Best Post Office Scheme 2020
Best Post Office Scheme 2020
Which scheme is best in post office.
How many years FD will double in post office.
One post office scheme in which the investor will get Rs. 5100 per month
The Post Office Guarantee Return Scheme can help if you are looking for a regular income option. This scheme can provide double benefit if the husband and wife invest money together. The government has cut interest rates on small savings plans by 1.40%.
These plans also include a month saving scheme at the post office. Under these schemes, interest is paid at the rate of 7.6%. But it has been reduced to 6.6.
61,200 Annual earnings of Rs
If you are looking for a regular income option, a post office guaranteed return scheme can help you. This scheme can give double benefit if husband and wife invest together. The government has slashed interest rates on small savings schemes by 1.40 per cent. These plans also include a monthly savings scheme at the post office. Under these schemes, interest is paid at an interest rate of 7.6 per cent. But it has been reduced to 6.6.
Annual earnings of Rs. 61,200
In fact the Post Office Monthly Income Scheme (MIS) gives you the opportunity to earn every month. There is also a facility to open a joint account. Which can give you a double benefit. The post office’s monthly income scheme currently carries an interest rate of 6.6 per cent. The return is calculated on the basis of annual interest on your total deposit under the scheme. Total returns occur on an annual basis. So it is divided into 12 sections according to the month.
What is the math of investing?
Suppose a spouse has to invest Rs 9 lakh in a joint account under this scheme. A deposit of Rs 9 lakh will fetch Rs 61,200 per annum at an interest rate of 6.6 per cent. That means Rs 5100 will come in your account every month. So on the other hand your original money will also be safe. The scheme will be extended for 5-5 years after 5 years if you wish.
How to open an account?
You can open an account at any post office depending on your convenience. For this you have to submit photocopy of any one of Aadhaar Card, Water Card, PAN Card, Ration Card, Driving License. Apart from this, proof of address will also have to be submitted. Which will also include your credentials. 2 passport size photos should also be provided.
In fact, the Post Office Income Scheme (MIS) gives you the opportunity to earn every month. Which also has the facility of opening a client account. That can benefit you twice as much.
Under the Monthly Income Scheme of the Post Office, interest is currently available at the rate of 6.6%. Returns are calculated on an annual interest basis on your total deposit under the scheme. Total returns occur on an annual basis. It has been divided into 12 sections according to the month.
What is Investment Mathematics?
Suppose a spouse has to invest Rs 9 lakh in a joint account under this scheme. On the deposit of 9 lakh, the interest rate of 6.6 percent will be Rs 61,200 annually. That is, Rs. 5100 per month will come into your account. On the other hand, your fundamentals will also be safe. If you wish, the scheme will be extended for 5-5 years after 5 years.
What is a MIS Scheme?.
Monthly Income Scheme Post Office plans that offer the opportunity to earn a month under an individual or joint account. Any Indian citizen can open an account at postoffice with an initial investment of Rs 1000.
If a person opens a single account, then 4.5 lakhs will have to be invested. You can invest a maximum of 9 lakhs under a joint account.
Post Office Scheme Document 2020.
Apart from this,
address proof will also have to be submitted. Which will also contain your credentials. 2 passport size photos will also be provided.
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