Post Office MIS: If you also want to make a secure investment, then you can invest in the post office scheme. Post Office Monthly Income Scheme (Post Office MIS) is such a superhit small savings scheme, in which you have to invest only once and in this you will get guaranteed income for life.
Post office MIS: If you want to make a secure investment amidst the risk of stock market volatility, then we have brought a superhit scheme of post office for you. In this your money will be completely safe and you will also get guaranteed returns.
Post Office Monthly Income Scheme (Post Office MIS) is one such superhit small savings scheme, in which you have to invest just once. The maturity period of MIS account is just 5 years, after that you will start getting guaranteed monthly income. Let us know the details of this scheme.
Maximum investment up to 9 lakhs
You can open both single and joint account in POMIS scheme. In this, you can open an account with a minimum investment of Rs 1,000. You can invest a maximum of Rs 4.5 lakh in a single account. At the same time, the investment limit in the joint account is Rs 9 lakh.
These are the benefits of MIS account
- In MIS, two or three people together can open a joint account.
- The income received in exchange for 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 joint account.
- For making any changes in the account, joint application of all the account members has to be given.
- Any Indian citizen can invest in the Post Office Monthly Income Scheme.
Know the current interest rate
According to the information given on India Post, the monthly income scheme is getting 6.6% interest annually. It is paid every month.
Also rules for premature closure
The maturity of MIS of the post office is five years. However, if you want, it can have a premature closure. But you can withdraw money only after completion of one year from the date of deposit. If you withdraw money between one year to three years, then 2% of the deposit amount will be refunded.
What is special about MIS?
This scheme of post office is very special because MIS account can also be transferred from one post office to another post office.
On completion of its maturity i.e. five years, it can be extended for a further 5-5 years.
Nomination facility is available in MIS account. This scheme money is completely safe.
Know how to open account
- If you also want to open MIS account of the post office, then for this you should have a savings account in the post office i.e. post office.
- In the necessary documents i.e. ID proof, you must have Aadhar card or passport or voter card or driving license etc.
- For this you will also have to provide 2 passport size photographs.
- For address proof, ID card or utility bill issued by the government will be valid. With all these documents, you go to the post office and fill the form of the Post Office Monthly Income Scheme.
- If you want, you can also download it online.
- Along with filling the form, you will also have to give the name of your nominee in it.
- To open this account, initially 1000 rupees have to be deposited through cash or cheque.
