Country The middle class and lower class of India still fully trusts the post office savings schemes. In post office savings schemes, citizens not only get security but also get excellent returns. Among all the savings schemes of Post Office, Monthly Income Scheme (MIS) is also quite popular. In this post office scheme, investors continue to get fixed interest amount every month for 5 years. Here we will know that if you deposit Rs 2 lakh in the MIS Scheme of the Post Office, then how much interest will you get every month.
7.4 percent interest is available on MIS account
7.4 percent interest is being given on the Post Office Monthly Income Scheme i.e. MIS. In this scheme, you have to deposit money only once and you keep getting interest every month. This scheme matures in 5 years. In this scheme, an account can be opened with a minimum of Rs 1000. Under the MIS scheme, both single and joint accounts can be opened. A maximum of Rs 9 lakh can be deposited in a single account and a maximum of Rs 15 lakh can be deposited in a joint account. Under this scheme, names of maximum 3 people can be added to the joint account.
Money has to be deposited only once, interest is received every month
In the Post Office MIS Scheme, money is deposited only once and for this you are paid interest every month. This interest money is transferred directly to your bank account. If you invest Rs 2 lakh in Post Office Monthly Income Scheme, you will get fixed interest of Rs 1233 every month. After the account matures in 5 years, all your investment money is transferred to your account.
It is necessary to have a post office savings account.
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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