Earn ₹ 9,250 every month from Monthly Income Account: You can invest minimum thousand and maximum ₹ 15 lakh in this, know the special things related to it.

Earn ₹ 9,250 every month from Monthly Income Account: You can invest minimum thousand and maximum ₹ 15 lakh in this, know the special things related to it.

If you want to arrange monthly income for yourself or your parents, then Post Office’s National Savings Monthly Income Account can help you. Currently, this scheme is offering 7.4% annual interest. Through this you can arrange an income of Rs 9,250 for yourself every month. We are telling you about this scheme… You will get Rs 9,250 every month. In this scheme, the annual interest is distributed over 12 months and you keep getting that amount every month. If you do not withdraw the money monthly, it will remain in your post office savings account and you will get further interest by adding this money along with the principal amount. Suppose if you invest Rs 9 lakh in this scheme, then now you will get interest of Rs 66 thousand 600 annually at the rate of 7.4% annual interest. Whereas if you invest Rs 15 lakh in it under joint account, then you will get annual interest of Rs 1 lakh 11 thousand. If you divide it equally in 12 months, you will get Rs 9,250 every month. If the returns are not withdrawn then interest is also earned on that. Note: This calculation has been done approximately. The government reviews the interest on small savings schemes every 3 months. The deposited money will be returned after 5 years. Its maturity period is 5 years. That means, after completion of the scheme, you will get your entire deposit back. However, if you wish, you can maintain this source of monthly income by investing this money again in the same scheme. Who can open an account? This account can be opened in the name of a minor and a joint account can also be opened in the name of 3 adults. An account can also be opened in the name of a minor above 10 years of age under the supervision of parents. Aadhaar-PAN is necessary for opening an account. The Central Government has made PAN and Aadhaar card mandatory for investing in PPF, Sukanya Samriddhi and National Savings Monthly Income Account and other post office savings schemes. From now on, it will be necessary to provide Aadhaar number or Aadhaar enrollment slip to open an account in government schemes. How can one open an account in this?

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