Post Office Scheme 2024 : Husband and wife will get Rs 27,000 every month, it will be deposited in the account in 2 days.

Post Office Scheme: Post Office is a good option for assured and safe investment. The post office runs several small savings schemes for common citizens. In this article we will see how husband and wife can open a joint account and receive a fixed amount every month. Investors can invest in Post Office Monthly Income Scheme (POMIS). This scheme can be opened either single or joint. The central government has increased the interest rate of this scheme from April 1, 2023. Similarly, the investment limit has also been increased.

Post Office Scheme: Husband and wife will get Rs 27,000 every month, will be deposited in the account in 2 days

How to apply monthly income plan 2024

Post Office Scheme 2024

  • For this, the applicant will first have to go to the nearest branch of the post office.
  • After this the applicant should get complete information about this scheme from the employee present there.
  • After this the applicant will receive an application form from the employee there.

What are the features of POMIS?

  1.  The maximum period of Indian Post Office Monthly Income Scheme is 5 years.
  2. Minimum 1 and maximum 3 persons can hold Post Office MIS.
  3. Only the nominee will get all the plan benefits after the death of the investor.
  4. The nominee can be appointed later after the account is opened.
  5. Individuals can transfer their MIS account from one post office to another anywhere in India.
  6. There is no bonus feature for accounts opened after December 1, 2011.
  7. However, those opened before this get the benefit of 5% bonus.
  8.  Any income from this scheme is not subject to TDS or tax deduction.
  9. Post Office Monthly Income Scheme tax benefit is nil.

You can invest up to Rs 9 lakh

The government has also increased the investment limit for account holders investing under the Post Office Monthly Savings Scheme (POMIS). Earlier the investment limit for individual account holders was Rs 4.5 lakh, which has been increased to Rs 9 lakh. If we talk about joint account, then the maximum limit for it has been increased from earlier Rs 9 lakh to Rs 15 lakh. This increase in investment limit is effective from April 1, 2023. Once invested, you can arrange for fixed income every month under this scheme.

Interest is available at the rate of 7.4%

The returns in this monthly income scheme of Post Office are also excellent. From July 1, 2023, the interest on investment has been increased to 7.4 percent. The most important thing about this scheme is that by investing in it, the tension of your income every month ends. The maturity period of this government scheme is 5 years and money cannot be withdrawn from it until one year after the account is opened. In this you can open an account with just Rs 1000.

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