Want to Earn ₹9,000 Monthly? Open This Post Office Scheme in Your Wife’s Name

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Open This Post Office Scheme in Your Wife’s Name and Earn 9,000

A husband and wife can get a guaranteed monthly income by investing together in the Post Office MIS scheme. Rs 4 lakh can earn Rs 2,467 per month. Secured at an interest rate of 7.4%. This monthly income scheme is very effective without any risk.

For those who want to keep their savings in a safe place and want some fixed income every month, the Post Office Monthly Income Scheme is nothing less than a blessing. This scheme is especially popular among retired people, housewives, busy professionals and families looking for a stable income while staying away from risk.

But once the investment is made, there is no change in the interest rate for 5 years.

Investment and return calculation

This scheme is very easy to understand. MIS is an account where once you deposit money, you get a fixed amount of money like a pension every month in the form of interest. For example, if a couple deposits Rs 4 lakh in a joint account, they will earn Rs 2,467 per month at an interest rate of 7.4%. This amount is basically just interest; The capital remains safe for 5 years and is fully refunded after the maturity.

What happens in a joint account?

The benefits of a joint account are not insignificant. A maximum of three people can have a joint account and the investment limit increases up to Rs 15 lakh. So if a family wants to earn more, then by depositing Rs 15 lakh they will get around Rs 9,250 per month. Similarly, if they deposit Rs 9 lakh, the monthly income will reach Rs 5,550.

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