Post Office Monthly Income

The Post Office Department offers an investment option which allows you to invest a certain amount and receive a regular monthly interest on it. The interest is paid to the account holder every month until the maturity of the scheme, i.e., for 5 years. This is a low risk option. To know more about this scheme, click here

• Which type of account would you like to open?

  Individual Joint

  Choose Joint account if investing with a family member
• How much money would you like to invest?

  ₹

  Invest between ₹ 1000 to ₹ 9L for individuals and ₹ 15L for joint account holders
• Interest rate fixed by the governement

  %

  Fixed by Government

YOUR RESULT

By investing ₹ in the Post Office Monthly Income Scheme, you will be earning a monthly income of ₹ and a total interest of ₹ till the maturity of the scheme i.e. 5 years.

Plan to invest the interest earned in a Recurring Deposit account and after the maturity of the scheme, reinvest the principal amount of ₹ in the same scheme to earn more.

You may choose to close your account prematurely after 1 year of deposit, but remember that there will be penalty charges as below:

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Closing your account between 1-3 years will cost you:
₹

Closing your account between 3-5 years will cost you :
₹

Post Office Time Deposits

National Savings Certificate

Public Provident Fund

To learn about other government investment schemes, read the following guides on Investment Schemes.

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