Post Office Monthly Income Scheme Check: If you are looking for a scheme with a combination of better returns and regular income, then the Post Office Monthly Savings Scheme can prove to be a good option for you. This is the Post Office Monthly Income Scheme (POMIS). The Post Office has increased the interest rates of some of its schemes from January 1.
Post Office Monthly Income Scheme Check
India Post Office Monthly Income Scheme Check
Post Office Monthly Savings Scheme (Post Office Monthly Income Scheme) scheme is also included in this, that is, now you will get more interest on this scheme than before. In such a situation, by investing in this post office scheme, you can get more returns than before. In Post Office Monthly Savings Scheme (POMIS), you have to invest only once, after that guaranteed income starts every month without any risk.
Post Office Scheme Latest Update 2023
This Post Office Monthly Saving Scheme (Post Office Monthly Income Scheme) matures in 5 years, after which you get your money back. That is, by investing money once, you can get a fixed amount every month for the next five years! Recently the Post Office has also increased its interest rates. Earlier interest was being received at the rate of 6.7 per cent in the Monthly Savings Scheme, but now the interest rate has gone up to 7.1 per cent. This means that now you will earn more through this scheme (POMIS).
What is the amount that can be deposited
Any Indian citizen can open a single or joint account in MIS (POMIS). Interest is paid every month in this. The account can be opened in the post office from Rs 1000 and can be deposited up to a maximum of Rs 4,50,000. If you are opening a joint account in the Post Office Monthly Income Scheme, you can deposit up to Rs 9,00,000.
Post Office Monthly Income Scheme Update
The deposit is guaranteed by the Government of India (POMIS). After 5 years, you can withdraw the entire money with maturity. This post office scheme is also very beneficial for senior citizens. Through this Post Office Monthly Saving Scheme (Post Office Monthly Income Scheme), they can get a fixed amount every month as pension.
How much do you earn with increased interest in Post Office
If you make a lump sum investment of Rs 4.5 lakh in an account in this post office scheme, you will get Rs 31950 as interest at the rate of 7.1 per cent (POMIS). By dividing these in 12 months, you will get Rs 2662.5 i.e. a total of Rs 2663 monthly. On the other hand, if you invest 9 lakh rupees in a joint account, then through this Post Office Monthly Savings Scheme (Post Office Monthly Income Scheme), you will earn a total of Rs 63900 annually and Rs 5325 monthly.
Post Office Monthly Income Scheme
Under this Post Office scheme, till January 1, you were getting Rs 5,025 per month at an interest rate of 6.7 per cent per annum for depositing Rs 2,513 per month in an account and Rs 9 lakh in a joint POMIS account! With the increase in the interest rate in the Post Office Monthly Saving Scheme (Post Office Monthly Income Scheme), your income has also increased.
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