Post office MIS Scheme: In the Monthly Income Scheme of the Post Office, you get an opportunity to earn every month. This facility is available when a joint account is opened.
Post Office MIS scheme: Apart from the job, if you want the option of regular income separately, then come to the post office. Post Office MIS scheme can be the best option for you. Especially for those people who want to open a husband and wife account. This scheme can give you double benefit to Husband-Wife (MIS for Husband-Wife). In the Monthly Income Scheme of the Post Office (Post Office MIS), you get an opportunity to earn every month. This facility is available when a joint account is opened. How to earn double profit in the scheme. Let’s know.
Earn Rs 59,400 annually
In the Post Office MIS scheme, you get double the benefit through a joint account. Husband and wife can earn up to Rs 59,400 annually through this scheme. He will earn Rs 4950 every month.
What is Monthly Income Scheme?
The account opened in MIS scheme can be opened in both single and joint mode. While opening an individual account, you can invest a minimum of Rs 1,000 and a maximum of Rs 4.5 lakh in this scheme. However, up to a maximum of Rs 9 lakh can be deposited in a joint account. This scheme is very beneficial for retired employees and senior citizens.
What are the benefits?
The good thing about MIS is that two or three people together can open a joint account. The income received in return of this account is given equally to every member. You can convert a joint account to a single account at any time. Single account can also be converted into a joint account. To make any changes in the account, a joint application has to be given by all the account members.
How does the scheme work?
In this scheme, at present, you are getting annual interest at the rate of 6.6 percent. Under the scheme, returns are calculated on the basis of annual interest on your total deposits. Therefore it is divided into 12 parts according to every month. You can ask for this part in your account every month. If you do not need it on a monthly basis, then adding this amount to the principal amount also gives interest on it.
How will the income be understood by example?
Husband and wife have invested Rs 9 lakh in a joint account in the Post Office MIS Scheme. The annual return on a deposit of 9 lakhs at 6.6 per cent interest rate will be Rs 59,400. If it is divided into 12 parts, then it will be Rs 4,950 monthly. Meaning you can get Rs 4950 in your account every month. At the same time, your principal amount will remain completely safe. If you want, you can extend the scheme after 5 years and for 5-5 years.
