The investment scheme of the post office has been the choice of the people.
New Delhi:
People who are nearing retirement always worry about regular earning after job. In such a situation, people who retire from government jobs are also worried about the increase in monthly income when their income is halved. In such a situation, the choice of most people has been the monthly income scheme offered by the Indian Post Office. This has been the most reliable option for government job seekers. People earn every month by depositing a lump sum here. This earning is repaid by the post office by giving interest in lieu of the amount deposited by the customer.
In such a situation, the customers who are worried about the decrease in income after retirement, they also become relaxed. The safest and best return of your money comes from the post office guarantee by the government.
Post Office Monthly Income Scheme
Recently, the Finance Ministry has increased the investment limit in the Post Office Monthly Income Scheme (PO MIS PO MIS). Explain that according to the notification issued by the Finance Ministry on March 31, 2023, a person can now invest a maximum of Rs 9 lakh in a single account of POMIS and Rs 15 lakh in a joint account. Earlier, the time limit for investment in single and joint accounts was Rs 4.5 lakh and Rs 9 lakh respectively. It may be noted that the increase in investment limit under PO MIS was announced in Budget 2023.
Generally it has been seen that senior citizens have been taking advantage of this post office scheme. Senior citizens guarantee their income every month by investing their money in this scheme.
It may be noted that the government revises the interest rates of the Post Office MIS scheme every quarter. Recently, the government has announced an increase in the interest rate for the quarter April to June 2023. From April 1, 2023, the new investment made in this scheme will get an interest rate of 7.4 percent per annum. The interest rate has been increased by 0.30 percent which was earlier 7.1 percent.
As announced in the budget, now the Finance Ministry has increased the investment limit in the Post Office Monthly Income Scheme (POMIS). According to the notification issued by the Finance Ministry on March 31, 2023, a person can now deposit a maximum of Rs 9 lakh in a single POMIS account and up to Rs 15 lakh in a joint account. Earlier, an amount of Rs 4.5 lakh could be deposited in a single account and Rs 9 lakh in a joint account.
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