Post Office Scheme: You will get Rs 9,250 as interest every month, do this

The Post Office offers excellent investment schemes, which are generating good returns on investments.

The Post Office operates excellent investment schemes. These schemes are providing good returns on investments. Today, we're going to tell you about the Post Office's National Savings Monthly Scheme, which currently offers an annual interest rate of 7.4%.

This scheme provides investors with a fixed monthly income.

If you invest ₹1.5 million in a joint account under the Post Office MIS scheme, the annual interest is ₹111,000. Spreading this amount over 12 months, you'll earn ₹9,250 per month in interest.

At the same time, a maximum investment of ₹9 lakh can be made in a single account. The investment limit for a joint account is ₹15 lakh. It should be noted that the interest rates on small savings schemes are reviewed by the government every quarter, so the applicable rate for new investments may change in the future.

PC: moneycontrol