The country’s general budget – 2023 was presented by Finance Minister Nirmala Sitharaman on February 1, 2023. At the same time, many new schemes have been announced in this budget 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.
On the other hand, according to this new update, the amount of investment in the Post Office Monthly Income Scheme will double directly, where instead of Rs 4.5 lakh in a single account, you will be able to invest Rs 9 lakh. Whereas today we are going to give you important information about Post Office Monthly Income Scheme, so that you will get complete information about it.
Post Office Monthly Income Scheme will work like this
Under this post office scheme, so far you can make a maximum investment or deposit of Rs 4.5 lakh on the basis of 7.1% interest rate. While looking at this as an example, for 5 years on Rs 4,50,000, there is an income of Rs 2662 every month based on the calculation of interest rate of 7.1%. On the other hand, according to the new update, when you invest Rs 9 lakh in it, you will get an income of Rs 5324 every month. On the other hand, it has been announced in the 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 account in this scheme
In Post Office Monthly Income Scheme, now not only single but also joint and 3 people together will be able to open account. On the other hand, if a minor wants to open this account, then his guardian will be able to open his account on his behalf.
Post Office Monthly Income Scheme is for so many years
Let us tell you that the investment in this post office monthly scheme is for 5 years, after which if anyone wants, this account can be closed. Along with this, if the account holder dies before maturity, then this account can be closed automatically, while after that its money is handed over to the nominee or legal heir.
