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Follow Me On - Whatsapp Group for Links to all new Videos - https://chat.whatsapp.com/DSm9bywU5jC... Arattai Channel for Links to all new Videos - https://aratt.ai/@goonjt Facebook - / sachukaugoonj Instagram - / thappadkigoonj Youtube - / @sachukau In this video of Sachu Kau, Goonj Thakkar explains the details of the Post Office Monthly Income Scheme. The details are as follows 👇🏼 👉🏻Key Features: 👉🏻Interest Rate: 7.4% Per Year, paid monthly. 👉🏻Eligibility: Indian Citizens, including single or joint accounts, guardians on behalf of a minor or a person of unsound mind, and children aged 10 or above. More than one account can be opened. 👉🏻Deposit Limit (Maximum): Single Account: ₹ 9 Lakh Joint Account: ₹ 15 Lakh The limit applies to the total of all accounts held. 👉🏻Monthly Interest Examples (Based on 7.4%): For a ₹9 Lakh deposit: ₹ 5,550/- per month. For a ₹15 Lakh deposit: ₹ 9,250/- per month. 👉🏻Maturity and Closure: Maturity: The account can be closed after 5 years. 👉🏻Premature Closure: Not allowed before 1 year. Closed between 1 and 3 years: 2% of the deposit is deducted. Closed after 3 years: 1% of the deposit is deducted. 👉🏻Post-Maturity: If the account matures but is not closed, the balance continues to earn interest at the rate applicable to the Post Office Savings Account until closure. 👉🏻Death of Account Holder: The account may be closed, and the deposit is refunded with interest up to the month preceding the refund month. Taxation: 👉🏻No Tax Benefits are available. The interest earned is Taxable as per the account holder's income