People who are retiring may consider investing in India Post Office's different retirement schemes. State-backed programs offer investors safe and impressive profits in exchange for a better post-retirement life. They should also be aware that India Post periodically introduces new and attractive investment programmes that might help them plan for their future.

Indian Post is giving a monthly income scheme (MIS) to the public for their information. This scheme guarantees investors a regular monthly pension. This method necessitates a one-time investment of a large sum of money. Maturity bonuses are also available with this popular scheme.

Post Office Monthly Income Scheme: Check all details here

*It must be noted that the Post Office Monthly Income Scheme is currently offering a 6.6 percent annual interest on the investments.

*The investors can also open a joint account in the scheme to reap the maximum benefits of the scheme.
Interestingly, 3 investors can open a joint account in the Post Office Monthly Income Scheme Account scheme.

*You can invest in multiples of Rs 100 or Rs 1000 in the scheme.

*However, you have to invest a minimum of Rs 1000 in the scheme while the maximum investment under the scheme is Rs 9 lakh.

*In this scheme, you can receive a yearly Rs 3300 pension by investing just Rs 50,000.

*For five years, investors receive a total of Rs 16500 as interest before maturity.

*Notably, you can invest more money in the scheme to receive more pensions.

*If you invest Rs 1 lakh in the scheme, then you'll get Rs 6600 yearly pension or Rs 550 every month.

*In a similar manner, you can invest Rs 4.5 lakhs to get a monthly pension of Rs 2475 monthly or Rs 29700 annually or Rs 148500 as interest with the MIS scheme.

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