This Post Office Scheme for Husband and Wife Offers ₹9,000 Per Month, Apply This Way

Many people struggle to manage their monthly expenses. Especially retired people, housewives, and the middle class, the thought of money is always on their minds. But, with proper investment and planning, it is possible to get some relief from this situation. In the previous report, it was discussed how much money you can deposit in SBI and get an interest of 15 thousand rupees. And in this report, the Post Office Monthly Income Scheme, i.e. Post Office Monthly Income Scheme (POMIS), is explained in a simple way. Government savings scheme. Once you deposit money, you get guaranteed income every month for a certain period.

In the Post Office Monthly Income Scheme, a fixed amount of money has to be deposited at once. The Post Office is currently paying 7.4 percent interest per annum on it. It is deposited in the investor’s account every month. This scheme is a good option for those who are not comfortable with risky investments like shares and mutual funds. Moreover, even if you invest in those places, you can keep such a scheme to cover the monthly market expenses.

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How much money can be invested?

In this scheme, a single investor can invest up to a maximum of 9 lakh rupees. Again, if a husband and wife open a joint account, a maximum of 15 lakh rupees can be invested. The investment period is 5 years.

Let’s say someone invests 9 lakh rupees alone. In that case, at the current interest rate, the income will be about 5,550 per month.

On the other hand, if you create a joint account and invest Rs 15 lakh, you will get about Rs 9,250 per month. Rs 9,250 will continue to come to your account for 5 consecutive years. Withdraw or save as you wish.

You will get the entire money back after 5 years Another big advantage of this scheme is that the investor gets his entire capital back at the end of the term. If you want, that money can be invested in this scheme again. Or you can also try any other scheme.

There are several special aspects of the Post Office Monthly Income Scheme. Since it is a completely government scheme, there is no need to worry about the safety of the money. Market fluctuations do not affect it. You can start investing from just Rs 1,000. However, there will be no profit with such a small amount. Try to start with at least Rs 1 lakh.

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You can also keep a nominee

However, remember that an investor can open multiple accounts in his own name, but the total deposit amount cannot exceed Rs 9 lakh. 2 or 3 people can also invest in a joint account. Along with this, there is also the facility of keeping a nominee. This will allow the family to easily receive money in the event of the investor’s untimely death.

All in all, the Post Office Monthly Income Scheme can undoubtedly be a great option for those looking for a guaranteed and risk-free income to meet their monthly expenses.