Post Office Monthly Income Scheme: In Post Office Monthly Scheme (MIS), you get income every month. The government runs this scheme and it guarantees this income. A regular income assures you that your regular monthly expenses are being covered.
Post Office Monthly Income Scheme : In Post Office Monthly Scheme (MIS), you get income every month. The government runs this scheme and it guarantees this income. A regular income assures you that your regular monthly expenses are being covered. This helps in giving you financial freedom to a great extent. If you want a regular income sitting at home, then you can invest in this post office scheme. You will get the money invested in this after maturity of 5 years.
In this scheme, any person can invest Rs 9 lakh at one time and Rs 15 lakh in a joint account for a maturity period of five years. On investing Rs 15 lakh, you will get Rs 9250 every month. By investing Rs 9,000 you will get Rs 5,550. This account can be opened by three people together.
MIS account can be opened with a minimum amount of Rs 1000 and in multiples of Rs 1000. The maximum investment in MIS scheme is Rs 9 lakh in single account and Rs 15 lakh in joint account. The government is paying interest on it at the rate of 7.4 percent every year. Every month you will get monthly income according to your investment. In this, if you withdraw money before five years, then 1 percent will be deducted from your principal amount.
Post Office Monthly Income Scheme (MIS): How to get Rs 9250 every month?
If you want to earn Rs 9250 every month in MIS scheme, then you will have to invest Rs 15 lakh through joint account. If you invest Rs 15 lakh in the scheme, then at 7.4 percent interest rate you will get a monthly income of Rs 9250 for five years. If you have an account or a single person investing then you will be able to invest Rs 9 lakh. This will give you a monthly income of Rs 5550. The principal will be returned after completion of 5 years.
