Post Office New Scheme 2024: Both husband and wife will get Rs 36,996 from the explosive scheme of Post Office.
Post Office scheme: Investing in a Post Office scheme can be a safe and lucrative option for those looking to earn money from the comfort of their own home. The Post Office offers a Monthly Income Scheme that allows you to earn a steady income by opening a joint account with your spouse. Once you
Post Office scheme: Investing in a Post Office scheme can be a safe and lucrative option for those looking to earn money from the comfort of their own home. The Post Office offers a Monthly Income Scheme that allows you to earn a steady income by opening a joint account with your spouse.
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Once you open this account, you can start earning a monthly income through interest payments. This scheme provides a guaranteed source of income, and you will receive separate payouts for both the husband and wife. It’s worth noting that you can open both single and joint accounts under this scheme.
The current annual interest rate for the Post Office Monthly Income Scheme stands at 7.4 per cent. Under a single account, you can invest up to Rs 9 lakh, while in a joint account, which includes both husband and wife, you can invest up to Rs 15 lakh. Upon maturity, you can choose to withdraw the principal amount or extend the investment for another 5 years. If you decide to extend, you’ll continue to receive interest payments, which will serve as your monthly earnings.
To illustrate, let’s consider a scenario where a husband and wife jointly invest Rs 15 lakh in this scheme. At an annual interest rate of 7.4 per cent, they would earn an annual interest of Rs 1,11,000. When distributed over 12 months, this amounts to Rs 9250 as monthly interest income. It’s worth mentioning that you can also open an account in this scheme with up to three people, and the interest earned will be divided equally among all account holders.
Regarding premature withdrawals, the maturity period for the MIS scheme is 5 years. However, you do have the option for premature closure. If you withdraw the money between one to three years from the date of deposit, a 2 per cent deduction will apply to the withdrawal amount. After three years, the deduction decreases to 1 per cent.
In summary, the Post Office Monthly Income Scheme offers a secure way to earn a consistent monthly income, making it an attractive option for those looking to invest and generate earnings without leaving their home.
What is monthly income scheme?
Monthly Income Scheme, Post Office is a guaranteed income scheme. In which once you deposit money, you get guaranteed benefits every month. The maturity period of this scheme is 5 years, after which your principal amount will be given to you. If you want, you can extend it for another 5 years.
The interest received on this will be paid to you every month by the post office. If you deposit Rs 5 lakh under this scheme, you will get an interest of Rs 3,083 every month at an annual interest of 7.4 percent. In this way the total income in 12 months will be Rs 36,996.
Invest in Post Office Monthly Income Scheme and get great benefits
You get many benefits by investing in Post Office Monthly Income Scheme, the first advantage is that in the monthly scheme you get a lock-in period of 5 years and the facility of transfer from the post office is also available.
Suppose, if you are living in another city, then you can get it transferred to your nearest post office as per your convenience. In this scheme, you can open a joint account of two as well as three people.
What is the maximum investment?
You can invest a maximum of Rs 9 lakh in the Post Office Monthly Income Scheme, if you invest in it by opening a joint account then you can invest a maximum of Rs 15 lakh. At present, the post office is giving an interest rate of 7.4 percent in this scheme.
If both husband and wife invest in the scheme by opening a joint account, then at an interest rate of 7.4% on Rs 15 lakh, they will get Rs 9,250 as interest every month and the principal amount will remain the same for all account holders. In joint account. It is an equal partnership.
Minor account can be opened
You can also open a minor account under the monthly income scheme. Under this scheme, only minor accounts above 10 years of age can be opened. You can easily start investing in this scheme by going to the nearest post office and earn thousands of profits every month.
This scheme is really very beneficial, you can run this scheme as per your convenience. In this, your principal amount will always be safe, only the benefit of interest will be given to you by the post office every month. If you also want to invest, then this scheme can prove to be very beneficial for you.
- Scheme Name : Post Office Scheme
- Name of article : Post Office New Scheme 2024
- year of planning : 2024
- Who will get the benefit of the scheme : to all people
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