Investment Scheme: The central government is running a variety of savings and investment schemes to provide financial security to the common people of the country. Today we will tell you about a similar scheme, in which you get a fixed income every month. Yes, we are talking about MIS (Monthly Income Scheme) of the post office. This scheme is currently getting 7.4 percent interest, which is paid every month. In this scheme, you can open an account with at least 1000 rupees. Under the MIS scheme of the post office, a maximum of Rs 9 lakh can be deposited in a single account. At the same time, a maximum of Rs 15 lakh can be deposited in the joint account.
If you open an account with wife, you will get full benefit
If you want to take full advantage of this scheme, then you can open a joint account of MIS in the post office with your wife. By opening a joint account with the wife, you can deposit up to Rs 15 lakh in it. If you open a joint account with your wife and deposit Rs 15 lakh, then you will get a fix and guaranteed interest of Rs 9250 every month. Let us tell you that the names of a maximum of 3 adult people can be added to the joint account. Apart from this, you can also open an account in this scheme in your child’s name.
Matter is the post office MIS scheme in 5 years
The MIS scheme of the post office matters in 5 years. To close the account, you have to fill a form and submit it with a passbook in your branch. After which all the money is transferred to your post office account. Keep in mind that within 1 year from the date of opening the account, you cannot withdraw any money from it. After 1 year and on withdrawing money before 3 years, the principal will be cut from the amount of 2 percent.
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