Each scheme comes with specific features such as tenure, eligibility, deposit limits and interest rates. The schemes launched by the government benefit different sections of the society.

Many Savings Schemes

Some savings schemes are for senior citizens, some are targeted for the welfare of women. There are special schemes for farmers as well as salaried people. Here we are going to tell you about a special scheme, from which people can take a lot of advantage. Whereas now we are going to tell you about a scheme of the post office.

National Savings (Monthly Income Account) Scheme

This savings scheme of the government is very special. People can also earn a certain amount of interest from the National Savings (Monthly Income Account) scheme. In this, a maximum of Rs 9 lakh can be deposited in a single account and Rs 15 lakh in a joint account. At the same time, the account matures after 5 years.

Maximum Amount

A depositor can operate more than one account under this scheme subject to the maximum amount that can be invested in a single or joint account. At the same time, this account can be closed prematurely after one year. However, if it is closed before 3 years, then there will be a deduction of 2%. If the account is closed after the end of three years, 1% of the deposit will be deducted. In this account, 7.1% interest is given from January 1 to March 31, 2023.

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