although money is deposited in the Post Office Monthly Income Scheme for 5 years, but if you want to withdraw money on time due to some need, then you can withdraw your money only after one year of opening the account. For this you will have to pay some fee. If money is withdrawn within one to three years, 2 percent of the total deposit amount is deducted. One percent charge is levied on withdrawal of money after three years and before five years. After completion of 5 years on maturity, you get your entire amount back. If you do not want to withdraw your money even on maturity, you can deposit it again for the next 5 years.