If you are planning to invest in a scheme from which you get regular income, then this news is especially for you. Today we are going to tell you about a very great scheme of the post office. Its name is Post Office Monthly Income Scheme. By investing in this scheme, you will not only get regular income, but by investing money here, you will not have to face the dangers of any kind of market risks. This scheme is completely safe in terms of investment. Many people in the country are getting regular income by investing in this scheme of the post office. By investing in the Monthly Income Scheme of the Post Office, you are getting an interest rate of 7.4 percent. In this episode, let us know about this scheme in detail –

In this scheme of the post office, you have to make a lump sum investment. If you are opening a single account in this scheme, then you can invest a maximum of 9 lakh rupees. Whereas if you are opening a joint account here, then you can invest a maximum of 15 lakh rupees.

This regular income scheme of the post office has a lock-in period of 5 years. However, there are certain circumstances where you can close your account before five years and withdraw the deposited amount.

If you are married and open a joint account in this scheme with your wife and invest a lump sum of Rs 15 lakh, then both of you will get a total pension of Rs 9,250 every month.

Monthly Income Scheme is being run by the post office under the supervision of the central government. If you open a single account in this scheme of the post office and invest a lump sum of Rs 9 lakh in this scheme, then you will get a pension of Rs 5,550 every month.

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The maturity of this scheme is 5 years and 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, 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 under 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 share. 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.

You will get this much interest on investment of Rs 5 lakh

Suppose if 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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Finance Minister Nirmala Sitharaman has doubled the deposit limit in the Post Office Monthly Income Scheme Account. After this, if you open a single account, you can deposit up to Rs 9 lakh (earlier Rs 4.5 lakh). At the same time, the deposit limit for joint account will be Rs 15 lakh (earlier Rs 9 lakh). The increased investment limit will be applicable from the new financial year 2023-24. Joint account can be opened by minimum 3 people together. Investment has to be made only once in MIS account. Its maturity is of 5 years. That is, after five years you will start getting guaranteed monthly income.

POMIS: How the husband and wife will have a monthly income of ₹ 8,875

Monthly income is guaranteed in this post office scheme. Suppose, from the new financial year, if husband and wife open a joint account and deposit Rs 18 lakh in it. Right now 7.1 percent interest is being received on MIS. In this way, interest of Rs 5,32,500 will be generated on maturity of five years. That is, in 5 years you can make a total fund of Rs 20.32 lakh. After maturity, the annual interest will be Rs 1,06,500 lakh. Means, if we talk about monthly income, then husband and wife will start earning interest of ₹ 8,875 every month.

According to the current rule, two or three people can also open a joint account in MIS. The income received in return of this account is given equally to every member. Joint account can be converted into single account anytime. Single account can also be converted into joint account. To make any kind of change in the account, a joint application has to be given by all the account members. Please tell here, that the government reviews the interest rates every quarter.

POMIS: There is an option to stop premature

Maturity of MIS of post office is 5 years, there can be premature closure. However, you can withdraw money only after completion of one year from the date of deposit. According to the rules, if the money is withdrawn between one year to three years, then 2% of the deposit amount will be deducted and returned. If you withdraw money anytime before maturity after 3 years of account opening, then 1% of your deposit amount will be deducted and returned.

Post Office Monthly Investment Scheme can be opened by any citizen of the country, be it an adult or a minor. You can also open an account in the name of your child. If the child is below 10 years of age, then the account can be opened in his name on behalf of his parents or legal guardian. When the child is 10 years old, he himself can get the right to operate the account.

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What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.

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New Delhi. Post Office is the best option for saving. A special scheme is run by the post office, through which both husband and wife together can earn Rs 59,400 annually. The name of this scheme is Post Office Monthly Savings Scheme (Post Office MIS), through which you earn fixed income every month. If you talk about monthly earnings, then you can earn Rs 4950 every month in this.

In the Post Office Monthly Savings Scheme, wife and husband can earn together every month. You can also open a joint account in this. Let us tell you how you will get double benefit in this scheme.

You will earn so much annually, in this scheme, through a joint account, your profit doubles in it. Today, we are giving you complete information about this special scheme, how by joining it, the husband wife can earn up to Rs 59,400 annually through this scheme.

What is MIS Scheme

The account opened in MIS scheme can be opened both single and jointly. You can invest a minimum of Rs 1,000 and a maximum of Rs 4.5 lakh in this scheme while opening a personal account. But, up to a maximum of Rs 9 lakh can be deposited in a joint account. This scheme is very beneficial for retired employees and senior citizens.

What are the benefits?

The good thing about MIS is that two or three people together can open a joint account. The income received in exchange for this account is given equally to every member. You can convert a joint account to a single account at any time. Single account can also be converted into joint account. To make any changes in the account, a joint application has to be given by all the account members.

Let us tell you how the scheme works, in this scheme you are currently getting an annual interest rate of 6.6 percent. Under the scheme, returns are calculated on the basis of annual interest on your total deposits. In this, your total return is made on an annual basis. Therefore it is divided into 12 parts according to every month. You can add this part to your account every month. If you do not need it on a monthly basis, then by adding this amount to the principal amount, you get interest on it.

Let us understand from the example how the income will be , assuming that a husband and wife have invested Rs 9 lakh in a joint account under this scheme. The annual return on a deposit of 9 lakhs at 6.6 per cent interest rate will be Rs 59,400. If it is divided into 12 parts, then it will be Rs 4950 monthly. That is, you can ask for Rs 4950 in your account every month. At the same time, your principal will be kept completely safe. If you want, you can extend the scheme after 5 years and for 5 more years.

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Investment in the post office scheme is 100% safe. It is not affected by market fluctuations.

POMIS: 9 lakh deposit in joint account

Under this scheme of the post office, a maximum deposit of Rs 4.5 lakh can be deposited in a single account, while the maximum deposit limit is Rs 9 lakh in a joint account. At present, the scheme is getting an annual interest of 6.6 percent. If you wish, your total principal amount will be returned after the maturity period of 5 years. At the same time, it can be extended further by 5–5 years. After every 5 years, there will be an option to take your principal amount or extend the scheme.

Husband and wife will have monthly income of Rs 4,950

Suppose, husband and wife have opened a joint account and deposited Rs 9 lakh in it. The interest on this is Rs 59,400 per annum at the rate of 6.6 per cent. If you divide it in 12 months, you will get Rs 4,950 every month. According to the rules, two or three people can also open a joint account in MIS.

The income received in exchange for this account is given equally to every member. You can convert a joint account to a single account at any time. Single account can also be converted into joint account. To make any changes in the account, a joint application has to be given by all the account members.

The post office’s monthly investment scheme can be opened by a citizen of any country, whether it is an adult or a minor. You can also open an account in the name of your child. If the child is less than 10 years of age, then the account can be opened in his name on behalf of his parent or legal guardian. When the child attains the age of 10 years, he himself can also get the right to operate the account.

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