Post Office Pension Scheme: Post Office has run many better schemes for the people. After this, now the post office has started a new scheme. Husband and wife can avail the benefit of this scheme by opening a joint account in the post office. Let us know the complete scheme…
New Delhi: Everyone can invest in post office schemes. These are designed keeping in mind the people from lower to upper class. Since they are government owned, they are safe and they also give good returns.
Even if you are worried about regular income after retirement, the post office is at your service. You can earn good income every month by investing in Post’s scheme.
You can also open this account with your wife. Post Office has a special scheme for this named Post Office Monthly Income Scheme.
In this you can invest once and get pension every month. You will get this amount only from the interest on the deposit amount. In this you can get a pension of Rs 9250 every month.
If you are investing money in this scheme alone then you can invest Rs 9 lakh. Whereas, if you start a joint account with your wife, then you can invest a total of Rs 15 lakh. Investors are currently getting 7.4 percent interest in it.
How much money will you get?
If you are investing money in a joint account with your wife, then the annual interest of Rs 15 lakh will be Rs 1,11,000. In this sense, every month you will get a pension of Rs 9250 only from interest.
Apart from this, your money will be safe with the post office. You can also withdraw the principal amount after the maturity period. If you wish, you can extend the scheme for another 5 years.
It is worth noting that you can open this account with three people and in that case equal amount will be given to all three.
