Post Office Monthly Income Scheme: As of now, Post Office Schemes are for the people who need benefits in less danger. Post office MIS is such a reserve funds scheme, in which you will actually want to avail it as premium by contributing once each month.
As we as a whole realize that many kinds of advantages are being accessible in this account (Post Office Saving Scheme). This account can likewise be opened for the name of children over 10 years old. Assuming you open this unique account (Post Office Monthly Income Scheme) for the your children, then, you can pay basically educational expense from the interest got each month.
You can open this post office account (Post Office Monthly Income Scheme Benefits) by going to any post office. Under this, a minimum deposit of Rs 1000 and a limit of Rs 4.5 lakh can be saved. Interestingly, at present the interest under this plan (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
Allow us to tell you, assuming your children is 10 years of age and you deposit Rs 2 lakh in his name, then,at the current pace of 6.6 percent, your premium will become Rs 1100 consistently. In five years, this interest will add up to 66 thousand and in the end you will likewise get an arrival of Rs 2 lakh.
In this manner you will get 1100 rupees for a little kid, which you can use for his education. This sum can turn into a decent assistance for the guardians.
The specialty of this account (Post Office Monthly Income Scheme Calculator) is that it very well may be opened as a single or joint account with three grown-ups. If you deposit Rs.3.50 lakh in this account, you will get Rs.1925 each month at the current rate. Allow us to let you know that this is a gigantic sum for the children contemplating in school.
With this premium cash (Post Office Monthly Income Scheme for Children), you can undoubtedly take out the costs of school expenses, educational expenses, pen copy. On depositing the maximum limit for example 4.5 lakhs, you can take advantage of Rs 2475 consistently.
