Post Office MIS Scheme: Inflation is increasing continuously in the country; in such a situation, it is becoming difficult for the family to bear the expenses of children’s education, their marriage, and daily expenses. To avoid these problems, people are investing in schemes run by the government. The specialty of these schemes is that they are getting more returns on less investment. But today we are going to talk about such a government scheme in which you can also open an account for your wife. This scheme is giving strong returns on nominal expenses. Along with this, there is no risk of any kind in it.
Actually, we are talking about the special scheme of the post office. Let us tell you that the Post Office is running many excellent savings schemes for its customers, one of which is the Monthly Income Scheme, also known as the MIS Scheme. This scheme is special for those people who want a fixed income every month. Once you deposit money in this scheme, a fixed amount comes to your account every month in the form of interest.
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What is the MIS scheme?
Let us tell you that at present, interest is being given at the rate of 7.4 percent per annum in the Monthly Income Scheme of the Post Office. In this, you can open an account with a minimum of Rs 1000. A person can invest up to a maximum of Rs 9 lakh. On the other hand, if you open this account jointly, then you can deposit a maximum of Rs 15 lakh.
Income of Rs 9250 every month on a joint account
If you and your wife or any member of the family together deposit ₹ 15 lakh in this scheme, then every month you will get a fixed interest of Rs 9250. This amount is transferred to your account every month.
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How much money will you get in 5 years?
This scheme of the post office is for a period of 5 years. On maturity, you get back the entire amount deposited by you. If you are looking for a safe and fixed income option, then this scheme can be a great option.
What is required to open an account?
If you want to open an account in the Post Office Monthly Income Scheme, you will have to go to the nearest post office. After this, you will have to give all the details. Actually, to avail the benefits, it is necessary to have a savings account. The account can be opened in the name of one person or jointly with 2 or 3 people.