Post Office has always been a reliable option for Indian investors in matters of savings and investment. This time the Post Office has launched a new scheme, which provides an opportunity to provide stable and monthly income with low investment. Under this scheme, investors can earn a fixed income of Rs 5,550 every month.
Scheme formula and benefits
This scheme of Post Office is especially for those people who want fixed monthly income (Pension / Monthly Income). The interest rate available on investment in this scheme is currently attractive and it remains fixed every year. The investor has to invest only a lump sum amount and then the amount is returned in the form of regular monthly payments for a fixed period.
For example, if you want to earn Rs 5,550 every month, your total investment amount will be around Rs 7 lakh. Monthly income is decided according to the investment period and interest rate. The biggest feature of this scheme is that the investment is safe and comes with government guarantee.
Why is this scheme special?
Stable Monthly Income: Provides fixed monthly income, away from market fluctuations.
Government Security: This investment comes with the guarantee of the Post Office and the Government of India.
Low Risk: This scheme is considered to be low risk compared to the stock market or mutual funds.
Convenient Investment: It can be opened easily from any post office branch.
Experts believe that in the current economic conditions, this scheme is a better option for investors who want both security of money and regular income. Additionally, this plan can prove to be ideal for those planning for retirement or the future.
How to invest?
To invest, the investor has to apply by visiting the nearest post office branch. Identity card and proof of address are required with the application. After depositing the investment amount, the investor starts receiving payments as per the monthly income plan.
This new scheme of the post office provides a balance of both financial freedom and regular income. Under this, investors are given clear information about interest and monthly payments in advance, so that there is no confusion.
Investors can not only meet their monthly needs through this scheme, but it can also become a part of secure financial planning for the future.
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