Post Office Scheme- If you are also willing to earn good money as a couple, then today’s article is for you. Today I will give you information about a scheme where you can get good money returns at a time after investing. You can earn Rs 1 lakh 10 thousand (Rs 1.10 lakh) per year by opening a joint account like the government scheme. We are talking about the Post Office Monthly Income Scheme (POMIS). With attractive interest rates, this Monthly Income Account of the Post Office is a safe option for investment. By making a one-time deposit in this scheme, you get the benefit of regular income.

How much will have to be deposited at one time

To open an account in the Post Office Monthly Income Scheme, a minimum investment of Rs 1000 is required, after which deposits can be made in multiples of Rs 1000. In this, a maximum of Rs 9 lakh can be deposited in a single account and a maximum of Rs 15 lakh in a joint account. In a joint account, every holder has an equal share in the investment.

The interest rate is 7.4% per annum

The current interest rate on Post Office Monthly Income Account is 7.4% per annum. Now a maximum of Rs 9 lakh can be deposited in it through a single account and a maximum of Rs 15 lakh through a joint account. Post Office Monthly Income Account is a government-backed small savings scheme, which gives guaranteed returns. If it is a Post Office scheme, then there is a guarantee of 100% security in it. Apart from a single account, there is also a facility to open a joint account with the spouse.

Monthly Income: How much money will come every month
Interest rate: 7.4% p.a.
Maximum investment from joint account: Rs 15 lakh
Annual interest: Rs 1,11,000
Monthly interest: Rs 9,250

If you have a single account
Interest rate: 7.4% p.a.
Maximum investment from joint account: Rs 9 lakh
Annual interest: Rs 66,600
Monthly interest: Rs 5,550

This small savings scheme is giving 7.4 percent annual interest. The annual interest on the money deposited in it is divided into 12 parts, and it will come to your account every month. If you do not withdraw the money monthly, it will remain in your post office savings account and you will get interest further by adding this money along with the principal. The maturity of this scheme is 5 years, but after 5 years it can be extended according to the new interest rate.

Eligibility

  • Single account in the name of an adult
  • Joint account (maximum 3 adults together) (Joint A or Joint B)
  • Guardian account can open in the name of a minor
  • In the name of a minor who is 10 years old.

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