Post Office Scheme: Good News! Lucrative Monthly Income Scheme Launched, Check Benefits and Eligibility Here

Post Office Scheme

Post Office Scheme: You can obtain a guarantee of security and rewards by investing in government initiatives. Government banks and post offices offer numerous schemes that allow you to invest money and keep it safe. What makes these locations unique is that investing there also yields assured profits. The post office offers numerous savings plans of this type. The Monthly Income Scheme (MIS) is the most well-liked of them.

Post Office Monthly Income Scheme (MIS) Overview

Those who wish to invest once and get a monthly income are big fans of the Post Office Monthly Income Scheme. A maximum of Rs 9 lakh can be deposited into an account created under this arrangement. You can deposit up to Rs 15 lakh if you register a joint account, such as husband and wife.

Monthly interest is paid to investors in the Post Office Micro Investment Scheme. This interest can be used by investors as monthly income. What makes this post office scheme unique is that it offers 7.4% interest.

Scheme Duration

The Post Office Monthly Income Scheme lasts for five years. Money can be deposited for up to five years at a time. In this manner, interest will be paid into your account each month for the next five years. You are free to revoke this interest at any time. Your deposited money is returned to you upon maturity, or after five years.

Unique characteristics of the Post Office Monthly Income Plan

Early Withdrawal Provision

Although the funds in the Post Office Monthly Income Scheme are locked for five years, you are still able to access them earlier if necessary. One year after starting the account, you can take money out of this arrangement. You will be required to make a monetary payment in exchange for this.

Loss from early account termination

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOKINSTAGRAM, and TWITTER

Exit mobile version