Post Office: Tremendous scheme of Post Office, husband and wife deposit money together, earn Rs 1.85 lakh from interest..
Increasing expenses can drain your pocket quickly. In such a situation, if you want to earn every month, then the Post Office's Small Savings Scheme can help you. The special thing is that in the PO scheme, husband and wife can open a joint account together. The return in the post office scheme is guaranteed by the government. For this reason, one can invest in it without the tension of losing money. Since there is no risk, you can invest money in the Post Office Monthly Income Scheme (POMIS).
By depositing money in POMIS, you get money every month. The maturity of this scheme is 5 years and a single or joint account can be opened in it. For your information, let us tell you that the interest available in this scheme has been increased from October. Now if you invest in this scheme, you will be offered interest at the rate of 7.4%. Note, that every quarter the government changes the interest received from POMIS.
Know this important thing before investing in POMIS
If you are planning to open a single account in the post office scheme, then only up to Rs 9 lakh can be deposited. At the same time, if both husband and wife together open a joint account, then in this case only up to Rs 15 lakh is allowed to be deposited.
If husband and wife open a joint account then these will be the rules
In POMIS, 2 or 3 people can open a joint account. All joint account holders get equal shares. Know that if someone wants a single account instead of a joint account, then it is also possible to do so.
Talking about withdrawal, if you withdraw money within 1-3 years, the amount will be returned to you after deducting 2% interest. At the same time, if you want to withdraw money after 3 years, then the money will be returned to you after deducting 1% of the deposit amount.
POMIS: You will get this much interest on investment of Rs 5 lakh
Suppose you invest ₹ 5,00,000 in this scheme. In 5 years you will get interest at the rate of 7.4% per annum. In this case, you will get Rs 3,084 from interest every month. At the same time, your total interest will be Rs 1,85,000.
This means that if you invest Rs 5 lakh for 5 years, you will get only interest of Rs 1,85,000 on POMIS account maturity. At the same time, more than Rs 3,000 will continue to come into the account every month.
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