Post Office Savings Scheme: The Postal Department of India is running various types of savings schemes based on the needs of the citizens of the country. Apart from TD, RD, MIS, PPF, Sukanya Samriddhi Yojana, many other types of accounts are opened in the post office. Today here we will tell you about such a scheme of the post office, by investing in which you will get a fixed interest of Rs 5550 every month with guarantee. This interest money will come directly into your bank account, which you can keep in the account if you want or can withdraw it if needed.
Investment has to be made only once in MIS scheme
Yes, we are talking about MIS (Monthly Income Scheme) of Post Office. In the post office MIS scheme, you have to invest only once (lump sum), after which fixed amount of interest starts coming into your bank account every month. The post office is currently giving 7.4 percent annual interest to its customers on the monthly income scheme. In this scheme of post office, you can open an account with just Rs 1000. Under this scheme, a maximum of Rs 9 lakh can be deposited in a single account. Whereas, there is a maximum limit of depositing Rs 15 lakh in a joint account. Maximum 3 people can be included in the joint account.
If you deposit Rs 9 lakh, you will get fixed interest of Rs 5550 every month.
As soon as you open an account under the Post Office MIS Scheme, interest money starts coming into your account every month. This scheme matures in 5 years. On maturity, all the money deposited in your MIS account is transferred to your bank account. To open an account under Monthly Income Scheme, you must have a post office savings account. If you invest a lump sum of Rs 9 lakh in the Post Office Monthly Income Scheme, then you will start getting fixed interest of Rs 5550 every month for 5 years.
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