Post Office MIS Scheme: Friends, if you have been looking for a scheme with guaranteed returns to invest your money for a long time, then let us tell you that you can invest in this scheme of the post office. There is no risk in this scheme, in this scheme you will get a fixed return of the month.
If you want to get more information related to Post Office Monthly Scheme, then read this article till the end because in this article we have provided you all the information related to Post Office Monthly Scheme, with the help of this information you will be able to take advantage of this scheme very easily.
What is the scheme
Now you are getting guaranteed returns on investing in Post Office Monthly Income Scheme (POMIS). If you invest Rs 5 lakh in this scheme, you will get Rs 3,083 at an interest rate of 7.4% per month, that is, in the whole year you will earn Rs 36,996 from interest without any risk. In this scheme, you can invest up to Rs 9 lakh in a single account and if you open a joint account, you can invest a maximum of Rs 15 lakh.
Eligibility
- Only Indian citizens can open an account under this scheme.
- The minimum age of the applicant to open an account under this scheme should be 10 years.
- If you open a joint account under this scheme, then all the information and documents of the joint account holder should be there.
Rules for premature withdrawal
- If you want to withdraw your deposit before the completion of 1 year, then according to the rule you will not get any benefit of this scheme.
- If you want to withdraw your deposit between 1 year to 3 years, then according to the rule 2% of your amount will be deducted as a penalty and whatever amount you have after deduction will be given to you.
- If you want to withdraw your deposit between 3 years to 5 years, then as per the rule, 1% of your amount will be deducted as a penalty and whatever amount you have after deduction will be given to you.
Required Documents
- Aadhaar Card
- PAN Card
- Signature
- Mobile Number
How to open an account?
- To open an account under this scheme, you have to first go to your nearest post office.
- After reaching the post office, you have to contact a postman there.
- After contacting the postman, you have to give all your information to the postman so that he can open your account.
- After giving all the information to the postman, you have to give all your documents to the postman.After giving all the documents, now the postman will open your account with the biometric of your finger.
- After opening the account, now you can invest your money in it.