Post Office Scheme: The Post Office Monthly Income Scheme is an excellent opportunity for people. You can earn a hefty income by investing in it for a short or long period. The Monthly Income Scheme also allows people to get substantial returns. For this, you need to make a one-time investment, which you should not miss.

You can invest in this Post Office scheme by opening an account. Most importantly, any person, husband or wife, can open an account in the scheme. If the age is under 10 years, then their guardian can open an account in this scheme without confusion. The article below explains essential things related to the monthly income scheme.

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Know how much you can invest.

Post Office Monthly Income Scheme is enough to make you rich. You can invest once in this scheme. You can easily invest up to Rs 9 lakh in a single account and Rs 15 lakh in a joint account. The time limit of this scheme has been fixed at 5 years. You cannot withdraw the invested amount for one year from the investment date.

If the account is closed 3 years before the investment date in this post office scheme, then a 2% deduction is made from the principal amount. You get money for this every month. The most memorable thing about this scheme is that husband and wife can easily invest together, where there will be no problem.

How much will the income on an investment of 15 lakhs?

If both husband and wife invest 15 lakh rupees in this post office scheme, you will get an annual income of 1,11,000 rupees at 7.4 per cent. If you calculate this amount monthly, you will get an income of 9,250 rupees every month. This scheme allows you to quickly fulfil your dream of earning 5.55 lakh rupees annually in five years.

How safe is the scheme

For your information, let us tell you that this post office scheme is relatively safe, where you can quickly get a strong return on investment. Compared to tYoukly, it receives a higher return in this scheme. Compared to bank and FD schemes, market fluctuations have no effects.

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