Is the advantage of the scheme
Many people put their savings in a Risky investment for other income. At the same time, the market also has its own risks, where fixed returns are not guaranteed. Many people put a one-time money saving account, where the interest is very low. In such a post office scheme, POMIS is a safe option. It will also earn you money every month and after the completion of the scheme, you will get all the money deposited in the post office. The special thing is that every 5 years after the scheme, you can increase it further whenever you want through the same account. This means that for years you will be guaranteed income.
How will the monthly income upto Rs. 5500
If your account is single, then you can deposit up to 4.5 lakh maximum. At least 1500 rupees can be deposited. At the same time, if your account is zero, then a maximum of 9 lakh can be deposited in it. A person can open the account in accordance with the limits set by the post office. Maturity Period is 5 years. After five years, you can invest your capital again in the scheme.
Monthly income will be
Under the moneylie investment scheme, 7.3 percent interest is received annually.
- This annual interest is divided into 12 months, which keeps you on monthly basis.
-If you have deposited Rs 9 lakh, then your annual interest will be around 65700 rupees. In this sense, you will earn about Rs. 5500 every month.
You will get Rs 5500 every month, while you will get some more bonuses after 9 lakhs of maturity period.
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