If you want to earn money every month by saving in the Post Office Small Savings Scheme, you can choose the Post Office Monthly Scheme.
With this scheme, you can open an account by yourself or with someone else.
Invest once, and you’ll get a fixed amount of money every month.
You can start with as little as Rs 1000 and invest up to Rs 9 lakh in your account.
If it’s a joint account, the limit is Rs 15 lakh.
The good part is, you’ll earn 7.4 percent interest on your money in this scheme.
You can invest for 5 years, and if you want, you can extend it for another 5 years.
The interest you earn will be put into your savings account by the post office.
For example, if you invest Rs 15 lakh, you’ll get Rs 9,250 every month, as calculated by the MIS calculator.
