Under the Monthly Income Scheme, an account can be opened with a minimum of Rs 1000. In this scheme, a maximum of Rs 9 lakh can be deposited in a single account.
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Post Office Savings Scheme: The post office runs many types of savings schemes based on the convenience and needs of the citizens of the country. Many types of accounts can be opened in the post office including RD, TD, MIS, PPF, Kisan Vikas Patra. Today we will learn about Monthly Income Scheme i.e. MIS here. MIS is a savings scheme in which you have to invest a lump sum, after which you are paid interest money every month. Here we will know how much interest will be received every month if you deposit Rs 2 lakh in MIS scheme. Along with this, we will also know some very important things related to this scheme.
MIS account can also be opened with just Rs 1000
Under Monthly Income Scheme, an account can be opened with a minimum of Rs 1000. In this scheme, a maximum of Rs 9 lakh can be deposited in a single account. If you open a joint account, then you can also deposit a maximum of Rs 15 lakh in it. A maximum of 3 names can be added to a joint account. Currently, 7.6 percent interest is being given on the Post Office MIS scheme. The account opened under the Post Office Monthly Income Scheme closes in 5 years.
How much interest will you get every month if you deposit Rs 2,00,000 in the MIS scheme
To invest in the Post Office MIS scheme, you must have a post office savings account. If you do not have a post office savings account, then first you have to open a post office savings account, after which you can also open an account in the Monthly Income Scheme. If you deposit Rs 2 lakh in this scheme, then you will get a fixed and guaranteed interest of Rs 1233 every month for 5 years. After the completion of 5 years, the entire Rs 2 lakh deposited by you will come back to your account. Along with this, you will also get a total interest of Rs 73,980 at the rate of Rs 1233 in 5 years.
Disclaimer: This article is written for information purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. India TV will not be responsible for any kind of risk.
