This Post Office scheme offers guaranteed heavy interest in return every month, find out the full details
By Lokmat English Desk | Published: December 11, 2021 05:23 PM2021-12-11T17:23:30+5:302021-12-11T17:23:30+5:30
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Many wants money but afraid to invest, But, now the post office has a plan from which you will get a guaranteed return.
Post Office Savings Scheme- There are many benefits to this account (Post Office Savings Scheme). This account can also be opened in the name of children above 10 years of age.
You can open this Post Office Account (Benefits of Post Office Monthly Income Scheme) by visiting any Post Office. Under this, a minimum of Rs.1000 and a maximum of Rs.4.5 lakhs can be deposited.
If the child is above 10 years of age, you can open MIS Benefits account on his name. The maturity period of this scheme is 5 years. It can then be turned off in middle.
If you open the account on your child's name you can deposit up to 2 lakhs which will get monthly interest around 11,000 and in five years, the interest will be a total of Rs 66,000 and you will also get a refund of Rs 2 lakh which you deposited.
The special feature of this Post Office Monthly Income Scheme Calculator is that it can be opened as a single or joint account with three adults.If you deposit Rs. 3.50 lakhs, you will get Rs. 1925 monthly.
