Post Office: 8 Post Office plans that make you a millionaire in a few years, know how to invest

New Delhi. Post Office : Today post office does not mean just post office. With the changing times, the post office has also changed itself. All facilities are being available in Post Office (Post Office Scheme) which you get in any bank. Not only this, the post office constantly keeps doing something new to keep […]
 


Post Office: 8 Post Office plans that make you a millionaire in a few years, know how to invest

New Delhi. Post Office : Today post office does not mean just post office. With the changing times, the post office has also changed itself. All facilities are being available in Post Office (Post Office Scheme) which you get in any bank.
Not only this, the post office constantly keeps doing something new to keep itself updated in the age of technology. The post office is running such schemes, due to which the common man is getting the facilities like a bank. Also, the best part is that here you also get a strong return from the post office scheme.

Post Office Monthly Income Scheme (MIS)

In the regular monthly income scheme of the post office, the customer gets 6.60 percent interest. This interest varies from financial year to financial year. To take advantage of this scheme, the customer has to keep at least 1000 rupees in his account. At the same time, the customer can keep a maximum of Rs 4.5 lakh in the account. On the other hand, up to Rs 9 lakh can be deposited in a joint account (Post Office Joint Account).

post office savings account

The customer gets 4% interest annually on opening a savings account in the post office. You can open a savings account in the post office with a cash amount of Rs.500. Along with this, the post office also provides the facility of opening a joint account. On opening this account, you also get the benefit of check book, ATM card, e-banking, mobile banking, Aadhar seeding, Atal Pension Yojana Prime Minister etc.

Full Details of Post Office Senior Citizen Savings Scheme (SCSS)

Senior Citizen Savings Scheme or POSCSS scheme is run for senior citizens. The duration of this scheme is 55 years. An interest of 7.4 percent is available under this scheme. Interest is earned on quarterly basis. While opening these accounts, keep in mind that the person should have attained 60 years of age on that date. Investment under the SCSS scheme provides benefits under section 80C of the Income Tax Act.

five year recurring deposit

Recurring deposit account in post office can be opened with minimum investment of Rs 100 per month. The current interest rate on Post Office RD is 5.8% per annum. The account can be opened singly or jointly in the name of a minor above 10 years of age and a mentally challenged person.

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