New Delhi. Post office scheme is a great option to invest. Along with this it is very safe. In such a situation, if you want to earn money sitting at home, then this information is useful for you. By investing in Post Office’s Small Savings Scheme, you can earn handsome income sitting at home. For this, you will have to open a joint account in the post office with your wife.
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After opening the account, you will get a good income every month only from interest. Actually, we are talking about the monthly income scheme of the post office. By investing lump sum in this, you will get Rs 9250 every month on maturity. Husband and wife will get this amount separately. In this scheme, you can open both single and joint accounts.
You will get 7.4 percent annual interest.
You can invest up to Rs 9 lakh in the Post Office Monthly Income Scheme under a single account. Whereas in joint account i.e. wife and husband together can invest up to Rs 15 lakh. At present, investors are getting 7.4 percent annual interest on this scheme. If you wish, you can withdraw the total principal amount after the maturity period. You can extend it for 5-5 years. You will get interest of Rs 9250 every month on this, which will also be your monthly earning.
This is the account:
Under the monthly income scheme of the post office, you get guaranteed monthly income. Suppose, both you and your wife have opened a joint account in this scheme and deposited Rs 15 lakh in it, then you get Rs 1,11,000 annual interest on this investment at the rate of 7.4 percent. Now if you distribute it over 12 months, you will get Rs 9250 as interest every month. Let us tell you that you can open an account in this scheme with three people also. The interest received in the account will be given equally to every member.
Will there be loss on withdrawal before maturity?
The maturity of the MIS scheme of the post office is after 5 years. By the way, 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.
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