If you’re considering making an investment, this article is perfect for you! Today, we’ll introduce you to an excellent investment opportunity offered by the post office, where you and your spouse can earn a monthly pension of Rs 9,250, especially in celebration of the New Year. This scheme is called the Monthly Income Scheme (MIS). If you’re looking for a reliable way to generate regular income from your savings, this could be the right choice for you.
The Monthly Income Scheme from the post office is a very secure investment option. By participating in this scheme, you can avoid the risks associated with market fluctuations, ensuring both safety and attractive returns. Let’s dive into the details!
Currently, the Post Office Monthly Income Scheme offers an interest rate of 7.4 percent. You can start investing with a minimum amount of Rs 1,000. There are two ways to open an account in this scheme.
The first option allows you to open a single account, while the second option is for a joint account. If you choose to open a single account, you can invest up to Rs 9 lakh. For a joint account, the maximum investment limit is Rs 15 lakh.
If you invest Rs 9 lakh in a single account under the Post Office Monthly Income Scheme, you will receive a monthly pension of Rs 5,550. On the other hand, if you invest Rs 15 lakh in a joint account with your wife, you will earn Rs 9,250 annually, which translates to an interest of Rs 1,11,000 each year. This post office scheme also comes with a lock-in period of 5 years.
Desclimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
