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These schemes are designed to help people grow their savings steadily, receive regular income, or save on taxes, all while enjoying the safety of government backing.
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Under this scheme, you can open a single or joint account and deposit a lump sum and you can earn money based on the investments.
Also, there is a 100 percent guarantee of government security on your investment and any Indian citizen can invest in the Post Office Monthly Income Scheme.
A maximum of Rs 4.5 lakh can be invested in a single count, while a maximum of Rs 9 lakh can be invested in a joint account.
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