Individuals can start the post office monthly income plan by paying a check or a specific payment. The minimum investment limit is Rs. 1500 and the maximum investment limit is Rs. 4.5 lakhs. The Indian Postal Service has announced up to Rs 9 lakh
The monthly income plan of the India Postal Service is for those who want to save a small amount of money. Individuals can start this by paying a check or a specific payment at the post office.
The corona plague caused many afflictions and many people lost their jobs. Businesses in particular have been plagued by the inability of people to open various shops, including essential shops. Plus the need for money and so onIt has also sown the idea that people should not give up the habit of saving. This is where the monthly income plan at the post office comes in handy for people of all walks of life.
India Post, in particular, has more than 1.5 lakh post offices across India, offering not only postal services but also various financial services such as RD, FD, Selva Magal. It also offers interest rates for each service. In this case monthly Let us know what aspects of the income plan are useful to the people. First of all, the India Postal Department's monthly income plan is for those who want to save less money. Individuals can start this post office monthly income plan by paying a check or a specific payment.
The minimum investment limit is Rs. 1500 and the maximum investment limit is Rs. 4.5 lakhs. The Indian Postal Service has announced up to Rs 9 lakh. With the launch of these savings, the interest rate will be 6.6 per cent per annum. You can also withdraw money with interest after 5 years of opening this account. Also the monthly plan can be cashed into a check within a year of opening. According to the Indian Postal Service, 2 per cent interest will be charged on withdrawals made three years ago.
In particular the income plan account can be transferred from one post office to another. The Indian Post also said that investors can open accounts at any post office subject to the maximum investment limit. It has also been reported that at the time of opening the monthly income plan, who can nominate and change the system. Due to the absence of DTS in the scheme, the benefits available under Section 80C are not available. But there is a tax on the interest earned on it. The post office income tax scheme will be of great benefit to the middle class. So we can ensure savings for us through this program.
Indian Postal Department Post Office Savings Account, 5 Year Post Office Continuous Deposit Account, The Post Office has various schemes including Time Deposit Account, Post Office Monthly Income Plan Account, Savings Account for Senior Citizens. So people who have not yet started their savings account can now open a savings account at their convenience. Surely our savings will be helpful in times of crisis like corona epidemic.
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