5 thousand will be earned from interest every month, this post office scheme guarantees fixed income, know the details
Under this scheme of the post office, up to 6.6 percent interest is available annually. Suppose you invest Rs 9 lakh in this scheme, then you will get Rs 59,400 as interest every year.
Highlights
⏩ Fixed income is available with better returns in post office MIS.
⏩ The facility to open single and joint accounts is also available.
⏩ MIS account can be opened for any person above 10 years of age.
New Delhi. Investing in Post Office Saving Schemes has always been the choice of the people. Because the interest available here is more than in other banks. There are many schemes available in the post office that give better returns on investment, in which better interest and returns are available on investing money, as well as ensuring the safety of money.
We are going to tell about one such post office monthly scheme (Post office Monthly Income Scheme). After the investment, you start earning monthly. The special thing is that in this scheme you can get a fixed amount every month.
Know what is the monthly scheme?
Under this post office scheme, an amount of up to Rs 4.5 lakh can be invested in a single account. On the other hand, if you take a joint account, then you can invest up to Rs 9 lakh.
Through this, you can earn a good amount as a monthly income by investing Rs 9 lakh.
Interest received in the scheme
Under this scheme of the post office, up to 6.6 percent interest is available annually. Suppose you invest Rs 9 lakh in this scheme, then you will get Rs 59,400 as interest every year. According to this calculation, you will be able to earn Rs 4,950 per month. On the other hand, on investing Rs 4.5 lakh in a single account, you get an interest of Rs 2,475 every month.
Age limit for the scheme
Under this scheme of the post office, an MIS account can be opened for any person above 10 years of age. Aadhaar card and passport of the applicant to take advantage of this scheme
A size photo is required. Go to the post with both these documents and submit the check after filling out the form. After this, your MIS account opens.
Apart from this, the best investment and savings schemes are available for every age and income group in the post office. People like National Saving Certificate for Small Saving Schemes. In this, along with high interest, tax exemption is also available. Let us tell you that from October 1, the interest rate on a 5-year NSC has been reduced to 6.8 percent.
