Post Office Wealth Scheme: Get 5000 Return per Month, Learn How
Post office small savings plans are considered more secure in terms of investment. This is the reason why such people do not want to take risks. They invest well in small savings plans.
Smaller savings plans are more secure in terms of investment
Guaranteed Return in Post Office Monthly Income Plan
After 5 years you will start getting guaranteed monthly income
The post office scheme offers an annual interest of 6.6 per cent
It has more confidence because it has the support of the government. With this, the return is also fixed. So those who invest in it know how much money they will get on maturity. The Post Office Monthly Income Scheme is also a scheme that offers guaranteed returns. The post office scheme offers an annual interest of 6.6 per cent. The scheme matures after five years. That means after 5 years you will start getting guaranteed monthly income. Which can be extended for another five years after five years. If the account holder dies before maturity and the money is given to the nominee. Account can be opened in Post Office Monthly Income Scheme for only Rs.1000.
Five thousand rupees monthly income
The Post Office Monthly Income Scheme is offering 6.6 per cent annual interest. If an investor has invested Rs 9 lakh in it through a joint account, he will get Rs 59,400 at an annual rate of 6.6 per cent. If you look at a month, this is 4950 rupees. This investor can take every month. This is only the amount of interest, the principal amount of the investor will remain the same.
How much can invest
Both single and joint accounts can be opened under Post Office Monthly Income Scheme. A man can invest a maximum of Rs 4.5 lakh in a single account and a maximum of Rs 9 lakh in a joint account. Any Indian citizen above 18 years of age can invest in this scheme.
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