Postal MIS: Exciting news! You would get Rs. 9,000 per month with this plan

 Postal MIS: Exciting news! You would get Rs. 9,000 per month with this plan

Postal Service Today in this article, we're going to inform you about a Post Office program that allows you to make 9,000 rupees a month. Stay with the story until the very end to get all the specifics on this post office plan.

Everyone sets aside a portion of their salary and plans to invest it in a way that will result in both a sizable future fund and ongoing income after retirement. There should be plans in place for revenue as well. Post Office Savings Plans are particularly well-liked in this regard. You may get a consistent monthly income of Rs 9,000 by investing in the Post Office Monthly Income Scheme featured in this.

When it comes to secure investments, Post Office Schemes are in the lead.

In India, Post Office Savings Schemes are highly favored for safe investment. In addition, there are programs accessible for people of all ages, from young children to the elderly, who may benefit from them. It is superior to everyone, even in terms of interest. When it comes to options, the Post Office Monthly Income Scheme (POMIS) might be a fantastic choice. You will get a guaranteed monthly income after participating in this system, and your money will be fully protected.

The investment will be required for 5 years.

Not only is the money secure in this fantastic Post Office plan, but the interest rate is considerably higher than that of banks. This might be a lucrative bargain if you wish to invest for five years. Through a single account, you may invest in the Post Office Monthly Savings Scheme for as little as Rs 1,000 or as much as Rs 9 lakh. The maximum investment limit in a joint account, however, has been set at Rs. 15 lakh. In a joint account, a husband and wife may each invest up to Rs 15 lakh. A joint account may only have three investors.

You get such high returns on your investments—

You may begin investing in this post office plan if you wish to set up a monthly income for yourself after or before retirement. In this savings program, the government now offers yearly interest at a rate of 7.4%. The plan distributes the yearly interest on investments over a period of 12 months, after which you continue to earn this sum each month. If you don't take the money out each month, it will stay in your post office savings account and you may add it to the principal to earn further interest.

You will get more than Rs 9,000 in this manner each month.

You would need to register a joint account if you desire a regular income of more than Rs 9,000 per month. If you were to put Rs. 15 lakh in it, you would get Rs. 1.11 lakh in interest at a rate of 7.4% annually. You would get Rs 9,250 per month if you split the interest amount evenly among the 12 months of the year. In contrast, if you start investing by creating a single account, you would get Rs 66,600 in interest yearly, or Rs 5,550 per month, on a maximum investment of Rs 9 lakh in this program.

Where may an account for POMIS be opened?

creating an account in the Post Office Monthly Income Scheme is just as simple as creating accounts in the Post Office's other savings plans. Go to the closest post office to open this account. You only need to fill out a form for a National Savings Monthly Income Account, and you must deposit the required amount in cash or by check together with the completed form to start the account. You need both a PAN card and an Aadhaar card to create an account under this program.