Post Office SIP Interest Rate 2022 : A SIP plan has been introduced by the post office, in which Rs 5000 will be available every month.
For this, you can invest in the Post Office’s Small Savings Scheme (Post Office Monthly Income Scheme) through SIP. In this, after a time, investors get the opportunity of Monthly Income Scheme (POMIS). In this scheme, you can earn your income every month by investing a lump sum amount.
Full money will be returned after 5 years
Whatever money you have deposited in this scheme, you get back after 5 years. The facility of opening single and joint accounts has been given in the MIS scheme of the post office. Many people are taking advantage of this scheme for pension after retirement.
One can invest a maximum of Rs 4.5 lakh through a single account in the Post Office Monthly Income Scheme (POMIS). The maximum amount you can invest in a joint account is Rs 9 lakh. 3 adults can also join a joint account. But the maximum investment limit is Rs 9 lakh.
will get pension every month
The Post Office Monthly Income Scheme is currently getting an interest rate of 6.6% per annum. If you have deposited Rs 9 lakh in the scheme, then at the rate of 6.6 per cent per annum, the total interest for 1 year will be Rs 59,400. This amount will be distributed over the 12 months of the year. In this way, the interest for every month will be around Rs 4950. If you deposit Rs 4,50,000 lakh through a single account, then the monthly interest will be Rs 2475.
take advantage of this
You have to open a savings account in the post office. Aadhar card or passport or voter card or driving license is valid for ID proof in the document. Along with this, 2 passport size photographs, government issued ID card or utility bill are valid for address proof.
After this you can fill the POMIS form by going to the post office. You can also download it online. The name of the nominee will have to be given along with filling the form. To open this account, initially 1000 rupees have to be deposited through cash or cheque.
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