Post Office Best Investment Scheme 2018:- Post office will be Rs 2700 per month, fixed income, POMIS raises advantage

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This post office scheme can help you if you are looking for an alternative to regular monthly income or extra income. Just for this, you will have to open an account once in the post office under this scheme. Under this scheme, a single account is guaranteed an income of Rs 2737 per month. At the same time, there is a guarantee of security on every single penny you deposit in your account. The special thing is that you can open this account with a minimum of 1500 rupees.

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What is this scheme

We are talking about the Post Office’s Monthly Investment Scheme ie POMIS, which gives you a chance to earn monthly. This is a government scheme in which once the money is invested, there is a fixed income every month. The special thing is that every 5 years after the scheme, you can increase it further whenever you want through the same account. That is, it will prove to be an income guarantee for you for years. Experts consider this plan to be one of the best investment options, because it has 4 major advantages.

1. It can open anyone and your deposits always remain intact.
2. You get better returns than bank FD or debt instrument.
3. You earn a fixed income every month.
4. Upon completion of the scheme, you get your entire deposit amount, which you can invest in this scheme again and maintain a monthly income.

How much can invest

If your account is single, then you can deposit up to 4.5 lakh maximum. At least 1500 rupees can be deposited. A person can open the account in accordance with the limits set by the post office. Maturity Period is 5 years. After five years, you can invest your capital again in the scheme.

Monthly income will be- Under the money line investment scheme, 7.3 percent interest is received annually.
– This annual interest is divided into 12 months, which keeps you on monthly basis.
If you have deposited Rs 4.5 lakh, then your annual interest will be around Rs. 32,850. In this sense, you will earn about Rs. 2730 every month.
You will get Rs2730 every month, while you will get some more bonus after adding 4.5 lakhs of the maturity period.

If you do not get monthly money

If you do not withdraw monthly money, then it will be in your Post Office Savings Account and with the principal, you will get further interest by adding this money.

Remove the first money from the maturity ……

If you need to withdraw all the money before maturity, then this facility is available on the completion of one year of the account. If you have an old account of 1 year to 3 years from the date of opening the account, you get 2% out of the amount deposited and you get the rest. If you have more than one-year-old account, you get 1% of the amount deposited in it and you get back the rest.

Who can open the account

Post Office Monthly Investment Scheme Anyone can open, whether it is Adult or Minor
– 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 in the name of his parent or legal guardian in his name. If the child is 10 years old, he himself can also get the right to operate the account.

How will open account

You can open an account by going to any post office according to your convenience. For this, you will have to submit a photocopy of Aadhar Card, Voter ID, PAN Card, Ration Card, Driving License. Apart from this, address proof must be submitted in which your identity card can also be used. In addition, you will have to submit 2 passport size photographs.

No tax exemption

There is no benefit of any tax rebate on the amount deposited in it and interest you get from it. Although the post office does not cut any kind of TDS on your earnings, it is included in your taxable income on the annual total of the interest you get monthly.

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