Post Office Monthly Income Scheme : Your money will be safe and will get good returns

Post Office Monthly Income Scheme (POMIS) 2023 : Post Office Monthly Income Scheme : Post Office Monthly Income Scheme (POMIS) is an investment scheme recognized and approved by the Ministry of Finance. . With an interest rate of 6.6%, it is one of the most attractive plans.

Post Office Monthly Income Scheme Information

Name of the scheme Post Office Monthly Income Scheme (MIS)
Department Name Indian Post Department
How much interest rate? 6.6 percent interest monthly
How is interest calculated in this scheme ? Monthly
Post Office Monthly Income Scheme Important Matters

Savings account in post office is required to avail this scheme.
Fill the application form to avail this scheme
Or download the Post Office Monthly Income Scheme form from the official website.
You have to provide 2 passport size photographs.
For ID proof one has to provide either Aadhaar Card or Passport or Voter Card or Driving License.
One should also name the nominee.
The minimum required to open this account is Rs 1000, which can be paid by cash or cheque.
You can also get more information from the nearest post office.

The post office will increase the interest rate in the scheme to 6.7

The interest rate in this post office scheme has been increased to 6.7 percent.
You can deposit a maximum of Rs.
4.5 lakh and in joint account Rs.
You can invest up to 9 lakhs and if you have deposited 9 lakh rupees in the scheme then the total interest for one year at the rate of 6.7 percent per annum will be 60,300 rupees i.e. the interest will be around 5025 rupees per month.
If you deposit Rs 4,50,000 lakh through one account, the monthly interest will be Rs 2513.

How to get 5000 rupees monthly income?

Post Office Monthly Income Scheme is offering 6.6 percent annual interest. If an investor has invested 9 lakh rupees in it through a joint account, then 6 per annum At the rate of 6 percent, he will get Rs 59,400. If we look at the calculation of one month, then this is 4950 rupees. This investor can take every month. This is only the interest amount, the principal amount of the investor will remain the same.

This amount will be invested in one account

Both single and joint accounts can be opened under Post Office Monthly Income Scheme. In which a person can invest a maximum of 4.5 lakh rupees in a single account and a maximum of 9 lakh rupees in a joint account. Any Indian citizen above 18 years of age can invest in this scheme.

What will be the maturity period?

The maturity period for this scheme is up to 5 years. After 5 years you can reinvest your capital in this scheme.

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