Post Office Savings Scheme: Despite RBI cutting the repo rate by 1.25 percent last year, all the savings schemes of the post office will continue to get bumper interest as before. In fact, the Finance Ministry has decided to keep the interest rates offered on post office savings schemes unchanged for the fourth quarter of the current financial year. Today we are going to tell you about such a scheme of the post office, in which you can earn a fixed interest of Rs 9250 every month by investing with your wife, mother, father, son, daughter, brother or sister. Yes, here we are talking about the Monthly Income Scheme (MIS) of the post office.
7.4 percent interest is available on monthly income scheme
At present, 7.4 percent annual interest is 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. Under the MIS Scheme, you can deposit a maximum of Rs 9 lakh in a single account and a maximum of Rs 15 lakh can be deposited in a joint account. Maximum 3 people can be included in the joint account of this scheme. If you invest a maximum of Rs 15 lakh in this scheme under a joint account with your wife, then you can earn huge income every month. If you deposit Rs 15 lakh in the MIS scheme of the post office, you will get a fixed interest of Rs 9250 every month.
To open an account under MIS scheme, one should have a savings account in the post office.
Interest is paid every month in the Post Office MIS Scheme. This interest money is transferred directly to your bank account. This scheme matures in 5 years. After maturity, all your investment money is also transferred to your account. Let us tell you that to open a SIS account in the post office, you must have a post office savings account. If you do not have a savings account in the post office, then you will have to open a savings account first, only after which you can open an account in the Monthly Income Scheme because the interest money is transferred to the post office savings account only.
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