The postal department in India has been providing its services for more than 251 years. Today, the post office is not only providing postal services, but also providing many types of banking services. Not only this, there are some great schemes of the post office where more interest is being given than banks.

Today we are going to tell you about one such great scheme of the post office, in which you can earn every month by investing just once. If you invest money in this scheme, then you can get a fixed interest of ₹ 5550 every month. So let’s know about this amazing scheme in detail.

Read More:- PF Auto-Settlement Limit Increased! Withdraw Up to ₹5 Lakh Without Hassle

Read More:- Your pocket gets empty every month? Say goodbye to these bad habits, savings will be in your fist

Invest money once, and get a great interest of 7.4% every month

Post Office’s MIS (Monthly Income Scheme) is such a scheme in which you have to invest only once, that is, a lump sum and the interest money keeps coming to your account every month. In this post office scheme, you can open an account with a minimum of ₹ 1000. A maximum of ₹ 9 lakh can be deposited in the MIS scheme.

At the same time, a maximum of ₹ 15 lakh can be deposited in a joint account. A maximum of 3 people can be included in a joint account. Currently, the Post Office MIS scheme is getting an annual interest of 7.4 percent, which is paid every month. This is a great option for those who are looking for a safe source of regular income.

Fixed interest of ₹ 5550 every month

The Post Office Monthly Income Scheme comes with a lock-in period of 5 years. However, in some adverse circumstances, you can close the account and withdraw all the money. If you deposit ₹9 lakh in this scheme, you will get a fixed and guaranteed interest of ₹5550 every month for 5 years.

After the completion of 5 years, the entire ₹9 lakh deposited by you will be returned to your account. Along with this, you will also get a total interest of ₹3,33,000 at the rate of ₹5550 in 5 years. This scheme provides a safe and stable source of income for investors who want regular returns with low risk.

Read More:- Guaranteed Pension for Govt Employees? New UPS Rules You Should Know