The post office’s Monthly Income Scheme (MIS) is currently offering an annual interest rate of 7.4 percent. You can open an account in this scheme with a minimum of Rs 1000.
Post Office Scheme: Post Office is offering great interest to its customers on different savings schemes. Many types of accounts can be opened in the post office including RD, TD, MIS, PPF, Kisan Vikas Patra. Today we will learn about the MIS i.e. Monthly Income Scheme of the post office here. In the Monthly Income Scheme, you have to invest only once, after which interest money keeps coming to your account every month. If you open an account in this scheme with your wife or any other member of the house, then you can also get a fixed interest of Rs 9250 every month.
7.4 percent annual interest is being given on MIS scheme
7.4 percent annual interest is currently being given on the Monthly Income Scheme (MIS) of the post office. In this scheme, you can open an account with a minimum of Rs 1000. A maximum of Rs 9 lakh can be deposited in MIS. Under the MIS scheme, a maximum of Rs 15 lakh can be deposited in a joint account. A maximum of 3 people can be included in the joint account of this scheme. If you deposit the maximum amount of investment i.e. Rs 15 lakh under the joint account in this scheme, then you can earn a good amount every month from the interest.
You will get a fixed interest of Rs 9250 every month
If you deposit Rs 15 lakh in the MIS scheme of the post office along with your wife, then you will get a fixed interest of Rs 9250 every month. The MIS scheme of the post office matures in 5 years. After maturity, all the money of your investment is also transferred to your account. Let us tell you that to open a SIS account in the post office, it is necessary to have a savings account of the post office itself.
Disclaimer: This article is written for information purposes only. Before making any kind of investment or taking any financial risk, please consult your financial advisor. Informalnewz will not be responsible for any kind of risk.
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