Post Office Monthly Income Scheme: If you invest in post office schemes then this information is very important for you. In this post office scheme, you will have to pay only once, after that you will continue to get Rs 2500 as pension every month .
After investing in this scheme, you will not need to reach out to anyone. After retirement, if you deposit some part of your accumulated capital like Rs 4.50 lakh in Post Office Small Savings Scheme Monthly Income Scheme (POMIS). Instead of Rs 4.50 lakh, a fixed income of about Rs 2500 will start every month. If you also have a lump sum amount, then you can earn monthly income through this post office scheme. You can also get double benefit through joint account.
The Monthly Income Scheme of the Post Office gives investors an income opportunity every month. This is a special scheme, where you can earn every month by investing lump sum money. In this scheme, your deposited money will be safe and you can withdraw the entire amount after 5 years. Under the MIS scheme, the facility of opening single and joint accounts is available. Many people are taking advantage of this scheme for pension after retirement. Being a post office scheme, it is completely safe.
Will get more interest than before
The central government has increased the interest rates of some small savings schemes for the December quarter. In which the Post Office Monthly Income Scheme is also included. The government has increased the interest rate on this monthly income scheme from 6.6 per cent to 6.7 per cent. Due to this, the monthly income of those who deposit money in this scheme will increase.
Income can be Rs 5025 every month
In POMIS, a maximum of Rs 4.50 lakh can be deposited through a single account and Rs 9 lakh through a joint account. The interest under the scheme has now become 6.7 per cent per annum. If you have deposited 9 lakh rupees in the scheme, then according to the interest rate of 6.7 percent per annum, the total interest of one year will be 60300 rupees. This amount will be distributed in 12 months of the year. In this way, the interest of every month will be around 5025 rupees.
On the other hand, if you deposit Rs 4,50,000 lakh through a single account, then the monthly interest will be Rs 2513. 3 adults can also join the joint account. But the maximum limit of investment is Rs 9 lakh.
Advantages of Post Office MIS Scheme
- The duration of this scheme is 5 years, but after 5 years it can be extended according to the new interest rate.
- Under the scheme, you are getting better returns as compared to bank FD.
- If you do not withdraw the monthly money, it will remain in your post office savings account and you will get further interest by adding this money along with the principal amount.
