How to Work Postal Monthly Income Scheme
Housewives and those with passive income who want to invest it like the post office Monthly salary programmed. Availability Availability The Indian postal services provides single, joint, guardian, parent, & minor accounts. Investment Opening an account requires INR 1,000, and single and joint accounts can hold up to INR 450000 lakh & 900000 lakh, respectively. Maturity Accounts expire five years after opening. But, pre-one-year shutdown is prohibited. If the acc. is closed within one year, 2% has been removed from the principle, and 1% for three to five years. Nominees can claim if the account holder dies before maturity. Payback Monthly interest is 7.0% per year or above The depositor's savings account can get interest automatically or by electronic clearance. Taxation Taxable deposit interest. Low-risk Click here…Should invest in Government Bonds Click here… Should invest in National Pension Scheme (NPS) Click here... How does work National Saving Certificate (NSC) Click...