Are you worried about money in the future? Are you looking for a scheme in which you can get money every month with low investment? If yes, then Post Office Monthly Income Scheme is perfect for you.
What is this scheme?
Monthly Income Scheme is a government savings scheme that provides you a fixed income every month. This plan is ideal for those who want regular income after retirement or who want to save money for expenses like their children’s education or marriage.
What are the benefits of investing in this scheme?
Regular Income: You receive a fixed income every month, which helps you plan your finances.
Low Investment: You can start investing with as low as Rs 1000.
Tax Benefits: You get tax benefits on investing in this scheme.
Risk Free: This is a government scheme, so it is completely safe and there is no risk.
Flexibility: You can choose the tenure and investment amount as per your convenience.
Transfer: You can transfer your policy to any part of the country.
Joint Account: You can open a joint account with husband and wife and get double the benefits.
How to invest in this scheme?
To invest in this scheme you will have to go to your nearest post office. You need to submit KYC documents to open an account.
conclusion:
Post Office Monthly Income Scheme is a great scheme for those who want a secure and regular income. If you want to save for the future then this scheme is a good option for you.
Additional Information:
Investment amount: Minimum Rs 1000, Maximum Rs 9 lakh (Rs 15 lakh for joint account)
Tenure: 5 years, 10 years, 15 years
Interest Rate: 7.4% (annually)
Maturity: You will receive the principal and interest on completion of the policy term.
Premium Payment: You can pay the premium monthly, quarterly, half-yearly or annually.
This article provides you with information about the Post Office Monthly Income Scheme. If you have any questions, you can contact your nearest post office.
