Post Office Monthly Revenue Plan

Post Office Monthly Revenue PlanPost Office Monthly Revenue Plan is known as a low risk saving tool, Post Office scheme can be availed by any post office. It offers 8% interest rate p.a, which is paid monthly. Lowest amount of money, invested, Rs. 1,000 and extra investment in multiples of 1,000, Highest amount of money is Rs. 3,00,000 (if Single) or Rs. 6,00,000 (if held Jointly) during a yr.

Post Office Monthly saving scheme has a maturation time period of 6 years. A bonus of 10percent pays during the time of maturity. Premature withdrawal is allowed if deposit is actually more than one year old. A deductions of 5percent is levied from the principal amount of money if withdrawn too early; the 10percent bonus is usually refused.

post office monthly scheme

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