Open this government account in the name of your wife, you will get a pension of Rs 9,000 every month, know the benefits of the post office scheme.

News India Live, Digital Desk: In today’s era, everyone is looking for safe investment and guaranteed returns. If you also want to financially secure your wife’s future and want her to receive a fixed amount every month, then a special scheme of the Post Office can prove to be a game-changer for you. The name of this government scheme is Monthly Income Scheme (POMIS). What is Post Office Monthly Income Scheme (MIS)? This is a savings scheme of the post office in which you deposit a lump sum of money once and in return the government gives you fixed income like ‘salary’ or ‘pension’ every month in the form of interest. Its biggest feature is that your money is completely safe in this and the return is guaranteed by the Government of India. How will you get a monthly income of ₹ 9,000? In this post office scheme, you can open an individual or joint account. To earn a monthly income of ₹ 9,000, you will have to opt for a joint account: Maximum investment limit: You can deposit a maximum of ₹ 15 lakh in a joint account. Interest rate: Currently, the government is offering an annual interest rate of 7.4% on this scheme. Calculation: If you and your wife together invest ₹ 15 lakh, then the annual interest becomes ₹ 1,11,000. By dividing it over 12 months, you will get an income of approximately ₹ 9,250 every month. Main features and rules of the scheme Maturity Period: The duration of this scheme is 5 years. After 5 years, you can withdraw your entire principal amount.Advantage of Joint Account: The investment limit in a single account is ₹9 lakh, while husband-wife together can invest up to ₹15 lakh.Age Limit: Any Indian citizen above 18 years of age can open this account.Tax Benefit: The interest earned in it is taxable, but no TDS is deducted on the deposited amount (subject to rules).How to open an account?Open your account at your nearest post office. Office). Carry important documents like Aadhar Card, PAN Card and passport size photograph. Fill the ‘MIS’ form and deposit the amount of your choice (via check or cash). You can also avail the facility of transferring monthly interest directly to your savings account. Expert Tip: If you are planning for retirement or want a side income to fund household expenses, then this scheme is the best way to stay away from stock market risks.