p This post office scheme is great, guaranteed profit every month on investing in it. GTPADHIYAR: This post office scheme is great, guaranteed profit every month on investing in it.

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Tuesday, 23 July 2019

This post office scheme is great, guaranteed profit every month on investing in it.

If you are one of those who have a lump sum money and you want to invest in such a place that get fixed returns every month, then you can post office monthly income scheme i.e. MIS may work for you.  In fact, MIS gives you the chance of fixed income every month.

Tell that it is better for those who are looking for some good alternatives for income in other ways.  Actually, under this scheme, you have to open an account at least 1500 rupees in the post office.  Explain that this scheme can increase for 5 years in every 5 years.  That is, this scheme can be a way of life earning for you.

 Know what this scheme is

 You know that you can invest in Post Office Monthly Investment Scheme i.e. POIM.  Actually, it is a government scheme in which once the money is invested, there is a fixed income every month.  Explain that experts consider this scheme as one of the best investment options, because it has 4 big advantages.

 The special thing is that anyone can open it and your deposit is always maintained.  In fact, 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.

Know who can open account

 The special thing is that you can also open an account with your child's name.  Yes, in fact if the child is under 10 years old then the account can be opened on behalf of his parents or legal guardian.  At the same time, the child can get the right to operate the account even after 10 years of age.  Apart from this, he gets his own responsibility when he is adult.

 Know how much to invest

 For your information, please tell us that anyone can open the Monthly Investment Scheme Account.  In fact, if your account is single, then you can make up to 4.5 lakh maximum.  It can be deposited at least Rs. 1500.

 At the same time, if your account is zero, then a maximum of 9 lakh rupees can be deposited in it.  Explain that a person can open the account according to the limit fixed by more than one but by the post office.
Interest is not tax exempt

 It is known that there is no benefit of any tax exemption on the amount deposited in it and interest you get from it.  However, you can tell that the post office does not discontinue any kind of TDS on the earnings you make, but the interest that you get monthly will be included in your taxable income on its annual total.

 Income every month

 Under the investment scheme of every month, interest of 7.6% is available annually.  Actually this year's interest is divided into 12 months, which keeps you on monthly basis.  Know if you have deposited 9 lakhs, then your annual interest will be around 68,400 rupees.

 Let us tell you that according to this you will earn Rs 5,700 per month.  Tell us that you will get 5,700 rupees every month, your 9 lakh rupees will be recovered by adding some more bonuses after the maturity period.

Account will open like this

 Know that you can open an account in any post office, according to your convenience.  Actually, you have to submit a photo copy of Aadhar Card, Voter ID, PAN Card, Ration Card, Driving License.

 Let us know that apart from this, address proof will be submitted, in which your identity card can also be used.  In addition, you will have to submit 2 passport size photographs.

 MIS gets big advantage

 Please tell you that till all this scheme will run, you will get fixed income every month.  At the same time, after closing the scheme on maturity, you will get your total investment back.  It is known that under this scheme you get better returns compared to bank FD.

 On the other hand, if you do not withdraw monthly money, it will remain in your Post Office Savings Account and with the principal you will get further interest by adding this money.  Which means you will have the advantage of any situation.

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