Post Office Scheme: In the post office, you can open accounts in many types of savings accounts like RD, TD, MIS, PPF, Kisan Vikas Patra. The monthly income scheme, which is included in the popular schemes of the post office, is still giving an annual interest of 7.4 percent. In this scheme, you have to invest only once, after which you get guaranteed fixed interest every month. You get this interest for the next 5 years after opening the account. If you open an account under this scheme with your wife or any other member of the family, then you can get a maximum fixed interest of up to Rs 9250 every month.
Maximum Rs 15 lakh can be deposited in joint account
You can open an account in MIS with a minimum investment of Rs 1000. Under this scheme, you can open both single and joint accounts. 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 the Post Office MIS Scheme, you can add maximum 3 people to the joint account. If you invest Rs 15 lakh with your wife in the joint account of this scheme, then you can start earning big every month just from the interest.
You will get fixed interest of Rs 9250 every month
If you, along with your wife, deposit Rs 15 lakh in the MIS scheme of the post office, then you will get a fixed interest of Rs 9250 every month. The interest money received under this scheme is transferred directly to your bank account. Post Office’s MIS Scheme matures in 5 years. After maturity, all your investment money is also transferred to your account. To open a SIS account in the post office, you must have a post office savings account.
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