Assuming you need your cash to be protected, and the premium on it is likewise higher than the bank, then, at that point, you can take advantage of post office plan. Investors have a confiding in relationship with the post office in India. There are many plans in the post in which a greater number of profits are accessible than the bank.
Post Office Monthly Income Scheme (POMIS) is an extraordinary plan in the Post Office. There are many advantages of this arrangement. Subsequent to putting resources into this plan, you will have a decent pay consistently, and your cash will likewise be totally protected.
Contribute basically Rs 1000
To contribute for a very long time then, at that point, Post Office Monthly Income Scheme (POMIS) is a superior choice for you. In the Monthly Savings Scheme (MIS) of the Post Office, you can contribute at least Rs 1,000 and a limit of Rs 4.5 lakh through a solitary account.
The greatest cash limit in a shared service is up to Rs 9 lakh. That is, both a couple together can put up to Rs 9 lakh in a shared service. This plan is extremely advantageous for resigned representatives and senior residents.
Not just this, you can likewise store in this plan for the sake of a minor. In any case, up to Rs 3 lakh can be put resources into such a record. In this plan, a different POMIS structure must be filled in the mail center for store. Prior to putting resources into this plan, the client needs to open a mail center investment account.
The Post Office Monthly Income Scheme (POMIS) at present offers 6.6 percent yearly premium, which is superior to other fixed stores. While filling the POMIS structure, you will require character evidence, private confirmation, 2 identification size photos. A candidate is required.
Duration of the plan
The duration time of this Post Office plot is 5 years. In the event that you pull out cash before time then you might need to endure misfortune. There is no arrangement for withdrawal inside one year. On the off chance that you pull out cash before 3 years, you need to suffer a consequence of 2%. On withdrawal inside 3 years to 5 years, a measure of 1% is deducted.
Advantages of this account
You can get this account moved starting with one post office then onto the next. You can reinvest the sum following 5 years of development. In this, a chosen one can be delegated, so the candidate can get the sum if there should be an occurrence of a mishap. TDS isn’t deducted in the MIS plan, yet charge must be paid on the interest.
