Post Office 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 post office’s MIS i.e. Monthly Income Scheme. In the Post Office Monthly Income Scheme, investors have to make a lump sum investment, on which you get a fixed interest every month.
You can deposit a maximum of Rs 15 lakh in a joint MIS account
Post Office is giving its customers an annual interest of 7.4 percent on Monthly Income Scheme. A minimum of 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, 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 a joint account. To open an SIS account in the post office, you must have a savings account in the post office itself.
If you invest a lump sum of Rs 9 lakh in the Post Office MIS scheme, 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 post office scheme matures in 5 years. After maturity, all the money deposited by you is transferred back to your savings account.
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