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Monthly Income Scheme.

Monthly income scheme

Post Office Monthly Income Scheme

For many of the monthly income schemes available in the market, you must wait for decades to start getting income. They are just meant for retirement stage.
But, post office monthly income scheme is best suitable for people who are looking for passive income immediately after 5years. So, it is applicable for everyone.

Below are some of the features of post office monthly income scheme :

Features / Advantages of post office monthly income scheme

  • Rate of interest is 8.4 %
  • Maturity period is 5 years
  • Facility to change post office branch is also available
  • Nomination facility is also available. You can change the nominee name if you wish to, after opening the account
  • You can invest only in the denominations of 1500 rupees. Like, 1500, 3000, 4500,etc..
  • Maximum investment limit is 4.5 lakhs. If it is a joint account, you can go for up to 9 lakhs.

This is one of the safest options available in the market to get monthly income within a short period of time.

Responses (4)

  1. DINESH KUMAR
    May 27, 2016 at 10:43 am · Reply

    Hi Prdeep

    I am a govt. employee. and my earning is around 22000. I have a lic policy having premium 26000 (Yearly). I have a one year daughter kindly suggest me to save some amount for her future. Thanks in advance.

    • Pradeep Daram
      June 29, 2016 at 9:56 am · Reply

      I would suggest you to go for mutual funds. That will give you more returns than any LIC policy .

  2. JITENDRA THAKUR
    November 13, 2015 at 4:50 pm · Reply

    Sr I want LONE for bye land

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