Invest once in Post Office Monthly Income Scheme and get a fixed interest amount every month directly in the account. An investment of about Rs 9 lakh gives a guaranteed income of Rs 6,000 per month. This scheme is safe and reliable.
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Post Office Scheme: If you want to earn a fixed amount every month, then Post Office Monthly Income Scheme is going to be the best option for you. After investing once in this scheme, you get a fixed interest amount every month, which comes directly to your account. Yes, whether you are in service, retired or a housewife, this scheme is beneficial for everyone. Even with a small investment in this scheme, you can create a good fund in the long term.
100% money will be safe
Let us tell you that the most special thing about this scheme is that your investment is 100% safe, because this is a scheme run by the government. To start this scheme, just go to the nearest post office and submit your savings account information along with your Aadhaar card.
How much can you invest
In this amazing scheme, investors can open an account either alone or jointly with someone. A maximum of ₹9 lakh can be invested in a single account and up to ₹15 lakh in a joint account. Currently, the interest rate on this scheme is around 7.4% per annum. To open an account in this, it is necessary to deposit a minimum of ₹1,000.
What will be the income on an investment of 10 lakhs
So if investors deposit about Rs 10 lakh in a joint account in the Post Office Monthly Income Scheme, then every month they will earn about ₹ 6,167 i.e. about ₹ 74,004 annually. The special thing is that this amount will be directly credited to your post office savings account.
Post Office Monthly Income Scheme (POMIS) is best for those who do not have a regular source of income, especially after retirement. You get a fixed interest guarantee every month from this scheme, which can easily meet household expenses. So the special thing is that you can open it in your name as well as in the name of children. It can be extended even after 5 years of maturity. (Note: This article is for information only and should not be considered as an investment advice in any way, suggest consulting financial advisors for investment)
