Postal scheme for 5 year and make yur money tripple
The Post Office Monthly Income Scheme (POMIS) is an excellent option for regular income. A husband and wife can jointly invest ₹15 lakh in this government scheme, which will provide them with a guaranteed monthly income of ₹9,250. This income will continue for 5 years. The most important feature is that after five years, you will receive your entire investment back safely.
In times of rising inflation, meeting monthly household expenses has become a major challenge. Monthly budgets often go off track. This concern is especially acute for those without a fixed source of income, such as our retired senior citizens. But what a relief it would be if you received a fixed amount in your bank account on a fixed date every month. To meet this need, the Indian Post Office offers a very effective and secure scheme known as the Post Office Monthly Income Scheme (POMIS). This is an excellent option for investors who do not want to take any risk on their savings and want a stable income every month.
Guaranteed monthly income of ₹9250, understand the complete math
The Post Office Monthly Income Scheme (POMIS) operates on a straightforward and simple investment process. You need to deposit a fixed amount in one lump sum. The annual interest earned on this deposit, based on the government-specified interest rate, is divided equally over 12 months and credited to your account every month. Currently, this scheme offers an attractive annual interest rate of 7.40 percent.
Now the question arises: how much will one earn? Suppose a person invests in this scheme alone, they can deposit a maximum of ₹9 lakh. At a rate of 7.40% on this ₹9 lakh, they will receive a fixed income of ₹5,550 per month. However, if you open this account jointly with your spouse, i.e. as a joint account, this scheme becomes even more beneficial. The investment limit in a joint account increases to ₹15 lakh. If a couple invests ₹15 lakh together, they will receive a lump sum of ₹9,250 per month. This amount is deposited directly into their post office savings account, which they can easily withdraw or use for their expenses.
Full money back safely after 5 years
One of the biggest concerns among new investors is the safety of their principal. The key advantage of POMIS is that it’s a central government scheme, meaning your money is 100% government guaranteed. It’s a fixed-income scheme, so it’s not exposed to stock market fluctuations. Your investment remains completely risk-free.
The maturity period of this plan is 5 years. The ₹9 lakh or ₹15 lakh you deposit is locked in for 5 years. During this period, you receive monthly interest. Once the 5 years are over, your entire invested amount (principal) is returned to you. This means that you received the monthly interest for 5 years and finally received your entire capital safely back.
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