Post Office Monthly Income Scheme: Investing in post office schemes operated by the Indian Postal Department is considered quite safe for the investors at the present time. The central government itself oversees the post office. Different schemes are launched from time to time by the post office. By investing in these schemes, customers get a chance to earn profit. After completion of the maturity period in the post office scheme, the customers get a hefty amount in the form of interest.
In this article, we are going to tell investors about one such post office scheme, in which you will be able to earn an income of 5100 rupees every month by investing. This is a guaranteed profit scheme. The name of the scheme is National Saving Monthly Income Account. If you want to invest with less risk then this scheme can be a better option. Under this scheme, customers can deposit at least 1500 rupees.
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To be a part of the monthly income scheme of the post office, an account can be opened by going to the customer post office. The maturity period in this scheme is determined by the Pance Year. On the other hand, if you want to withdraw money before maturity, then you also get the facility on completion of 1 year of the account. Currently, interest is being paid at the rate of 6.6 percent in this scheme. One can invest in this by opening a single and joint account.
Monthly income scheme customers minimum investment is Rs 1000 and maximum investment is Rs 4.5 lakh. But if suppose both husband and wife invest 9 lakh in this scheme under joint account. He will earn 61200 rupees at the rate of 6.6 percent per annum. That is, every month the investor will get interest of Rs 5100.
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