Now it will get 6.7% interest, know here the special things related to this scheme. Post Office; Scheme National Savings (Monthly Income Account) Scheme Benefits & Features | NewsBust Now it will get 6.7% interest, know here the special things related to this scheme. Post Office; Scheme National Savings (Monthly Income Account) Scheme Benefits & Features | NewsBust

Business

Now it will get 6.7% interest, know here the special things related to this scheme. Post Office; Scheme National Savings (Monthly Income Account) Scheme Benefits & Features

By Amit - October 3, 2022

feature img
  • Hindi News
  • Business
  • Post Office; Scheme National Savings (Monthly Income Account) Scheme Benefits & Features

New Delhi34 minutes ago

  • copy link

The government has increased the interest available on many small savings schemes of the post office. Due to this, now the National Savings Monthly Income Account will now get 6.7% annual interest instead of 6.6%. The best thing about this scheme is that through this you can arrange income for you every month. We are telling you about it.

Minimum investment of thousand and maximum up to Rs 9 lakh
Under this scheme, the account can be opened with a minimum of Rs 1000. On the other hand, if you talk about the maximum, then if your account is single then you can deposit maximum up to Rs 4.5 lakh. On the other hand, if you have a joint account, then a maximum of Rs 9 lakh can be deposited in it.

Income of more than 5 thousand per month
It is getting 6.7% annual interest. The interest earned annually is divided over 12 months and you get that amount every month. If you do not withdraw the money monthly, then it will remain in your post office savings account and by adding these money along with the principal amount, you will get further interest.

Suppose if you are under this scheme If you invest Rs 4.5 lakh, now you will get interest of Rs 30,150 per annum at 6.7% per annum interest. On the other hand, if you invest 9 lakhs under a joint account in it, then you will get 60,300 years of interest. If you divide it equally over 12 months, then you will get a return of Rs 5,025 every month. If you do not withdraw the return, then interest is also earned on that.

Who can open account?
This account can be opened in the name of a minor and a joint account can also be opened in the name of 3 adults. The account can also be opened in the name of a minor above the age of 10 years under the supervision of the parents.

How can I open an account in this?

  • For this, first of all, you have to open a savings account in the post office.
  • After this a form has to be filled for National Savings Monthly Income Account from the post office.
  • Deposit cash or check for the amount specified to open the account with the form.
  • After that your account will be opened. Click here for more information

In how many years will the money become double?
You are getting maximum 6.7% interest on investing in this. In such a situation, according to the rule of 72, if you invest money in this scheme, then it will take about 10 years 8 months for the money to double.

What is Rule of 72?
Experts consider this to be the most accurate rule, which determines in how many days your investment will double. You can understand this in such a way that if you have selected a particular scheme of the bank, where you are getting annual percentage interest, then you will have to divide 72 by 8 under Rule 72. That is, 72/8 = 9 years, that is, your money under this scheme will double in 9 years.

Note: The calculation of return tax received on this scheme has been done in an approximate way.

There is more news…

Amit

Related Stories

Latest Article

India

Kharge may continue to be the Leader of the Opposition in the Rajya Sabha along with the Speaker. Leader of Opposition can continue in Rajya Sabha with Kharge Speaker

Updated December 2022

Sports

6 wickets fell within 151 runs on the second day, 506 runs were scored for 4 wickets. Pakistan Vs England 1st Test Day-2 Update Zahid Mahmood | Naseem Shah, Ben Stokes

Updated December 2022

Business

Jane Street Capital offered a salary of more than 4 crores to the student. IIT job placements 2022: Jane Street capital offers record Rs 4 crore-salary to at least 3 students, IIT-Kanpur student

Updated December 2022

Health

Diseases, reproduction and milk production will be monitored; The first test was done on humans. China Cow Smart Watch (Digital Farms); Diseases, Reproduction, Milk Production

Updated December 2022

Education

Recruitment for 38 posts of Microbiologist in NHM, Madhya Pradesh, candidates should apply till 19 December. Recruitment for 38 posts of Microbiologist in NHM, Madhya Pradesh, candidates should apply till 19 December

Updated December 2022

India

Silk Smitha Birthday Know About Her Life And Journey In Films

Updated December 2022

Technology

3 times more powerful than a diesel truck, will run 805 kilometers in a single charge. Elon Musk starts deliveries of Tesla trucks

Updated December 2022

Health

1.38 lakh people became inveterate gamblers, 400 committed suicide; Children stealing money from parents. UK Online Gambling Pandemic; 1.38 Lakh Became Gamblers, 400 Suicides | British News

Updated December 2022

India

Priyanka Chahar Choudhary And Ankit Gupta Fight In Bigg Boss 16 New Promo Viral

Updated December 2022

Business

Dollar Vs Rupee Rate Today 2 December Rupee Up 18 Paise At 81.08 Against Us Dollar In Early Trade

Updated December 2022

Business

How To Open A Public Provident Fund PPF Account On Behalf Of Minor Child Know How To Open Ppf Account Online Interest Rate Tax Benefits Process and All Details

Updated December 2022

India

Assam CM Himanta Biswa Sarma Says, Love Jihad Is A Reality, 5 Points Short News | short news | Short News In Hindi Today

Updated December 2022

Sports

Indian women’s team announced, matches will start from December 9. Harmanpreet Kaur; India Vs Australia Women T20 Squad 2022 | Pooja Vastrakar Smriti Mandhana

Updated December 2022

Travel

KlasJet to Expand Fleet with a Boeing 737 Business Jet

Updated December 2022

Travel

airasia Super App to Launch Private Car-Hailing Service in Thailand

Updated December 2022