Post Office Saving Scheme Saving is an important part of everyone’s life, which can become a support whenever needed. Friends and relatives may not be able to help in difficult times, but investing in the right scheme can provide you financial security. With this thought, many people invest money in different savings schemes, such as mutual funds, fixed deposits (FD) or government savings schemes .

In such a case, if you are a senior citizen (Senior CitizensIf you fall in the category of ), then the Post Office Senior Citizens Saving Scheme (SCSS) can be a great option for you. By investing in this scheme, you get regular monthly interest, which maintains your financial stability. Let’s know about this scheme in detail…

Higher interest than FD

The post Post office saving scheme for senior citizens gives more return than fixed deposit, know details first appeared on Rightsofemployees.com.

The government has tried to regularize the accounts opened irregularly under the National Small Savings Schemes through the post office. A new circular has been issued for this. The Department of Economic Affairs, Ministry of Finance has issued this circular on August 21, 2024. These changes have been announced in it. Some of the popular schemes of Small Savings Schemes include Senior Citizen Savings Scheme, Sukanya Samriddhi Yojana, PPF, NPS, National Savings Certificate, Post Office Monthly Income, Kisan Vikas Patra, Employees Provident Fund Scheme, Recurring Deposit etc. The new changes will come into effect from October 1, 2024. According to a report in Economic Times, six categories have been identified for the change. The guidelines for these are as follows- Irregular NSS accounts, PPF accounts opened in the name of minor, multiple PPF accounts, NRI-extended PPF accounts and regularisation of Sukanya Samriddhi Accounts (SSA) opened on behalf of grandparents other than parents are the main categories.

1) Irregular NSS accounts

These have been classified into the following types:

• Two NSS-87 accounts opened before DG order
• Two NSS-87 accounts opened after DG order
• In case of more than two NSS-87 accounts

(a). NSS-87 accounts opened prior to DG Post Order No. 35-19/9GSB-III dated 2.4.1990:

(i). The account opened earlier will get the existing scheme rate.

(ii). The second account (opened after the first account) will receive the prevailing POSA (Post Office Savings Account) rate plus 2% on the outstanding amount.

(iii). Points (i) and (ii) will be subject to the following conditions:

(a). The cumulative deposit in both the accounts should not exceed the applicable deposit limit for each year.

(b). The excess deposit (if any) will be refunded to the investor without any interest.

(iv). Points (i) to (iii) are in the nature of one-time special dispensation given to the investors of NSS-87 from the date of OM dated 12th July 2024 issued by the Ministry of Finance till 30th September 2024.

(v). Both the accounts will receive zero interest from 1st October 2024.

(b). Two NSS-87 accounts opened after DG Post Order No. 35-19/90-SB-III dated 2.4.1990:

(i). The first account opened will get the prevailing scheme rate.

(ii). The second account (opened after the first account) will get the prevailing POSA rate on the outstanding amount.

(iii). Pointers (i) and (ii) are subject to the following conditions:

(a). The cumulative deposit in both the accounts should not exceed the applicable deposit limit for each year.

(b). The excess deposit (if any) will be refunded to the investor without any interest.

(iv). Points (i) to (iii) are in the nature of one-time special dispensation given to the investors of NSS-87 from the date of OM dated July 12, 2024 issued by the Ministry of Finance till September 30, 2024.

(v). Both the accounts will get zero per cent interest from October 1, 2024.

(c). In case of more than two NSS-87 accounts:

The rules mentioned for two accounts opened before/after DG Post Order No. 35-19/90-SB-III dated 2.4.1990 will apply. No interest will be paid for the third account or more irregular accounts. The principal will be refunded to the investor.

2. PPF account opened in the name of minor

(a). POSA interest will be paid for such irregular accounts till the person (minor) becomes eligible to open the account i.e. till the person attains the age of 18 years. Thereafter, applicable interest rate will be paid.

(b). The maturity period for such accounts will be calculated from the date when the minor attains majority i.e. the date when the person becomes eligible to open the account.

3. More than one PPF accounts

(a). The primary account will receive scheme rate provided the deposit is within the applicable limit for each year. (Primary account is one of the two accounts chosen by the investor in any post office/agency bank where the investor prefers to continue the account on regularization).

(b). The balance of the second account will be merged with the first account, provided the primary account remains within the appropriate investment limit each year. After merger the primary account will continue to enjoy the prevailing scheme rate of interest. The balance amount in the second account, if any, will be refunded with zero per cent interest rate.

(c). Any additional account other than the primary and the secondary account will earn zero per cent interest from the date of opening of that account.

4) Extension of PPF account on behalf of NRI

Only for PPF accounts of active NRIs opened under the Public Provident Fund Scheme (PPF), 1968, where Form H did not specifically ask for the residential status of the account holder, the account holder (Indian citizen who became an NRI) will be given POSA interest rate.

5) Small savings account opened in the name of minor (except PPF and SSY)

Such irregular accounts can be regularized with simple interest. The interest rate for calculating simple interest on the account should be the prevailing POSA rate.

6) Regularization of Sukanya Samriddhi Account (SSA) opened on behalf of grandparents other than guardian

(a). In case of accounts opened under the guardianship of grandparents (who are not legal guardians), the guardianship shall be transferred to the person entitled under the law, i.e., natural guardian (surviving parent) or legal guardian.

(b). If more than two accounts are opened in a family in violation of Para 3 of Sukanya Samriddhi Account Scheme, 2019, the irregular accounts shall be closed treating them as accounts opened in violation of the scheme guidelines.

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The post 6 Rules of Post Office Saving Schemes like Sukanya Samriddhi to PPF changed, will be implemented from October 1 first appeared on Rightsofemployees.com.

Post Office Monthly Income Scheme (Post Office MIS): If you are looking for investment scheme options for guaranteed returns, then you can also invest in Post Office scheme. In this scheme you can avail high returns without any risk.

Investors also get guaranteed returns in Post Office Monthly Income Scheme (Post Office MIS). In this scheme you can open single or joint account.

Apart from this, in this scheme you do not have to invest repeatedly i.e. you have to invest in lump sum. At present the annual interest rate in this scheme is 7.4 percent.

How to open account in Post Office MIS

You can open an account by going to your nearest post office. To open an account you have to fill the KYC form and attach a copy of PAN card.

If you open a joint account, you will also have to attach the PAN card of the other member.

Know about Post Office Monthly Income Scheme here

• In this scheme the person gets interest every month. As soon as the investor opens the account and till the account matures
• Interest is added at the end of every month.
• The interest in this scheme is revised every quarter.
• The tenure of this scheme is 5 years.
• The investor cannot make any withdrawal from the account for 1 year after the account is opened.
• If the investor closes the account before 3 years, an amount of 2 percent is deducted from the principal amount. There is a deduction of 1 percent on closing the account after 3 years.
  In this scheme, you can invest a maximum of Rs 15 lakh and a minimum of Rs 1,000 in an account.

Post Office MIS Calculator

If you have invested Rs 5 lakh in the post office scheme, then you will get interest income of Rs 3,083 every month at the rate of 7.4 percent interest. If you calculate in this way, you will get interest income of Rs 36,996 in one year.

Property Illegal Possession : If someone has taken illegal possession of the property, then do this immediately

The post Post Office Saving Scheme! There will be income every month, know what benefits you will get first appeared on Rightsofemployees.com.

At present, India Post is offering interest rates on time deposits of 6.9 percent for one year, 7 percent for two years, 7.1 percent for three years and 7.5 percent for five years. In such a situation, if you want to invest Rs 1 lakh in these different periods, then the returns can be easily understood.

Return on time deposit for 1 year

If you invest Rs 1 lakh in Post Office Time Deposit Scheme for a year, then according to the GROW calculator at 6.9 percent interest rate, you will get a total of Rs 1,07,081 on maturity. In this you will get Rs 7,081 as interest amount.

Return on time deposit for 2 years

When you invest Rs 1 lakh in a two-year time deposit scheme, then according to the calculator, you will get a total of Rs 1,14,888 on maturity at 7 percent interest rate. In this total amount, you will get Rs 14,888 as interest amount.

Return on time deposit for 3 years

By investing Rs 1 lakh in a 3-year post office time deposit or FD scheme, you will get a total of Rs 1,23,508 on maturity at an interest rate of 7.1 percent. In this you will get Rs 23,508 as return or interest.

Return on time deposit for 5 years

If you invest Rs 1 lakh today in this longest tenure time deposit scheme for 5 years, then at the rate of 7.5 percent interest, according to Grow Collector, you will get a total of Rs 1,44,995 on maturity. In this you will get a return of Rs 44,995 as interest.

The post Post FD Scheme: How much return will you get on FD of ₹ 1 lakh for 1,2,3,5 years in Post Office? first appeared on Rightsofemployees.com.

Interest is available at 7.5 percent.

Everyone wants to save some of their earnings and invest it in a place where their money remains safe and they can get excellent returns on it. In this matter, small savings schemes run by the post office are now proving to be very popular. Talking about Post Office Time Deposit Scheme, it offers huge interest as well as great benefits. The interest received on investment in this scheme is 7.5 percent.

There was a change in the interest rates in April.

The interest rates of small savings schemes (Govt Small Saving Schemes) are revised by the government every three months and on April 1, 2023 itself, this post office time deposit for a period of five years is revised. The interest rate available in the scheme was increased from 7 percent to 7.5 percent. With this interest rate, this post office scheme is one of the best savings schemes because it is becoming popular among investors due to the guaranteed income.

You can invest for these tenures.

Investors can invest in this saving scheme of Post Office for different tenures. Under this, money can be deposited for 1 year, 2 years, 3 years and 5 years. If you invest for one year, you get 6.9 percent interest, if you invest money for 2 or 3 years, you get 7 percent interest and if you invest in Post Office Time Deposit Scheme for 5 years, you get 7.5 percent interest. . However, it takes more than five years for the customer’s investment to double.

Earning of more than Rs 2 lakh from interest:

If we look at the calculation of doubling of investors’ money in post office time deposit, then suppose a customer invests Rs 5 lakh for five years and he gets interest at the rate of 7.5 percent on it. Then during this period he will get interest of Rs 2,24,974 on the deposit and the total maturity amount including the investment amount will increase to Rs 7,24,974. That means you can earn guaranteed income of lakhs of rupees by investing in it.

Benefit of tax exemption is also available.

In Time Deposit Scheme, the customer is also given the benefit of tax exemption under Section 80C of the Income Tax Department Act 1961. In this savings scheme, single account or joint account can be opened. The account of a child above 10 years of age can be opened through his family member. In this, an account can be opened with a minimum of Rs 1,000. In which interest money is added on annual basis.

The post Best Post Office Saving Scheme! Invest money once, you will earn more than Rs 2 lakh only from interest first appeared on Rightsofemployees.com.

Small Saving Scheme is the best option for people looking for a fixed income investment option. These schemes include Public Provident Fund (PPF), National Savings Certificate and Post Office Saving Scheme. All these saving schemes are being run by the government. The returns received on this are guaranteed. These are the interest rates on small savings schemes.

What are Small Saving Schemes?

Small Savings Scheme motivates citizens to save regularly. These schemes are of three types. Saving Schemes, Social Security Schemes and Monthly Income Schemes. Saving schemes include 1 to 3 year deposit scheme, 5 year RD. Savings certificates like National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) are also included. Social security schemes include Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Saving Scheme.

Interest on small savings scheme

Saving Account – 4 percent

1 year post office FD – 6.9 percent

2 year post office FD – 7.0 percent

3 year post office FD – 7 percent

5 year post office FD: 7.5 percent

5 year RD: 6.70 percent

National Savings Certificate (NSC): 7.7 percent

Kisan Vikas Patra: 7.5 percent (mature in 115 months)

Public Provident Fund: 7.1 percent

Sukanya Samridhi Account (Sukanya Samridhi Yojana): 8.0 percent

Senior Citizen Saving Scheme: 8.2 percent

Monthly Income Scheme: 7.4 percent

Among big banks, HDFC Bank is offering maximum interest of up to 7.75 percent on FD. SBI is giving interest up to 7.50 percent annually on FD. The government is offering interest ranging from 4 percent to 8.2 percent on small savings schemes. The government will revise the interest rates on such schemes for October-December 2023 later this month. It is believed that there is little scope for change in these.

The post How much interest is being received on PPF, Post Office FD and RD, check interest rate first appeared on Rightsofemployees.com.

When it comes to safe investment, the name of post office comes in the mind of most people. All the post office schemes are run by the Government of India and its interest is also decided by the government. This is the reason why people consider investing money in post office schemes as the safest. In these post office schemes, you can get exemption under 80C on investment up to Rs 1.50 lakh.

National Savings Certificate (NSC)

You can invest a minimum of Rs 1,000 in an NSC scheme and in multiples of Rs 100 thereafter. There is no upper limit. The maturity of NSC scheme is 5 years. It earns interest at the rate of 7 per cent. This is exempted under 80C.

Senior Citizen Saving Scheme (SCSS)

If you are 60 years or more, you can open Senior Citizen Savings Account in the post office. Interest of 8 percent is available annually on this. SCSS has a maturity period of 5 years. You can invest up to a maximum of Rs 15 lakh in this.

Sukanya Samriddhi Yojana (SSY)

You can avail the benefits of Sukanya Samriddhi Yojana scheme by opening an account in the name of a girl child below 10 years of age. The girl child becomes the owner of the account when she turns 18 or becomes an adult. The current interest rate offered on Sukanya Samriddhi account is 7.6 per cent. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this account in a financial year. Sukanya Samriddhi Yojana comes under the category of tax exemption under section 80C of the Income Tax Act.

Post office time deposit

You can also invest in post office time deposit. You can invest up to a maximum of Rs 1.50 lakh in this. Tax exemption is available under 80C on 5 years deposit. You will get 7% interest on 5 years deposit.

Public Provident Fund (PPF)

Public Provident Fund (PPF) account is a long term plan. The maturity period in PPF is 15 years. This is exempted under 80C. In this, you can invest up to a maximum of Rs 1.50 lakh in a financial year. PPF gets 7.1 percent interest annually.

The post Top 5 Post office schemes… first appeared on Rightsofemployees.com.

Our accumulated capital always comes in handy in bad times. But the person remains confused as to where to invest, where his money is safe as well as he gets good returns. So, today we will tell you about one such scheme, where your money will be safe as well as you will get double return on maturity. This is the post office’s Kisan Vikas Patra Yojana.

Kisan Vikas Patra is a one time investment scheme of the Government of India, where your money doubles in a fixed period. Kisan Vikas Patra is present in all post offices and big banks of the country. The central government has increased the interest received on Kisan Vikas Patra from 7.2 percent to 7.5 percent annually from April 1, 2023. That is, now in this scheme your money will double more quickly.

Who can invest? 

The person investing in Kisan Vikas Patra (KVP) must be at least 18 years old. Apart from single account, there is also facility of joint account. At the same time, this scheme is also available for minors, who have to be looked after by the guardian. This scheme is also applicable for trusts other than Hindu Undivided Family ie HUF or NRI. To invest in Kisan Vikas Patra (KVP), there are certificates up to Rs 1000, Rs 5000, Rs 10,000 and Rs 50,000, which can be purchased.

How much interest is received

The government has increased the interest rates of this scheme from 1st April. Now you are getting returns at the rate of 7.5% per annum by investing in this scheme. From January 2023 to March 2023, it was taking 120 months to double the money in this scheme. But now your money will double in five months before that i.e. 115 months i.e. 9 years and 7 months only. If you put 2 lakhs in it in lump sum then you will get 4 lakhs back in 115 months. The good thing is that you also get the benefit of compounding interest in this scheme.

There is also the facility of transfer.

Kisan Vikas Patra can be encashed after two and a half years from the date of issue. KVP can also be transferred from one post office to another post office. Kisan Vikas Patra can be transferred from one person to another. Nomination facility is available in KVP. Kisan Vikas Patra is issued in the shape of a passbook.

The post Post office’s double return scheme, will double the profit on maturity first appeared on Rightsofemployees.com.

There are many investment options in public and private sector. In these too, the Postal Service Scheme is quite popular among the people. The post office investment scheme comes with a government guarantee. Also, the interest earned on post office schemes is higher than others. Let us know about these schemes.

15 Years PPF Fund Account

A minimum of Rs 500 and a maximum of Rs 1,50,000 can be invested in PPF in a financial year. Right now interest is being received at the rate of 7.1 per cent. Its maturity period is 15 years. However, it can be extended. In this, exemption is available under section 80C.

National Savings Certificates

National Savings Certificate comes with a maturity of 5 years. It is getting interest at the rate of 7 percent and this interest is available at the time of maturity. You can invest in NSC in multiples of Rs 100, 500, 1000, 5000 and 10,000. You can also use NSC to take a loan.

Sukanya Samriddhi

Sukanya Samriddhi Yojana is being run to promote the girl child. The government is paying an interest of 7.6 per cent on this. You can invest in this for a child up to 10 years of age.

Senior Citizen Savings Scheme

The maturity period of the senior citizen’s savings scheme is 5 years. You can invest in it in multiples of Rs 1,000. Can’t invest more than 15 lakhs in this. There is an interest of 8 percent on this. Individuals in the age group of 55 to 60 years can invest in this.

Post Office Monthly Income Scheme Account

The Post Office Monthly Income Scheme account offers an annual interest of 7.1 per cent. In this one has to invest in multiples of 1,500. You can invest a maximum of Rs 4.5 lakh in this. Rs 9 lakh has to be invested in a joint account.

The post Post Office Saving Scheme: You can invest in these post office schemes to save tax, check details here first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office launch new plan: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

There are many benefits of this account (Post Office Saving Scheme). This account can also be opened in the name of children above the age of 10 years. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you can pay tuition fee for the interest you will get every month. Let’s know all the details of this scheme.

Where and how to open account

• You can open this post office account (Post Office Monthly Income Scheme Benefits) by going to any post office.
• Under this, a minimum of Rs 1000 can be deposited and a maximum of Rs 4.5 lakh can be deposited.
• At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6%.
• If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name and if it is less then the parent can open this account instead. The maturity of this scheme is of 5 years. After that it can be turned off.

Calculation will be like this

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent. In five years, this interest will become a total of Rs 66 thousand and in the last you will also get a return of Rs 2 lakh (Post Office Monthly Income Scheme In Hindi). In this way, for a small child, you will get 1100 rupees which you can use for his education. This amount can become a good help for the parent.

1925 rupees will be available every month

The specialty of this account (Post Office Monthly Income Scheme Calculator) is that it can be opened a joint account with single or three adults. If you deposit Rs 3.50 lakh in this account, then you will get Rs 1925 every month at the current rate. This is a huge amount for the children studying in the school.

With the money of this interest (Post Office Monthly Income Scheme For Children), you can easily withdraw the expenses of school fees, tuition fees, pen-copy. On depositing the maximum limit of this scheme i.e. 4.5 lakhs, you can get the benefit of Rs 2475 every month.

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