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Post Office Monthly Income Scheme Calculator 2024

Through this article, we want to tell the post office customers and general public about the Post Office Monthly Income Scheme Calculator 2024, Interest Rate scheme so that our readers can take full advantage of the post office scheme and get a good income by investing their capital in the right place. Can earn profits.

We will tell you what procedures you have to complete while applying for the Post Office Monthly Income Scheme Calculator, introduce you to every important fact of the scheme and also show the beneficial aspects of this scheme.

Post Office Monthly Income Scheme Calculator 2024

The entire process of application in the Post Office Monthly Income Scheme Calculator is very simple and accessible so that we can apply for this scheme and avail its benefits and earn capital from our capital. In this article we will describe you the complete process of application in this scheme so that you can take full advantage of this scheme.

Features of post office

Some basic features of post office are as follows-

In this account can be opened only through cash,
Joint account can be opened by two or three adults,
Transactions are required at least once in 3 years to keep the account active and
Post office ATM facility is also provided.

Through the above points we have just highlighted some of the basic features of the post office.

What are these plans?

The full name of this scheme is “Post Office Monthly Income Scheme”, which simply means that through this the Post Office aims to provide attractive interest rates on a fixed amount deposited by its customers. Under this scheme, the post office provides interest at an annual interest rate of 7.6 percent, which is paid every month into the beneficiary’s account.

This scheme can be availed by those people who have excess money but they do not understand how to invest those money in the right place from where we can get good returns i.e. better income.

What is the entire duration of this scheme?

We want to tell all our readers that, for all the post office customers and general public who want to take advantage of this scheme, it is very important for them to know, what is the entire time period of this scheme?

The entire maturity period of this scheme has been fixed at 5 years. Under this scheme, you invest your winning amount in this scheme and it is paid to you every month in your savings account as per the interest rate.

What are the features of the plan in case of emergency?

We want to tell our readers that, in case of any emergency or urgent need, you can stop this plan midway, for which you will have to pay some penal fee. The specialty of this Yojana is that, once the account is closed midway, it can be reactivated by paying the required amount.

Statistical analysis for account closure

If you want to close this account for any reason, then this facility has also been started by the post office, under which if you close your account before 3 years, you will have to pay a fee of 2 percent, if you close it after 3 years. So a fee of 1 percent will have to be paid.

By paying the above charges, you can easily close your savings account prematurely.

Amount required to open an account under the scheme

Under this scheme, if the existing customers of the post office or the general public want to open their savings account, then you should know under what amount you can open your savings account. Its complete list is as follows-

Account can be opened in multiples of Indian Rupee 1500,
Maximum investment limit for single account is Rs 4.5 lakh,
Maximum investment limit for joint account is Rs 9 lakh,
A person can invest a maximum of Rs 4.5 lakh in SIS etc.
You will have to pay the above required amount to open a savings account under this scheme.

What are the important points related to the scheme?

If you want to open your savings account under this scheme, then it is very important for you to know some important points related to this scheme, which are as follows-

Account under the scheme can be opened by a single person,
Joint account can be opened jointly by two or three persons,
Under this scheme, account can be opened in both cash and cheque,
This account can be transferred from one post office branch to another,
The account of a minor can also be opened under this scheme and after 18 years he will have to apply for operation of his account,
The above are some very important facts which our readers and customers need to know.

Documents required for application

To avail the benefit of this scheme, you will have to present some documents in front of the post office, the complete list of which is as follows-

Aadhar Card and PAN Card,
KYC form,
Post Office Savings Account Form,
Full address of the applicant for correspondence,
A passport size photograph of the applicant etc.
You will need the above documents to avail the benefits of this scheme.

The complete application process is as follows –

If you want to open your savings account under this scheme, then we are going to tell you the complete process of its application, which is as follows-

First of all you have to contact your nearest post office,
To avail the benefits of this scheme, first you have to open a savings account in it,
After completing the above process, you can easily apply for this scheme and avail the benefits of this scheme.
After completing the above procedures, you can easily apply for this scheme and take full advantage of this scheme.

You can also visit the post office official website which is https://www.indiapost.gov.in/

Post Office Monthly Income Scheme Calculator 2024 Interest Rate