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Tuesday, February 16, 2021

Special post office scheme: Deposit money once and get 60 thousand rupees every year

India Post or India Post runs several deposit saving schemes for investors. 
These schemes are known as Post Office Saving Scheme or Post Office Savings Scheme. Through the scheme, the post office gives investors the benefit of tax rebate with high interest rate. Tax is exempted from investment under Section 80c of Income Tax.

India Post runs schemes under Kisan Vikas Patra, Post Office Time Deposit, Post Office Recurring Deposit, Post Office Savings Account, Senior Citizen Saving Scheme, Sukanya Samriddhi Account, Post Office Monthly Income Scheme, National Saving Certificate and Public Provident Fund. One can get good returns by investing in these schemes. Also tax exemption can also be obtained.

Deposit at least 1500 rupees

There is a scheme in this post office monthly income scheme (MIS) in which the investor is provided a fixed income on his investment every month. In this scheme you can deposit at least 1500 rupees every month and there is a rule to deposit a maximum of 4.5 lakh rupees. This amount is for single account holder. A maximum of Rs 9 lakh can be deposited in a joint account. 6.6% interest is paid on this amount and the maturity period of this monthly scheme is 5 years.

Earned so much on 9 lakh deposits

The biggest feature of the post office monthly saving scheme (MIS) or monthly income scheme is its compounded interest every year. If Rs 9 lakh was invested in a joint account, then there would be a fixed income of Rs 4950 every month. If you add an annual interest of 6.9 percent on the deposit of Rs 9 lakh, then it becomes Rs 59,400. On a deposit of Rs 9 lakh, you will get an income of Rs 4950 and Rs 59,400 annually. You can get this amount every month. This amount will be in the form of interest every month while your principal will remain the same. At the maturity period of 5 years, you can withdraw your amount from the post office or you can increase it further. It depends on you.

How to apply for saving scheme

It is very easy to open an account of saving scheme in the post office. First of all, go to a nearby post office and take the application form. Fill the information asked in the form, such as name and address etc. Some important documents are also asked along with the form, which you will have to attach. After filling the form, submit it to the post office. Click on this link https://www.indiapost.gov.in/vas/Pages/IndiaPostHome.aspx for more information about saving schemes or other schemes. This is the official website of India Post.

Which documents will be needed

To take advantage of the Post Office Savings Scheme, you must first be a citizen of India. To join the postal scheme, you must have an Aadhar card, PAN card, passport size photograph and a mobile number. You should also have a residence certificate. For more information, you can take the phone number and email address by going to the official website of India Post and get information.

There is a good chance of earning on all the schemes of the post office. You will get a fixed income every month with a case deposit, which will relieve the tension and the principal will remain the same. To get information about these schemes, go to the website of the postal department or go to any nearest post office and get detailed information. You can start investing by choosing the scheme that suits you.

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