Your wife can earn more than Rs 5 lakh from home, understand how this will work.

If you are looking for a way to earn money from home every month, then POMIS can be helpful for you. Through this scheme, you can earn up to Rs 5,55,000.

Post Office MIS 2024: Many times you have a lump sum amount, but there is no regular income source. People often have this problem in old age after retirement. To provide regular income to such people, the government has prepared many types of schemes. One of these schemes is the Post Office Monthly Income Scheme. From the name of the scheme itself, you must have understood that this scheme is going to generate income every month.

This is a deposit scheme, in which income is earned every month through interest. In this scheme, there is a facility to open both single and joint accounts. If you want to earn income through this scheme after retirement, then open the account with your wife. The investment limit in a joint account is higher. In such a situation, you can earn more than 5 lakh rupees from this scheme while sitting at home. Know how?

How much can be deposited in a joint account?

The post office earns monthly income on lump sum deposits. In this, you can deposit up to 9 lakh rupees in a single account and 15 lakh rupees in a joint account. Currently, this scheme gives interest at the rate of 7.4 percent. If there is more deposit, then the income will also be more. Let us tell you that in this scheme, apart from your wife, you can also open a joint account with your brother or any family member. Since the joint income of the husband and wife is a part of the same family, it is advisable to open an account with the wife to get more benefits.

This is how you will earn more than 5,00,000

Currently, the Post Office Monthly Savings Scheme is giving an interest rate of 7.4 percent. If you deposit 15 lakh rupees in it along with your wife, then you will earn 9,250 rupees every month at the rate of 7.4 percent interest. In this way, there will be a guaranteed income of 1,11,000 rupees in a year. 1,11,000 x 5 = 5,55,000 In this way, both of you will earn 5,55,000 rupees in 5 years from interest alone.

On the other hand, if you open this account singly, then you can deposit a maximum of 9 lakh rupees. In this case, you will get interest of Rs 5,550 every month. In this way, you can get Rs 66,600 as interest in a year. 66,600 x 5 = Rs 3,33,000, in this way, you can earn a total of Rs 3,33,000 through interest in 5 years through a single account.

The deposit amount is returned after 5 years.

The interest received on the deposit made in the account is paid every month in the savings account of the post office. Meanwhile, the deposit amount remains completely safe. After 5 years, you can withdraw your deposited amount. If you want to take advantage of the scheme further, then you can open a new account after maturity.

Who can open an account?

Any citizen of the country can open an account in the Post Office Monthly Income Scheme. You can also open an account in the name of a child. If the child is below 10 years of age, his parents or legal guardians can open an account in his name. When the child is 10 years old, he can also get the right to operate the account himself. For an MIS account, you must have a savings account in the post office. It is mandatory to provide an Aadhaar card and PAN card for ID proof.

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