Under this scheme, you will have to deposit a lump sum and on that you will get monthly interest income. The individual contributor can invest up to 4.5 lakhs in it.
Put 4.5 lakh rupees once and get millions in interest.
Post office is considered a good option for investment. Here you also get better returns. Today, you will tell about a saving scheme of the post office where you get an annual return of 6.6 percent. Under this scheme, you will have to deposit a lump sum and on that you will get monthly interest income. The individual contributor can invest up to 4.5 lakhs in it. Up to 9 lakhs can be invested in a joint account.
Your money is safe in the post office. The government guarantees your money. The name of this scheme is Post Office Monthly Income Scheme. Its scheme has a lock-in period of 5 years. You get full money after the investment matures. The specialty of this scheme is that it is completely free from the risk of the market and you get monthly interest. Returns are fully guaranteed. Being over 10 years old, this scheme can be taken advantage of in its name. In the name of Minor, his guardian can take advantage of this scheme. Under this scheme at least 1 thousand rupees and maximum 4.5 lakh rupees can be invested. Investment amount should be in multiple of 100.
You will get 6600 rupees every year for investing 1 lakh
There is a simple interest calculation on investing in this scheme. If you invest 1 lakh rupees, you will get 6600 rupees in a year and 550 rupees every month. They will continue to meet every month for five years. On investing 2 lakh rupees, 1100 rupees a month will get 13200 rupees and in five years a total of 66000 rupees. For investing 3 lakhs, you will get Rs. 1650, for investing Rs. 4 lakhs, you will get Rs. 2200 and for investing Rs. 4.5 lakhs you will get Rs. 2475. In one year, it will get 29700 rupees and in five years 1 lakh 48 thousand 500 rupees.
Withdrawal will be deducted if you withdraw before 5 years
On investing in this scheme, withdrawals cannot be withdrawn before 1 year. If the investment is withdrawn after one year and before three years, then 2% deduction will be deducted. After three years and before closing the account before five years a deduction charge of 1 percent will be deducted.
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