Post Office: A good and safe investment can be made under the post office where the post office runs many types of small and savings schemes for the common citizens. Today we will tell you how you can get a fixed amount every month by opening a joint account of husband and wife and how much interest this scheme opened with a single joint account gives you.
You can get money from your account from the date of deposit from the date of deposit to the completion of one year from the scheme of the office and if withdrawal is made within 1 to 3 years, then two percent starts and the balance is returned after deducting the payment.
If it is closed by the investment portal for 3 years before this time, then one percent is deducted from whatever deposit is made. At the same time, two or three persons can open a joint account together, this provides the facility of opening a joint account and one account can also be converted into a joint account.
Post Office Scheme
Interest is available at the rate of 7.4%. Under this great scheme of post office, you also get monthly income return. Here, from July 1, 2023, the interest received on investing in it has been increased by 7.4%.
The best thing about this scheme is that the tension of your income ends every month. Where under the government scheme, the maturity period is going to be only 5 years and after opening the account, money cannot be withdrawn for one year and you can open this account with just ₹ 1000.
You can invest up to Rs 9 lakh
For your information, let us tell you that the investment limit has been increased by the government for investors investing under the Post Office Monthly Savings Scheme, where now it has been increased to Rs 9 lakh. If we talk about joint account, then the maximum investment amount in it is Rs 9 lakh, which has been increased to Rs 15 lakh and this increase has been started from April 1, 2023.
Under the post office scheme, guaranteed returns are available every month on free investment, where the profit from this is calculated, if you invest ₹ 500000 for 5 years, then at the rate of interest of 7.4 percent, you will get 3084 rupees every month, while if you calculate according to the maximum amount created by the individual account holder i.e. ₹ 900000, then you will get an income of 5500.
Good return on lump sum investment Post Office Scheme
Along with this, under the scheme, the applicant can complete a maximum investment of ₹ 9 lakh in the post office scheme account, where the limit of joint account has been increased by the government, the maximum limit of which has been fixed at Rs 15 lakh. On maturity, the director can receive the invested amount and the period of the scheme can be extended up to 5 years.
