Post Office Monthly Income Scheme

Post Office Monthly Income Scheme: Today we are going to tell you about a post office scheme in which you can get guaranteed returns every month by investing.  The name of this scheme is Post Office Monthly Income Scheme.

Post Office Monthly Income Scheme is a government backed scheme in which you will get a fixed amount every month by investing.

Under this scheme, the government is offering an interest rate of 7.4 percent in the July to September quarter.  The maturity of this scheme is 5 years.

In such a situation you will get a fixed amount every month for five consecutive years after investing once.  Under this scheme you can invest a maximum of 9 lakh rupees in one account.  You can invest Rs 15 lakh in a joint account.

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If you invest Rs 5 lakh in this scheme, you can get an interest of Rs 3,084 per month at an interest rate of 7.4 percent.

You can earn this interest monthly, quarterly, semi-annually or annually.

You can open this account by going to any nearby post office.