Guaranteed profit every month on this post office scheme
You have one-time money and you want to invest in such a place that where you get fixed returns every month, you may have worked for the Post Office Monthly Income Scheme (MIS) for you. MIS gives you the chance of fixed income every month. This is better for those who are looking for some good option for income in other ways. Under the scheme, you have to open an account at least Rs. 1500 in the post office. You can increase the scheme for 5 years every 5 years. That is, this scheme can be a way of life earning for you.
What is this scheme
Can invest in Post Office Monthly Investment Scheme i.e. POMIS This is a government scheme in which once the money is invested there is fixed income every month. Experts consider this plan to be one of the best investment options because it has 4 major advantages. Anyone can open and your deposit is always maintained. You get better returns than bank FD or debt instrument. This gives you a fixed income every month and after completion of the scheme, you get your full deposit, which you can invest in this scheme again and maintain a monthly income.
Who can open the account
You can also open an account with your child's name. If the child is less than 10 years old then the account can be opened on behalf of his parent or legal guardian. If the child is 10 years old, he can also get the right to operate the account. At the same time, he gets his own responsibility when he is an adult.
How much to invest, anyone can open an investment-oriented investment scheme. If your account is single, then you can deposit up to 4.5 lakh maximum in it. It can be deposited at least Rs. 1500. At the same time, if your account is zero, then a maximum of 9 lakh can be deposited in it. A person can open accounts according to the limit fixed by one or more than one post office.
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