Monthly salary has become very important. Everyone waits for salary at the beginning of the month. A large part of the salary goes away from our salary. Apart from this, we also keep a part for investment or saving. We use savings to meet future needs.
If you also want to get separate monthly income apart from your salary, then today we will tell you about the Monthly Passive Income Scheme. This is a kind of investment option. It helps you to earn money every month.
Many fixed schemes are included in monthly passive income. You can easily earn money through these schemes.
Post Office Monthly Income Scheme
Post Office Monthly Income Scheme is a very good option. This is a saving program. In this you have to invest a lump sum and later some part of it is received as monthly income. The interest received in this scheme is transferred to the savings account of the post office.
Let us tell you that currently the interest rate in this scheme is 7.4 percent.
Long-Term Government Bond
Long-Term Government Bonds are also a very popular option for investment. You can earn monthly through investment in this. If you want to take less risk then this bond is a very good option. In this, interest is received on the investment amount every month. Let us tell you that its maturity tenure is 5 to 40 years.
Systematic Withdrawal Plan
You can also avail regular income by investing in Systematic Withdrawal Plan. In this you can avail the benefit of regular income. Let us tell you that in this plan you can make withdrawals from mutual funds at regular intervals. This is a very good option for regular income apart from your salary.
Equity Share Dividend
If you invest in the stock market, you can also increase your monthly income through equity share dividend. Even if you invest in a high dividend yield, it also diversifies your portfolio.
Annual Plan
Indian life insurance companies offer many annuity plans. In this you can earn income by taking less risk. In this you have to invest a lump sum to maintain a fixed income. Before investing, you must keep in mind your financial goals.
