Post Office Monthly Income Scheme: You will get Rs 8875 every month

Post Office Monthly Scheme: The central government has given this good news to the middle class people in the budget of 2023. A new scheme has been implemented for women. Also the investment limit has been increased in many schemes. Post Office Monthly Income Scheme: You will get Rs 8875 every month.

Post Office Monthly Income Scheme is one of the schemes that have raised the investment limit. Here is the information on what kind of benefits the scheme members will get as per the Union Government’s Budget 2023 proposal.

Investment limit in Scheme is Rs 4.5 lakh to Rs 9 lakh has been increased by Finance Minister Nirmala Sitharaman. Investment limit in joint account has been increased to 15 lakhs. Post Office Monthly Income Scheme is mostly used by senior citizens.

Because you can get income every month without any risk. Currently, the interest rate of this scheme is 7.1 per cent. Interest is paid every month. If this interest amount is not withdrawn, the money will not earn any interest. So it is better to withdraw money every month. Anyone above ten years can join this scheme.

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Assuming you invest Rs 1 lakh in this scheme, you will get Rs 592 every month. Similarly Rs 2 lakhs. 1183 can be obtained if invested. 3 lakh will come to Rs 1,775. As you increase your investment, your interest also increases. The completion period of this project is 5 years.