Post Office Special Scheme: Wife can get a guaranteed income of ₹1,11,000 every year, check complete details

Post Office Special Scheme: If you have a lump sum amount but no source of regular income, then there is no need to worry. There is a great scheme of the post office which can remove this worry of yours. This scheme will give you a fixed income every month without any risk. If you make your wife a partner in this, then you can earn ₹ 1,11,000 rupees every year while sitting at home.

Know about this great scheme

We are talking about the Post Office Monthly Income Scheme (POMIS). As its name suggests, this scheme gives you income every month. In this, you have to deposit the amount once for 5 years. You earn interest on this amount.

This way you will earn ₹1,11,000 annually

In this Monthly Income Scheme (MIS) of the post office, you can deposit up to Rs 9 lakh in a single account and Rs 15 lakh in a joint account. Currently, this scheme gives an interest rate of 7.4 percent. In such a situation, if you open an account with your wife and deposit Rs 15,00,000, then you can earn Rs 1,11,000 annually and Rs 5,55,000 in 5 years. Let us tell you that in this scheme, apart from your wife, you can also open a joint account with your brother or any family member. Since the joint income of the husband and wife is a part of the same family, it is advisable to open an account with the wife to get more benefits.

Understand how through calculation?

Currently, the Post Office Monthly Savings Scheme is giving an interest rate of 7.4%. If you deposit Rs 15 lakh in it along with your wife, then you will earn Rs 9,250 per month at the rate of 7.4% interest. 9,250 x 12 = Rs 1,11,000 per year guaranteed income. 1,11,000 x 5 = 5,55,000 In this way, both of you will earn Rs 5,55,000 in 5 years from interest alone.

How much will you earn if you open the account alone?

If you open this account as a single account, you can deposit a maximum of 9 lakh rupees. In this case, you will earn 5,550 rupees every month from interest. In this way, you can get 5,550 x 12 = 66,600 rupees as interest in a year. 66,600 x 5 = 3,33,000 rupees, in this way, you can earn a total of 3,33,000 rupees through interest in 5 years through a single account.

What will happen after the completion of 5 years?

The good thing about this scheme is that the interest you get every month keeps getting deposited in your post office savings account. Your original deposit amount (which you deposited initially) remains completely safe. After completion of 5 years, you get your entire deposit amount back. If you want, you can take advantage of this scheme further as well. For this, after completion of 5 years, you can open a new account again.

Who can open this account?

Any Indian citizen can open an account in this Monthly Income Scheme of the post office. This account can also be opened in the name of children. If the child is younger than 10 years, then his parents or legal guardians can open an account in his name. When the child turns 10, he can also operate this account himself. Keep in mind, to open an account in this scheme, it is necessary to have a savings account in the post office. Aadhar card and PAN card will also have to be given for identification.

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