Investment Tips: Invest in this scheme with your wife, you will earn ₹1,11,000 every year sitting at home..

While investing, everyone thinks about earning maximum profit. There are some schemes where you cannot earn as much profit alone as you can with the help of your wife. Post Office Monthly Income Scheme is also one such scheme. Through this scheme, you can get a fixed income every month. But if you invest in it with your wife, then you get a chance to earn more profit, as well as your invested amount is also completely safe. Through this scheme, husband and wife can earn up to ₹ 1,11,000 every year. Understand how.

This is how you can earn more with your wife.
POMIS is a deposit scheme, in which you earn every month through interest. In this scheme, there is a facility to open both single and joint accounts. The deposit limit is less in a single account, while it is more in a joint account. Interest is earned on the deposited amount and the deposited amount is returned after 5 years. In such a situation, your deposit is also completely safe. If husband and wife invest in this scheme together, then they can invest more in the joint account and earn more on that amount.

How much can be deposited in a joint account?

In this scheme, you can deposit up to Rs 9 lakh in a single account and Rs 15 lakh in a joint account. Currently, this scheme gives interest at the rate of 7.4 percent. Let us tell you that apart from your wife, you can open a joint account with your brother or any member of the family. 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 can earn 1,11,000 rupees annually.

Currently, the Post Office Monthly Savings Scheme is giving an interest rate of 7.4%. If you deposit 15 lakh rupees in it along with your wife, then you will get an income of 9,250 rupees every month at the rate of 7.4% interest. 9,250 x 12 = 1,11,000 rupees. This way you can earn 1,11,000 rupees every year and earn 5,55,000 rupees in 5 years sitting at home.

How much will you earn in a single account?

If you open this account as a single account, then you can deposit a maximum of 9 lakh rupees. In this case, you will get an interest of 5,550 rupees every month. This way you can get 66,600 rupees as interest in a year. 66,600x 5 = Rs 3,33,000, thus 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.

Interest received on the deposit made in the account is paid every month in the post office savings account. 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, 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. An account can also be opened in the name of a child. If the child is less than 10 years old, then 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. Let us tell you, 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.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.