Post Office MIS 2024: This account can be opened both singly and jointly. If you open a joint account, you can get more benefits and you can earn more.
Post Office MIS 2024: If you want to invest in a scheme in 2024 in which your deposited money is safe and you also get regular income, then Post Office Monthly Savings Scheme (Post Office Monthly Income Scheme 2024) can be very useful for you. The best thing about this scheme is that whatever amount you invest, it remains completely safe. Along with this, you keep earning interest on the investment every month.
Post Office MIS account can be opened both singly and jointly. If you open this account with your wife, brother or any family member, then the deposit limit also increases for you. This gives you more benefits. In such a situation, you can earn Rs 5,55,000 sitting at home through this scheme. Know the details-
Earning is made from interest every month
Post Office Monthly Saving Scheme is a deposit scheme. In this, income is generated every month on lump sum deposit. The interest received on the account is paid every month in the post office savings account. After 5 years, you can withdraw your deposited amount. If you want to take advantage of the scheme further, then you can open a new account after maturity.
Single and joint account
You can open single and joint account in this scheme. Two or three people can open a joint account together. You can deposit up to 9 lakh rupees in a single account and 15 lakh rupees in a joint account. Obviously, if there is more deposit, then the income will also be more. In such a situation, if you and your wife open this account together, then you will earn more than 5 lakhs from interest alone.
How will you earn 5,55,000? Understand the calculation
At present, the Post Office Monthly Savings Scheme is giving interest at the rate of 7.4 percent. If you deposit 15 lakh rupees in it along with your wife, then you will earn 9,250 rupees every month at the rate of 7.4 percent interest. In this way, there will be a guaranteed income of 1,11,000 rupees in a year. 1,11,000 x 5 = 5,55,000 In this way, both of you will earn 5,55,000 rupees in 5 years from interest alone.
On the other hand, if you open this account as a single account, then you can deposit a maximum of 9 lakh rupees. In this case, you will get 5,550 rupees interest every month. In this way, you can get 66,600 rupees as interest in a year and can earn 3,33,000 rupees in 5 years only through interest.
Know who can open an account?
Any citizen of the country can open an account in the Post Office Monthly Income Scheme. An account can also be opened in the name of a child. If the child is less than 10 years old, then his parents or legal guardians can open an account in his name. When the child is 10 years old, he can also get the right to operate the account himself. For MIS account, you must have a savings account in the post office. It is mandatory to provide Aadhaar card, PAN card for ID proof.
