പോസ്റ്റ് ഓഫീസ് സ്ഥിരാവരുമാന പദ്ധതി

The Indian post office has been initiated a scheme to start a small savings plan without doing anything. You will get eligible to earn an income of 2850 rupees as interest from post offices by deposits. This is the best investment option for those who are looking for a guaranteed monthly income by depositing an amount to the post office.

The validity of this post office scheme is 5 years. The investment can be made through any branches of the Indian post office. This is the best option for senior citizens who were looking for a guaranteed fixed income.

All residents in India are eligible for this scheme. You can easily transfer your account from one post office to another without any cost. We can also start an account for children older than 10 years of age. Adults can also open joint accounts easily. The NRIs are not eligible to start an account in the post office.

The minimum amount required to start this scheme is 1500 rupees. The investors can invest the maximum amount of 4.5 lakh on the post office account. If you start the joint account, the maximum deposit range will double. Joint account holders can invest the maximum amount of 9 lakh. The interest earned from the account will be auto credit to your account every month or you will get through post-dated cheques or through ECS (Electronic Clearing Service). If you invest 4.5 lakh, you will get 2850 rupees monthly as interest and your deposit will be refunded after five years. You have to pay tax on the basis of interest.

You are eligible to withdraw money after one year. If you withdraw the money before 3 years, they will charge 2% of the penalty on the basis of the total amount. After 3 years the penalty will be reduced to 1%.