New Delhi: Every investor has only one dream – the money should be completely safe and the returns should be such that the heart becomes happy. If you are also looking for a scheme where there is ‘zero risk’ and the income is guaranteed every month, then this government scheme of the post office can prove to be a lottery for you. The most special thing about this scheme is that you just have to invest the money once and then Rs 9,250 will keep coming into your account every month for the next 5 years. Not only this, after the completion of time you will get back all your invested money.
What is this magical scheme? We are talking about the post office Monthly Income Scheme (MIS) of. This scheme is a boon for those who want guaranteed income by staying away from the ups and downs of the stock market. In this, your money remains under the protection of government. There are many investment options in the scheme, but all have the same maturity period. The best thing is that if you suddenly need money, you also get the facility to withdraw the money after one year.
How does the mathematics of investment work? In this MIS scheme of Post Office, you can deposit money for 5 years. Talking about the investment limit, a single person can invest a maximum of Rs 9 lakh. Whereas, if you open a joint account, then three people together can invest a maximum of Rs 15 lakh. As soon as 5 years are completed, you can withdraw your entire principal amount.
Monthly income calculation If you invest Rs 9 lakh in this scheme alone, you will get a return of Rs 5,550 every month. That means Rs 66,600 will come into your pocket in a year. At the same time, if three people together make a big investment of Rs 15 lakh, then the returns received every month will increase. Rs 9,250 Will be done. According to this, you will earn a total of Rs 1.11 lakh in a year. The special thing is that parents can open this account in the name of their minor children also.
The biggest feature of this scheme The most flexible thing about MIS scheme is that you are given the option to withdraw money after 1 year. However, if you run it for full 5 years, you get maximum benefits. Whatever interest is earned on your investment is automatically credited to your bank account or post office savings account every month. Even though it may not show much return, it has no competition in terms of security.
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