Post Office Monthly Income Scheme Post office scheme is also a very good option for investing. If you are also planning to invest your savings somewhere, then you can invest in the post office scheme. The government has revised the interest rates available at the post office. Let us know what is the new interest rate?
Many people invest in the Post Office Monthly Income Scheme (POMIS). This is considered a very good option to invest. The new interest rate has been announced for the July-September quarter of the financial year 2023-24. The interest rates of these schemes are updated every three months. The government has also decided to keep the interest rate constant for this quarter. This time also it has been decided to keep the interest rate at 7.4 percent.
Many people were assuming that this time there could be an increase in the interest rate. The interest rate has been revised in the last quarter. In the April-June quarter of the financial year 2023-24, it was decided to keep the interest rate of the Post Office Monthly Income Scheme at 7.4 per cent. The same interest rate will be applicable in this quarter as well.
How much is the limit
If you are also thinking of investing in these schemes, then let us tell you that you can invest only up to Rs 9 lakh in these schemes. This means that you can deposit only Rs 9 lakh. It is not allowed to invest more than this. If you invest in a Joint Post Office Monthly Income Scheme, then you can invest only up to Rs 15 lakh.
These savings schemes also give more interest
Let us tell you that the post office savings schemes include Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY) accounts, Kisan Vikas Patra (KVP), Post Office Monthly Income Scheme (POMIS) and Post Office Recurring Deposit (RD) schemes are included.
