In 2025, Indian Post offers a monthly savings scheme to avail monthly income to people with its new scheme.
With an individual/single account, a person can open a Indian post office account. The account can also be opened for a minor above 10 years of age on his/her name in support of the parent/guardian.
Minimum Investment: One thousand (1,000) rupees
Maximum Investment: 9 Lakh rupees (Single Account)
Interest rate: 7.4 % per annum (payable monthly)
Minimum lock period: 1 year
Maturity: 5 Years
Interest Payment date: payable on completion of a month from the date of opening
The best thing about this scheme is to have a monthly income immediately in a month after opening an account and with a minimum deposit.
With a minimal amount of 1,000 (One Thousand) rupees, the scheme can be initiated, with a maximum amount of deposit to be 9 Lakh rupees for a single account.
With an interest rate of 7.4 % per annum, the minimum lock period is 1 year. No deposit can be withdrawn before 1 year from the date of deposit. Any account closures after 1 year and before 5 years subjected to a deduction equal to 2 % from the principle amount.
The most advantage of this scheme is that, monthly interest can be drawn through auto credit into the savings account.
How much you can earn?
Deposit Amount: 1,000 rupees (Minimum deposit)
Interest rate: 7.4 % per annum
Monthly income: 6 rupees
Annual Income: 72 rupees
Deposit Amount: 9 Lakh (Maximum deposit)
Interest rate: 7.4 % per annum
Monthly income: 5,550 rupees
Annual Income: 66,600 rupees
Deposit Amount: 1 Lakh
Interest rate: 7.4 % per annum
Monthly income: 617 rupees
Annual Income: 7,404 rupees
Additional details on the scheme is available at post office website https://www.indiapost.gov.in/Financial/Pages/Content/Post-Office-Saving-Schemes.aspx