If you want to take full advantage of this scheme, you can open a joint MIS account with your wife in the post office. By opening a joint account with your wife, you can deposit up to Rs 15 lakh in it.
Investment Scheme: To provide financial security to the common people of the country, the central government is running many types of savings and investment schemes. Today we will tell you about one such scheme, in which you get a fixed income every month. Yes, we are talking about Post Office MIS (Monthly Income Scheme). This scheme is currently getting 7.4 percent interest, which is paid every month. In this scheme, you can open an account with a minimum of Rs 1000. Under the Post Office MIS scheme, a maximum of Rs 9 lakh can be deposited in a single account. At the same time, a maximum of Rs 15 lakh can be deposited in a joint account.
If you open an account together with your wife, you will get full benefit
If you want to take full advantage of this scheme, then you can open a joint account of MIS in the post office along with your wife. By opening a joint account with your wife, you can deposit up to Rs 15 lakh in it. If you open a joint account with your wife and deposit Rs 15 lakh, you will get a fixed and guaranteed interest of Rs 9250 every month. Let us tell you that the names of maximum 3 adults can be added in a joint account. Apart from this, you can also open an account in this scheme in the name of your child.
Post Office MIS scheme matures in 5 years
Post Office MIS scheme matures in 5 years. To close the account, you have to fill a form and submit it along with the passbook in your branch. After which all the money is transferred to your post office account. Keep in mind that you cannot withdraw any money from it within 1 year from the date of opening the account. If you withdraw money after 1 year and before 3 years, 2 percent will be deducted from the principal amount.
