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 secure your wife’s future financially and want her to receive a fixed amount every month, then Post Office A special scheme 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 such a savings scheme of the post office in which you deposit a lump sum once and in return the government gives you fixed income like ‘salary’ or ‘pension’ in the form of interest every month. Its biggest feature is that your money remains completely safe and the returns are guaranteed by the Government of India.

How will be the monthly income of ₹ 9,000?

In this scheme of post office, you can open individual or joint account. For monthly earning of ₹9,000 you need to Joint Account Must choose the option of:

Maximum investment limit: Maximum you can spend in joint account ₹15 lakh Can deposit up to.

Interest Rate: Currently the government is on this scheme 7.4% Is giving annual interest rate of Rs.

Calculation: If you and your wife together invest ₹15 lakh, the annual interest comes to ₹1,11,000. If you spread it over 12 months, you will get approximately ₹9,250 There will be an income of Rs.

Key Features and Terms of the Scheme

Maturity Period: Duration of this scheme 5 years Is of. After 5 years you can withdraw your entire principal amount.

Advantages 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 received in this is taxable, but no TDS is deducted on the deposited amount (subject to the rules).

How to open an account?

Go to your nearest post office.

Keep important documents like Aadhar Card, PAN Card and passport size photo with you.

Fill the ‘MIS’ form and deposit the amount of your choice (through 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, this scheme is the best way to stay away from stock market risks.