The general budget of the country- 2023 Finance Minister Nirmala Sitharaman introduced on 1 February 2023. At the same time, many new schemes have been announced in this budget and major changes have been made in many schemes, along with the limit of money deposited in the monthly income scheme has been doubled. At the same time, according to this new update, the amount of investment in the post office monthly income scheme will double, where you will be able to invest Rs 9 lakh instead of Rs 4.5 lakh in a single account. At the same time, today we are going to give you important information about the post office monthly income scheme, which will give you complete information about it.
Post office monthly income scheme will work like this
Under this post office scheme, till now you invest or deposit a maximum of Rs 4.5 lakh on the basis of 7.1% interest rate. If you look at it as an example, then for 5 years, Rs 2662 income is Rs 2662 on the basis of calculation of 7.1% interest rate at Rs 4,50,000 for 5 years. Now according to the new update, when you invest Rs 9 lakh in it, then you will have an income of Rs 5324 every month. At the same time, it has been announced in Budget-2023 that it can be invested from Rs 9 lakh to Rs 15 lakh.
So many people will be able to open account in this scheme
Now in the post office monthly income scheme, not only single but also joint and 3 people will also be able to open the account. At the same time, if a minor wants to open this account, then his guardian will be able to open his account.
The post office monthly income scheme is for so many years
Let us tell you that the investment in this monthly plan of the post office is for 5 years, after which anyone can close this account. With this, if the account holder dies before maturity, then this account can be closed automatically, after which its amount is handed over to the nominee or the legal heir.
