- Post Office Lakshmi Bhandar Scheme offers women Rs 10,000 every month through regular savings and 5.8% compound interest.
- By saving Rs 333 daily for 10 years, women can save over Rs 16 lakh, including both principal and interest.
- This scheme is aimed at women from lower and middle income families with flexible time options and the chance to increase monthly income by linking with the Post Office Monthly Income Scheme.
If you are a woman looking to have a steady monthly income, the Lakshmi Bhandar Scheme started by the Postal Department might be just right for you. This scheme gives a special chance for women from lower and middle income families to earn Rs 10,000 every month by following a regular savings plan and benefiting from an attractive 5.8% compound interest rate. With flexible time options and the possibility to increase earnings through other government savings products, the Post Office Lakshmi Bhandar Scheme helps you build financial stability over time.
Know More About the Post Office Lakshmi Bhandar Scheme
The Post Office Lakshmi Bhandar Scheme is made to provide women with a fixed monthly income through steady savings and interest growth. By saving a fixed amount daily, women can build a large fund, which pays out monthly to give a regular source of income for the future.
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How the Scheme Works Through Daily Savings
With this scheme, you need to save Rs 333 each day, which is about Rs 10,000 every month. This daily saving habit helps you gather a good amount while keeping the investment easy and fitting everyday budgets.
Interest Rates and Returns Explained
The scheme offers a good compound interest rate of 5.8% per year. This means your money grows not only on your deposits but also on the interest earned, which is added back to your principal. Over 10 years, your total savings of Rs 12 lakh can grow by Rs 4,26,476 as interest. This makes the total amount you save more than Rs 16 lakh, which can then be turned into monthly income payments.
Who Can Join the Scheme
The Lakshmi Bhandar Scheme mainly targets women from lower-middle and middle-income families, who may find it hard to save large amounts at once. By making savings affordable and easy to do, this scheme helps women invest steadily and secure their financial future.
Investment Time and Flexible Terms
You can invest in this scheme for either 5 or 10 years. Choosing the 10-year option gives you the maximum returns and the highest monthly income. The flexible terms let you choose your investment period based on your money goals and ability.
Increase Your Benefits: Combining with the Post Office Monthly Income Scheme
A smart way to increase your monthly income is to use the fund you save through the Lakshmi Bhandar Scheme and invest it in the Post Office Monthly Income Scheme (POMIS). By doing this, the interest payments from the Rs 16 lakh fund can give an extra monthly income of around Rs 12,000, giving you even better financial security.
| Detail | Information |
|---|---|
| Daily Savings Amount | Rs 333 |
| Monthly Savings Equivalent | Rs 10,000 approx. |
| Interest Rate | 5.8% Compound Interest per year |
| Investment Duration Options | 5 or 10 years |
| Estimated Total Amount after 10 Years | Rs 16+ lakh (Principal + Interest) |
| Potential Monthly Income by Reinvesting in POMIS | Approx Rs 12,000 |
| Target Beneficiaries | Women from lower and middle income families |
| Official Scheme Link | https://www.indiapost.gov.in/ |
This scheme is a very good chance for women who want to have a steady monthly income through regular savings and government-backed interest benefits. To join, visit your nearest post office or check official info on the Postal Department’s website. Help yourself financially by starting your savings journey with the Lakshmi Bhandar Scheme today!