Post Office Scheme
If you’re looking for a secure investment option that guarantees monthly income, the Post Office Monthly Investment Scheme (MIS) is a reliable choice. This scheme offers regular monthly income, making it ideal for those seeking financial stability and safety. Post Office Scheme
Key Features of the Scheme
- Guaranteed Monthly Income: Earn ₹9,250 per month on a maximum investment of ₹9,00,000.
- Interest Rate: Enjoy an attractive interest rate of 7.4%.
- Safe and Secure: Backed by the Indian government, ensuring your investment is completely secure.
- Easy to Start: Minimum investment starts at just ₹1,000, making it accessible to everyone.
Investment and Returns Breakdown
| Investment Amount (₹) | Monthly Income (₹) |
|---|---|
| 1,000 | 62 |
| 5,00,000 | 3,083 |
| 9,00,000 | 5,550 |
| 15,00,000 (Joint Account) | 9,250 |
Eligibility to Open an Account
- Individual or Joint Accounts: You can open an account individually or jointly (up to 3 people).
- Guardians for Minors or Disabled: Parents or guardians can open accounts on behalf of minors or mentally challenged individuals.
- Age Requirement: Any adult can invest; minors can also hold accounts with parental assistance.
Post Office Scheme
Scheme Details
- Maturity Period: 5 years.
- Premature Withdrawal:
- After 1 year, with a 2% penalty.
- After 3 years, with a 1% penalty.
- Before 1 year: Not allowed.
Investment Limits
| Account Type | Minimum Investment (₹) | Maximum Investment (₹) |
|---|---|---|
| Individual Account | 1,000 | 9,00,000 |
| Joint Account | 1,000 | 15,00,000 |
How to Start?
- Visit your nearest Post Office.
- Fill out the account opening form.
- Submit KYC documents such as Aadhaar, PAN, and photographs.
- Deposit the investment amount via cash, cheque, or demand draft.
How to Withdraw Monthly Income?
- Monthly interest can be withdrawn or credited to your Post Office savings account.
- No additional interest is earned if the monthly interest remains unwithdrawn.
Benefits of the Post Office MIS
- Regular Income: Get a fixed monthly return directly credited to your savings account.
- Risk-Free Investment: Your money is 100% secure with the government.
- Flexible Options: Start small and gradually increase your investment.
Don’t wait! Secure your future with the Post Office Monthly Investment Scheme today. Visit your nearest Post Office and start earning a regular monthly income! Post Office Scheme
More Jobs
Govt. Jobs
Leave a Comment