Post Office MIS: Saving money is everyone’s dream, while many questions keep coming to our mind about saving money, like what kind of scheme can we choose to save better. Today we are going to give you important information about that.
Post Office MIS: The country’s general budget – 2023 was presented by Finance Minister Nirmala Sitharaman on February 1, 2023. In this budget, many new schemes have been announced and major changes have been made in many schemes, along with this, the limit of deposit money in the Monthly Income Scheme has been doubled. According to this new update, the investment amount in the Post Office Monthly Income Scheme will be doubled directly, where instead of Rs 4.5 lakh in a single account, you will be able to invest Rs 9 lakh. Today we are going to give you important information about Post Office Monthly Income Scheme, so that you will get complete information about it.
This is how the Post Office Monthly Income Scheme will work
Under this scheme of the post office, till now you can make a maximum investment or deposit of Rs 4.5 lakh at the rate of 7.1% interest. If we look at it as an example, then on Rs 4,50,000 for 5 years, based on the calculation of 7.1% interest rate, there is an income of Rs 2662 every month. Now according to the new update, when you invest Rs 9 lakh in it, you will get an income of Rs 5324 every month. At the same time, it has been announced in Budget-2023 that an investment of Rs 9 lakh to Rs 15 lakh can be made in it.
So many people will be able to open accounts in this scheme
Now in Post Office Monthly Income Scheme, not only single but also joint and 3 people can open the account together. On the other hand, if a minor wants to open this account, then his guardian will be able to open the account on his behalf.
Post Office Monthly Income Scheme is for so many years
Let us tell you that the investment in this monthly scheme of the post office is for 5 years, after which if anyone wants, they can close this account. Along with this, if the account holder dies before maturity, then this account can be closed automatically, after which its amount is handed over to the nominee or legal heir.
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