Post Office Scheme: Golden Opportunity to Earn Rs 5 Lakhs From Your Home! Check Out THIS Superhit Scheme

Post Office Scheme: The Post Office Monthly Savings Scheme is the right choice if you're looking to invest in a plan that will guarantee the safety of your money while simultaneously providing you with a steady stream of income. You may find it to be quite helpful. The wonderful part about this programme is that your investment is 100% safe no matter how much you put in. Additionally, you continue to receive monthly interest on your investment.

Flexibility for Varied Preferences

It is possible to open a single or joint Post Office MIS account. The deposit limit for you rises if you open this account jointly with your brother, wife, or any other relative. This is more advantageous to you. Under such circumstances, you can use this strategy to earn Rs 5,55,000 while relaxing at home.

Deposit-Based Structure

The Post Office Monthly Savings Plan is a deposit-based programme. This includes a lump sum deposit of income each month. The post office savings account receives a monthly payment of interest on the account. You can withdraw the money you deposited after five years. After the plan matures, you can register a new account to continue receiving benefits.

The Flexibility of Single and Joint Account Options

Under this programme, you can open a single or joint account. A joint account can be opened jointly by two or three individuals. Up to Rs 9 lakh and up to Rs 15 lakh, respectively, can be deposited into a single or joint account. It goes without saying that higher deposits will result in higher earnings. If you and your spouse create this account together in this scenario, the interest alone will yield you over Rs 5 lakh.

Attractive Interest Rate

Currently, the Post Office Monthly Savings Scheme offers interest at a rate of 7.4%. If you and your spouse put Rs 15 lakh into this, you will receive an income of Rs 9,250 per month at an interest rate of 7.4%. A guaranteed annual income of Rs. 1,11,000 will result from this. 5,55,000 x 1,111,000 = In this manner, the two of them will only receive interest of Rs 5,55,000 in five years.

However, you can only deposit a maximum of Rs 9 lakh if you open this account as a single account. In this instance, the monthly interest payment will be Rs 5,550. This means that you can take in Rs 66,600 as interest in a year and earn Rs 3,33,000 in interest alone in five years.

Open to All Nationals

Any national can register for the Post Office Monthly Income Scheme and open an account. It is also possible to open an account in the child's name. The child's parents or legal guardian may open the account in his name if he is younger than ten years old. The child may be eligible to take control of the account on his own when he turns ten years old. Let us inform you that in order to have a MIS account, you need to have a post office savings account. Aadhar and PAN cards must be shown as identification proof.

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