Postal Schemes Services

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A. Monthly Income Scheme
Who can open an account
Any individual can either singly or jointly open this account. It can also be opened by minor who has attained age of ten years.
How to make deposit
There shall be only one deposit in the account
Limit on Deposit
The minimum deposit required is Rs.6, 000 and the maximum permissible deposit is Rs.3, 00, 000 for a single account and Rs.6, 00, 000 for a joint account.
Return on investment

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Hari Murlidhar Bhagwat

Hanuman Road, Mumbai, Maharashtra
GST- 27AEVPB2087H1Z8
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Product Description

A. Monthly Income Scheme
Who can open an account
Any individual can either singly or jointly open this account. It can also be opened by minor who has attained age of ten years.
How to make deposit
There shall be only one deposit in the account
Limit on Deposit

The minimum deposit required is Rs.6,000 and the maximum permissible deposit is Rs.3,00,000 for a single account and Rs.6,00,000 for a joint account.
Return on investment

8% p.a. payable monthly.
Tenure

The tenure of account is 6 years
Premature Withdrawal

The amount deposited can be withdrawn after 3 years. If the amount is withdrawn before 3 years then 5% of the amount deposited shall be deducted.
Tax liability

The interest qualifies for deduction under section 80L up to a maximum limit of Rs.9,000. No TDS is deducted from interest. The wealth tax exemption is available. The bonus also qualifies for deduction under section 80L.

Nominations
Nomination facility is available.
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Postal Schemes Services

About the Company

Legal Status of FirmSole Proprietorship (Individual)
Nature of BusinessService Provider
IndiaMART Member SinceMay 2014
GST27AEVPB2087H1Z8
We are a well established investment concern engaged in financial services including exclusive portfolio management and consultancy. We provide a wide range of financial products which cover within its ambit insurance, mutual funds and other financial products.
We are with life insurance corp. of India since last 9 years and proud to be multicrore agents each year in succession. Our service oriented approach, professionalism and personalized service has resulted in a network of very satisfied investors.
Growing need of other investment avenues and to give multiple investment options to our investors we have plunged into mutual funds investments full throttle with all the latest technology.
Have an excellent infrastructure to cater to the needs of our investors.
We not only work towards creating wealth for our investors but also preserving it.
Asset allocation being the most important part in any investment portfolio we package and plan your financial investment patterns understanding your income sources, liabilities and anticipated expenses.
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Seller Contact Details

Hari M Bhagwat

B/7, Krishna Cottage
Hanuman Road
Mumbai - 400057, Maharashtra, India

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