Monthly Income Scheme

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf Investment Scheme
gptkbp:accountOpening At post offices in India
gptkbp:benefit No
gptkbp:country gptkb:India
https://www.w3.org/2000/01/rdf-schema#label Monthly Income Scheme
gptkbp:interestCreditMethod Direct to savings account
gptkbp:interestPayout Monthly
gptkbp:lockInPeriod 5 years
gptkbp:mainInterest 7.4% (as of 2024)
gptkbp:minimumInvestment ₹1,000
₹15 lakh (joint account)
₹9 lakh (single account)
gptkbp:nominationFacility Available
gptkbp:offeredBy gptkb:India_Post
gptkbp:prematureWithdrawal Allowed with penalty
gptkbp:reinvestmentOption No
gptkbp:targetAudience Retirees
Individuals seeking regular income
gptkbp:targetUser gptkb:joint_venture
Single
gptkbp:transferability Not transferable
gptkbp:bfsParent gptkb:Department_of_Posts
gptkb:India_Post
gptkbp:bfsLayer 6