The post office is giving its customers an annual interest of 7.4 percent on the Monthly Income Scheme. A minimum of Rs 1000 can be deposited in the post office MIS scheme.
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Post Office MIS Scheme: Keeping in mind the different needs of the common citizens of the country, the post office runs many types of savings schemes. In the post office, you can open many types of accounts including TD, RD, PPF, KVP, MIS. Today we will tell you about the MIS i.e. Monthly Income Scheme of the post office. In the Monthly Income Scheme of the post office, investors have to invest a lump sum, on which you get a fixed interest every month.
You can deposit a maximum of Rs 15 lakh in the joint account of MIS
The post office is giving its customers an annual interest of 7.4 percent on the Monthly Income Scheme. At least Rs 1000 can be deposited in the MIS scheme of the post office. Under this scheme, a maximum of Rs 9 lakh can be deposited in a single account. If you open a joint account, then you can deposit a maximum of Rs 15 lakh in it. Let us tell you that a maximum of 3 people can be included in the joint account. To open a SIS account in the post office, you must have a savings account in the post office itself.
If you deposit Rs 9 lakh, you will get a fixed interest of Rs 5550 every month
If you invest a lump sum of Rs 9 lakh in the MIS scheme of the post office, you will get a fixed interest of Rs 5550 every month. Under the MIS scheme, the interest money received every month is deposited directly in your post office savings account. This scheme of the post office matures in 5 years. After maturity, all the money deposited by you is transferred back to your savings account.
Disclaimer: This article is written for information purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. InformalNewz will not be liable for any kind of risk.
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