Post Office Scheme: By investing money in government schemes, you can guarantee safety and returns. There are many such schemes in government banks and post offices. Post Offices, in which you can keep your money safe by investing money. The special thing is that investment in these places also guarantees returns.
The most popular among them is the Monthly Income Scheme
There are many such savings schemes in the post office. The most popular among them is the Monthly Income Scheme (MIS). Post Office Monthly Income Scheme is very much liked by those who want to earn every month by investing money once. You can deposit a maximum of 9 lakh rupees in the account opened under this scheme. If you open a joint account such as husband and wife together, then you can deposit up to Rs 15 lakh.
How much will you get If you have invested Rs 5 lakh in the post office scheme?
If you have invested Rs 5 lakh in the post office scheme, then you will get an interest income of Rs 3,083 every month at 7.4 percent interest. If you calculate this way, you will get an income of Rs 36,996 from interest in a year.
Important things to know about this scheme
The tenure of this scheme is 5 years. The investor cannot make any withdrawal from the account for 1 year after the account is opened. If the investor closes the account before 3 years, then an amount of 2% is deducted from the principal amount. There is a deduction of 1% on closing the account after 3 years. In this scheme, a maximum of Rs 15 lakh and a minimum of Rs 1,000 can be invested in a single account. Now if you invest more than Rs. 1,000 then your income from this Post Office will be increase. How much money you can get, that’s depends on the amount of investment.