Post Office | Investing in this posta scheme will be beneficial for you. One time investment will give you good monthly income..
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New Delhi : If you want to make good monthly income from lump sum investment then post office (Post Office Scheme) This plan is for you. safest investment in post(Safe) with interest on investment considered (interested)You benefit from receiving.
Post Account Monthly Income Scheme (Monthly Income Scheme) Investing will be beneficial for you. This is a small savings scheme. You can earn a fixed income every month by investing in it. It is a kind of pension scheme. It has to be invested in lump sum.
This monthly income plan of post account is for five years. If you want, you can extend this plan for the next five years. After the completion of the plan term, you get back the amount invested. The scheme currently pays 6.6 percent annual interest. This plan matures in five years.
After the completion of this plan, you will get a fixed amount every month. The maximum investment that can be made in this scheme is Rs 4.5 lakh. You can also open a joint account under this scheme. Accordingly, you can invest up to Rs 9 lakh. In this scheme, you can open an account with Rs 1000.
If you invest Rs 4.5 lakh in this scheme, you will get Rs 29,700 in five years at 6.6 per cent annual interest. If you want to withdraw this amount monthly, then you will get Rs 2475 per month.
In case of joint account you have to invest Rs 9 lakh. Interest will accrue on this for five years. In five years, this amount will become Rs 59,400. Keeping in mind every month, there will be an earning of Rs 4950 in the joint account.
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