It is very important for every person to invest their money. There are many types of schemes available for investing money. At the same time, many such schemes are also being run by the government, in which people can invest their money and earn very good profits. You can earn profit by investing in many types of schemes in the post office. If you are also looking for a better scheme to invest money, then this news is going to be very important for you. Today we will tell you about such a scheme of the post office, in which you can earn Rs 10,000 every month by investing.

We are talking about the Post Office Monthly Income Scheme (MIS). You can earn income every month by investing in this scheme of the Post Office. Let us know about the Monthly Income Scheme.

Monthly Income Scheme (MIS)

In Monthly Income Scheme, you get a return at the interest rate of 7.4 percent. To invest in this scheme, you have to open your account in the post office, which you can open with an investment of only Rs 1000. You can invest a maximum of 9 lakh rupees in this scheme. On the other hand, if you open a joint account with your wife, then you can invest a maximum of 15 lakh rupees.

By investing like this, you will earn every month

If you open a joint account with your wife in the Monthly Income Scheme and invest Rs 15 lakh in it, you will get Rs 9250 every month as interest. This scheme will mature after 5 years, after which you will get your money back. You can earn Rs 9250 every month for the entire 5 years until the scheme matures.

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The post Post Office Super Scheme: You will earn up to Rs 10,000 every month by investing with your wife. Key Details Inside first appeared on Rightsofemployees.com.

Post Office Yojna : Do you also want that your savings keep giving you money like your salary every month? Here we are telling you about a scheme of Post Office in which you will get Rs 20,500 every month. You will get monthly income of Rs 20,500 for the entire 5 years. With monthly savings, there will be no tension of expenses. The name of this scheme of Post Office is Senior Citizen Saving Scheme. This scheme of Post Office gives a fixed income to senior citizens every month. Here we are telling the complete calculation of the monthly scheme of Post Office.

Post Office Senior Citizen Savings Scheme

This scheme of the post office has been made keeping in mind the people of 60 years of age so that senior citizens can get regular income after retirement. This scheme is also for those who have taken VRS. The government is currently giving interest at the rate of 8.2 percent on this scheme. If senior citizens deposit Rs 15 lakh at once in this scheme, then they can earn Rs 10,250 every quarter. In 5 years, you will earn up to Rs 2 lakh from interest only. If you invest your retirement money in this, that is, maximum Rs 30 lakh, then you will get an interest of Rs 2,46,000 every year. That is, you will get Rs 20,500 on a monthly basis and Rs 61,500 on a quarterly basis.

Also Read: Big relief for students..! School summer holidays extended in these states. Check Details Here

Tax exemption is available on post office scheme

You can start investing in Post Office Senior Citizen Savings Scheme with a minimum of Rs 1000. Investors can invest a maximum of Rs 30 lakh in it. The money or interest you get every month in this scheme depends on your investment. By investing in this scheme, you will get exemption under 80C.

Calculation of Senior Citizen Savings Scheme

• Lump deposit amount: Rs 30 lakh
• Period: 5 years
• Interest Rate: 8.2%
• Amount on maturity: Rs 42,30,000
• Interest income: Rs 12,30,000
• Quarterly income: Rs 61,500
• Monthly income: Rs 20,500
• Annual Interest – Rs 2,46,000

Benefits of Senior Citizen Savings Scheme

This savings scheme is being run by the Government of India. That is, your money will be safe and there will be guaranteed income. In this, investors get tax exemption up to Rs 1.5 lakh every year under Income Tax Act Section 80C. Interest is received at the rate of 8.2% every year. In this, interest money is received every 3 months. Interest is deposited in the account on the first day of April, July, October and January every year.

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In this scheme, depositors get bumper interest up to 7.5 percent. Apart from this, it also helps in saving tax. Broadly speaking, if you deposit Rs 2 lakh lump sum in this scheme, then you will get around Rs 90 thousand as interest. Apart from this, the principal amount of 2 lakh will also be returned on completion of time. Let us give complete information about this scheme.

Maturity is of 1-5 years

According to the information available on India Post’s website, Post Office Time Deposit Account can be opened for 4 different tenures. Interest rate is 6.8% for 1 year, 6.9% for 2 years, 7% for 3 years and 7.5% for 5 years. Interest is paid annually and calculated quarterly. A minimum investment of Rs 1000 can be made. Beyond that, investments can be made in multiples of Rs.100.

90 thousand will be given only as interest

According to the Post Office Time Deposit Calculator, if an investor deposits Rs 2 lakh in this scheme for 5 years, then he will get a total of Rs 89990 as interest. On completion of the period of five years, he will also get back the principal amount of Rs 2 lakh.

Tax benefit is available on time deposit of 5 years

If the Post Office Time Deposit account is opened for 5 years, then tax benefit is also available on it. Deduction can be availed under section 80C on the investment amount. Talking about other features of this scheme, it can be opened single or joint. Pre-mature closure is possible only after at least 6 months if the investment is made once.

Investors can open any number of accounts

If an investor wants to extend the Post Office Time Deposit account, then after maturity, he can extend it for the same time period. An investor can open any number of accounts in his name. One important thing is that even if you do not withdraw the interest amount received on annual basis, it will remain in the account like dead money. There is no separate interest on this.

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The best part is that there is a guaranteed and safe return on the amount saved. One such scheme is Kisan Vikas Patra, in which the investment amount doubles in a fixed period. The government has also increased the interest rates available on the scheme at the beginning of the year.

Awesome post office scheme

In Kisan Vikas Patra scheme, the amount of investment doubles in only 120 months i.e. 10 years. From January 1, 2023, the interest rate available every year in the scheme has been increased to 7.2%. The special thing is that in this scheme, the investor can start saving with an investment of Rs 1000 every month. There is no maximum investment limit in this, but at least 1000 rupees have to be invested.

The money in the scheme is double

You have invested Rs 10 lakh in lump sum in Kisan Vikas Patra. So the investment amount will double to Rs 20 lakh in 120 months at an interest rate of 7.2% per annum. In this, the investment amount of Rs 10 lakh, the amount of interest earned by adding Rs 10 lakh becomes Rs 20 lakh on maturity.

Special feature of the scheme

The Kisan Vikas Patra scheme started in the year 1988. In this, tax deduction of up to Rs 1.5 lakh is available under section 80C on investment. In 2014, the government had made PAN card mandatory for investments above Rs 50,000 to avoid the menace of money laundering. If investing 10 lakh or more, then income proof will also have to be submitted, such as ITR, salary slip and bank statement. Apart from this, Aadhaar also has to be given as an identity card.

The post Post Office Super Scheme: ₹ 10 lakh will become guaranteed ₹ 20 lakh, this scheme doubles the money in 120 months first appeared on Rightsofemployees.com.