Post Office schemes allow you to earn money too. Now as per its new scheme, just one time investment in post office through the scheme will get you rupees 2500 per month.
Now the plan is open for all in this Post Office Scheme. If you also deposit Rs 4.50 lakh (POMIS) in the Post Office, this Small Savings Scheme (Monthly Income Scheme) guarantees you to get Rs 2500 as pension every month.
Just one time investment avails you per month income
If you invest in this new post office scheme, this information may prove significant to you. In this post office scheme, you will have to pay only once, after that you will continue to get Rs 2500 as pension every month. After investing in this scheme, you will not need to go to anyone. After retirement, if you deposit some part of your accumulated capital like Rs 4.50 lakh in the Post Office Small Savings Scheme Monthly Income Scheme (POMIS), then instead of rupees 4.50 lakh, a fixed income of around Rs 2500 will start pouring in every month. If you also have a lump sum amount to deposit, then you can earn a bigger monthly income through this post office scheme. You can also get double benefit through joint account also.
This is the Monthly Income Scheme of Post office
Post Office Monthly Income Scheme gives investors an opportunity to earn income every month. This is a special scheme, where you can earn by investing a lump sum every month. In this scheme, your deposited money will be safe and you can withdraw the entire amount after 5 years. Under the MIS scheme, the facility of opening single and joint accounts is also available. Many people are taking advantage of this scheme for pension after retirement. Being a post office scheme, it is completely safe.
Hike in interest rates
The central government has increased the interest rates of some small savings schemes for the December quarter of 2022. In which the Post Office Monthly Income Scheme is also included. The government has increased the interest rate on this monthly income scheme from 6.6 percent to 6.7 percent. This will increase the monthly income of those who would like to deposit money in this scheme.
A maximum of Rs 4.50 lakh can be deposited in the POMIS through a single account and Rs 9 lakh through a joint account. The interest under the scheme has now become 6.7 per cent per annum. If you have deposited 9 lakh rupees in the scheme, according to the interest rate of 6.7 percent per annum, the total interest of one year will be 60300 rupees for you. This amount will be distributed in 12 monthly instalments of the year. This way, the interest of every month will be around 5025 rupees.
