In this government scheme, you can open an account yourself or together with both husband and wife. Once you deposit money in this scheme, a fixed amount comes into your account every month.
Govt Scheme: It is always safe to invest in government schemes. There are many such schemes of post office, in which you get high returns along with safe investment.
Today we will tell you about such a scheme of post office, in which you get good income every month once you invest. In this scheme of Post Office, you have to deposit lump sum money, after that every month interest money is received in the form of pension.
Maturity time is 5 years
In this scheme of post office, both husband and wife can open an account together. If you are not married then you can open this account alone. The name of this post office scheme is ‘Monthly Saving Scheme’. In this, the maturity time is 5 years for depositing lump sum money.
How much can you invest
Your money is completely safe by investing here. The return received in this is somehow different from the ups and downs of the stock market. In this scheme, a maximum of Rs 4.5 lakh (Rs 4.5 lakh) can be invested in the name of an individual. If there is a joint account of husband and wife, then this amount increases to Rs 9 lakh.
On what basis will the money be received every month?
This scheme has an interest rate of 6.6% per annum. That is, if you deposit Rs 9 lakh, then your interest every year is Rs 59,400. By dividing it in 12 months, you get Rs 4950 every month. The investment made in it matures in 5 years. If you want, on completion of 5 years, you can extend it twice for 5-5 years.
How much money will be received on the pre-mature account?
As we have mentioned, the maturity time of this account is 5 years. But if you pre-mature this account, then after deducting 2 percent of the deposit amount, it is refunded after 3 years. But after 3 years, after deducting 1% of the amount, the money is returned to you.
