If you are looking for such a scheme, in which you keep getting the benefit of pension every month by investing. In such a situation, you can invest in the monthly income scheme of the post office. You are getting many great benefits by investing in this post office scheme. In Monthly Income Scheme, you get a lock-in period of 5 years.

You also get the facility of transfer in this scheme. Suppose you are going to live in another city. In this case, you can transfer it to any post office at your convenience. In this scheme, you can also open a joint account with three people.

You can invest up to a maximum of Rs 9 lakh in the monthly income scheme of the post office. On the other hand, if you invest in this scheme by opening a joint account. In such a situation, you can invest a maximum amount of up to Rs 15 lakh in this scheme.

At present, the monthly income scheme of the post office is getting an interest rate of 7.4 percent. In such a situation, if you open a joint account in this scheme along with your wife and invest Rs 15 lakh.

In such a situation, both husband and wife together will get Rs 9,250 as interest every month. Your deposited principal in this scheme will remain the same. All the account holders have equal share in the joint account.

You can also open a minor account in the monthly income scheme of the post office. However, only a minor above 10 years can open his account in the monthly income scheme. You can easily open your account in this scheme by visiting the post office.

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