You must be aware that every scheme of the post office is made keeping the people in mind. Due to this, we are going to tell you about one of the best schemes of the post office, which can be availed by husband and wife together. Let us know about it…
Post office scheme: Everyone can invest in post office schemes. These are designed keeping in mind the people from lower to upper class. Since they are government owned, they are safe and they also give good returns. Even if you are worried about regular income after retirement, the post office is at your service.
You can earn good income every month by investing in the post scheme. You can also open this account with your wife. The Post Office has a special scheme for this named Post Office Monthly Income Scheme.
In this you can invest once and get pension every month. You will get this amount only from the interest on the deposit amount. In this you can get a pension of Rs 9250 every month. If you are investing money in this scheme alone then you can invest Rs 9 lakh. Whereas, if you start a joint account with your wife, then you can invest a total of Rs 15 lakh. Investors are currently getting 7.4 percent interest in it.
How much money will you get?
If you are investing money in a joint account with your wife, then the annual interest of Rs 15 lakh will be Rs 1,11,000. In this sense, every month you will get a pension of Rs 9250 only from interest. Apart from this, your money will be safe with the post office. You can also withdraw the principal amount after the maturity period. If you want, you can extend the scheme for another 5 years. It is worth noting that you can open this account with three people and in that case equal amount will be given to all three.
When does maturity occur?
The maturity of Post Office MIS Scheme is after 5 years. Well, you get premature closure for this. You can withdraw money after one year from the date of deposit. But if you withdraw money between one year to three years, you will get the money back after deducting 2 percent from the deposit amount. At the same time, if you withdraw money after 3 years, you will get the money after deducting 1 percent.
