Investment in this scheme of Post Office can be started with a thousand rupees
Can open Joint Account in Post Office Scheme alone or with your partner
Know About Post office monthly income scheme and benefits
new Delhi. Equity Market Investors suffered significant losses in the equity market during the Coronavirus Lockdown Phase. On the other hand, investment in Mutual Fund and Mutual Fund (SIP Investment) is also pointing towards loss. Interest rates have also been reduced in other small savings schemes by the government. In such a situation, the Post Office Monthly Scheme is giving people a chance to earn every month. If you invest alone, you can invest from Rs 1000 to Rs 4.5 lakh. At the same time a lump sum investment of Rs 9 lakh can be made under joint investment. After which you get every interest, rupee earns you money. Let us also tell you about this plan…
Benefits of the scheme? – On opening a joint account, the income received in the form of interest is given equal in both the accounts. – The joint account can be converted into a single account and a single in a joint at any time. You have to give a joint application before changing the.
There are some such conditions – If you have not opened your account for a year, then you will not be able to withdraw money from it. – If the investment has been one to 3 years, then you will get a rupee by cutting 2%. – After 3 years of investment And on withdrawal of rupees from the scheme maturity, one percent will be deducted.
If you also withdraw more than 20 lakh rupees from a bank account, know what SBI rules say
Some special features of the scheme – You can transfer the account to any post office. – After the completion of 5 years of the scheme, you can reinvest. – The scheme can also appoint a nominee so that the original investor can have something But the nominee can get money. – In this scheme you have to pay tax on interest, TDS will not be deducted.