Monthly savings scheme of post office

Monthly Savings Scheme of Post Office: Every person saves a part of their income for the future. Do you know that you can make big funds with small savings? Nowadays there are many investment options available, and the post office is also offering some special schemes for savings. Your money is considered safe in the post office. Let’s know about the post office plans:

Interest up to 7.4 percent

You can get good returns every month from the monthly savings scheme of the post office. In this scheme you can invest from Rs 1000 to Rs 9 lakh. If you open a joint account, you can invest up to Rs 15 lakh. Currently, the scheme is providing up to 7.4 percent interest.

This means that you can get interest from Rs 62 to Rs 10,000 every month. The best thing is that the amount of interest is deposited in your account every month. In case of any problem, one or two people can easily join this scheme.

Joint account opening facility

One or two people can open a joint account under the monthly savings scheme of the post office. In addition, parents can invest by opening an account in the name of their children. If a person is mentally disabled, his parents or members of the family can apply in his name. The investment made in this scheme is completely safe. Here your money never sinks, and you also get benefits in future.