Are you looking for an investment scheme where a one-time investment can yield a substantial monthly income? If so, this information is for you. We are going to highlight some outstanding investment plans that allow you to earn a significant monthly income with a single investment.
Post Office Golden Scheme: The most attractive feature of these monthly income investment schemes is that your principal amount is completely secure, and you enjoy a regular monthly income from it. This is why many people in the country prefer to invest in monthly income schemes. Let’s take a look at some of these investment plans that can generate a good monthly income for you.
Post Office Monthly Income Scheme
If you want to earn monthly income from your investment, you can invest in the Post Office Monthly Income Scheme. Currently, this scheme offers an interest rate of 7.4 percent on your investment.
You can invest up to 9 lakh rupees in a single account and up to 15 lakh rupees in a joint account in the Post Office Monthly Income Scheme. The minimum investment required to start in this scheme is 1,500 rupees. The scheme has a lock-in period of 5 years.
Government Bond
If you want to invest in a low-risk area, government bonds could be an excellent option for you. Their investment period ranges from 5 years to 40 years.
With government bonds, you have the choice of receiving regular interest or coupon payments. They offer an annual interest rate between 7 and 7.75 percent. Indian citizens are eligible to invest in these bonds.
