Many beneficial schemes are run by the post office for the common people, one of these schemes is the Monthly Income Scheme. Under this, husband and wife together can earn up to Rs 59400 every year. Whereas monthly Rs 4950 can be earned.
Any person can open his account under this scheme. This account can be opened both in single and joint mode. A minimum of Rs 1 thousand can be invested in a single account and a maximum of Rs 5 lakh can be invested. A maximum of Rs 9 lakh can be deposited in a joint account.
In this scheme, annual interest is available at the rate of 6.6%. Suppose husband and wife deposited Rs 9 lakh in a joint account, then you will get an interest of Rs 59,400 at the rate of 6.6% interest. Monthly you will get interest of Rs 4950 in it.
Source: Krishi Jagran
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