Nowadays, many people are interested in investing. Some invest in the stock market, while others choose mutual funds or government schemes. Some people also invest in post office schemes. If you want to earn money every month and keep it safe, the Post Office Monthly Income Scheme is a good option. This scheme gives fixed returns and guaranteed income.
Post Office Monthly Income Scheme
This scheme is for people who want a fixed income every month. You invest once and get regular monthly interest. It is safe because the government supports it.
Investors get interest every month. This keeps their money safe and provides regular income. It is good for both working people and retired people.
How Much to Invest
If you want to earn ₹6,000 per month, you need to invest about ₹9.7 lakh. The current interest rate is around 7.4% per year, which gives ₹72,000 interest annually.
Account Types and Investment Period
You can open this scheme in an individual or joint account. Joint accounts allow higher deposits. Investments are made for a fixed period. After the period ends, your money is returned. You can also invest it again in a new scheme. Visit your nearest post office for more information.