If you want to make a good monthly income while keeping your money safe, then this post office scheme can be very beneficial. Not only this, in the maturity period of 5 years, it generates extra income of more than 3 lakh rupees. Learn about…
Middle class people consider Post Office’s Small Saving Schemes to be the safest savings scheme. Now if you find such a scheme in the post office itself where your money is safe and you get good income every month, then we are going to give you complete information about it. In the maturity period of 5 years, this scheme of the post office gives income of more than Rs 3 lakh to the common people.
If you are a senior citizen or have retired. Even then you can take advantage of this scheme, because by investing in this scheme, you can use the monthly income as a pension.
Learn National Monthly Income Scheme account
Yes, we are talking about the ‘National Monthly Income Scheme’ account (Post Office MIS Account) to be opened in the post office. Although one can invest in it with a minimum amount of Rs 1,000, but the best benefit is obtained by depositing a good amount of fund.
Money has to be deposited in MIS account once. Thereafter the interest is paid on a monthly basis. For the January-March quarter, the government will pay an annual interest of 7.1 percent on this account. However, there will be changes in this from time to time.
There will be extra income of more than 3 lakh rupees.
At present, under MIS, a maximum of Rs 4.5 lakh is allowed in a single account and Rs 9 lakh in a joint account. Now Finance Minister Nirmala Sitharaman has announced to increase these to Rs 9 lakh and Rs 15 lakh respectively in the speech in the budget of 2023.
Let us assume that you invest Rs 9 lakh in this scheme at one go. So according to the current interest rate, you will have an income of Rs 63,900 every year. Means more than Rs 5,000 per month, while the maturity period of this account is 5 years, then in total your extra income will be generated Rs 3,19,500.
However, in this scheme, you also get the facility to come out in 1 year and in 3 years. At the same time, parents can also invest in this account for their children, while the account of children above 10 years of age is opened in their own name.
