Husband and wife get Rs.9,250 every month.. Do you know the best post office scheme!
Husband and wife get Rs.9,250 every month.. Do you know the best post office scheme!
If husband and wife jointly invest in this post office scheme, they will get Rs 9,250 every month. Know what those plans are and what are their special features.
Post Office Monthly Income Plan is a plan to earn income every month. This government guaranteed deposit scheme has single and joint account facility. A maximum of Rs.9 lakh can be deposited in a single account and a maximum of Rs.15 lakh in a joint account. This money is deposited for a maximum period of 5 years. You will earn from the interest earned on this amount. Your deposit amount is completely safe.
You can earn up to Rs.9,250 from this scheme through joint account. This scheme is considered very good for retirees. If husband and wife invest together, they can arrange monthly income for themselves. Currently, POMIS earns interest at the rate of 7.4%. A deposit of Rs 15 lakh in a joint account will yield a guaranteed return of Rs 1,11,000 in one year at 7.4 per cent interest and Rs 1,11,000 x 5 = Rs 5,55,000 in 5 years.
If the annual interest income of Rs.1,11,000 is divided into 12 parts, it comes to Rs.9,250. That means you will get an income of Rs.9,250 every month. If you open an account with Post Office Monthly Income Scheme and deposit Rs.9 lakh in it, you can earn Rs.66,600 as interest in one year, earning Rs.66,600 x 5 = Rs.3,33,000 in five years. Interest only. can earn. With this, you can earn Rs.66,600 x 12 = Rs.5,550 per month from interest alone. Any citizen of any country can open an account in Post Office Monthly Income Scheme.
An account can also be opened in the name of the child. If the child is under 10 years of age, his parent or legal guardian can open the account in his name. When the child turns 10, he can get the right to operate the account himself. For MIS account, we tell you that you need to have a savings account with a post office. It is mandatory to provide Aadhaar card, PAN card for identity proof. In Post Office MIS, if you need to withdraw before 5 years, you will get this facility after one year.
The amount invested before that cannot be withdrawn. But you have to pay a penalty for this. If you withdraw within one year to three years, 2% of the deposit will be deducted and returned. Whereas if the account is more than three years old but you want to withdraw before 5 years, the deposit will be refunded to you by deducting 1% from the deposited amount.
At the same time, after completion of 5 years, you will get full amount back. If you want to continue this plan after 5 years, you will not get extension facility. After 5 years you can withdraw your deposit amount. After withdrawal, you can avail the benefits of this scheme by opening a new account.
