+91-9810184368 www.wealthcareindia.com SecretsofPostOffice MonthlyIncome SchemeCalculator
SchemeCalculator’sSecrets
Are you interested in the Post Office Monthly IncomeScheme?Ifso,youaretakingagreatstep towards keeping your future secure, countering inflation,andlivingcomfortably.
In these uncertain times, it is important to have a long-term plan for financial stability and security.
The Post Office Monthly Income Scheme (POMIS) is a great option due to its government-backed security and low-risk nature. Furthermore, the schemeoffersaninterest-generatingreturn.
DiscoverthePostOfficeMonthlyIncome
ThePostOfficeMonthly Schemehasfivestages WhocanOpen? Asingleadultisapplicable JointAccount(notmorethan3adults) Aguardianonbehalfofminor/personof unsoundmind Aminorcanopenabove10yearsin his/herownname
AnaccountcanbeopenedwithaminimumofRs.1000and inmultiplesofRs.1000.Asingleaccountcanholda maximumofRs.4.50lakh,whileajointaccountcanhold upto9lakh. Alljointaccountholderswillhaveanequalshareinthe investments.Forminors,guardianscanopenaccountswith limitssetinplace. DepositAmount Interest Interestwillbepaidattheendofeachmonthfromthe accountopeningdateuntilmaturity. Iftheaccountholderdoesnotcollectthemonthlyinterest, itwillnotaccrueanyadditionalinterest.
yearfromthedateofdeposit.Shouldtheaccountbeclosed
Itisprohibitedtowithdrawfundspriortotheexpirationof1
after1yearbutbefore3yearsfromaccountopening,a deductionof2%fromtheprincipalamountwillbetakenand theremainingbalancewillbedisbursed. EffectsofPrematureClosureofAccount Maturity Theaccountmaybeterminatedafteraperiodof5years haspassedfromthetimeofitsopening,providedthatan authorisedapplicationformalongwiththepassbookis presentedtotherelevantPostOffice.
ContactUs THANK YOU +91-9810184368 www.wealthcareindia.com sales@wealthcareindia.com