monthly income scheme, money comes every month.. a plan that gives another level of income! – huge cash will be on your hand every month see this scheme of post office

A type of people who earn by working. Self-employed people are another type of earner. But there are many people who earn a lot by investing without working or having a business. This requires good planning and investment knowledge. Where to invest; What to invest in; The poisons of how to invest are important.

Post office savings can be a good choice for casual investors who do not take any risk. No risk here. Money will also be safe. Government guaranteed post office schemes are very popular among small investors. One of the most important schemes is the monthly income scheme (MIS).

You can invest as little as Rs.1000 in this scheme. In case of separate account you can invest up to Rs.4.5 lakhs maximum. If it is a joint account then you can invest up to Rs.9 lakh maximum. Any Indian citizen above 18 years of age can invest in this scheme.

Invest for at least 5 years. Withdrawal facility can be availed only after one year of investment. If you do, you will have to pay a small fine. Currently 6.6 percent interest rate is applicable in this scheme.

If you invest Rs 50,000 in this scheme you will get Rs 275 every month. That is Rs.3,300 per annum. In five years you will have a total of Rs 16,500 in your hand.