Do you also want a fixed income every month without any risk? Then the Monthly Income Scheme (MIS) of the Indian Post Office can be a great option for you. This scheme is not only safe but after investing in it, you get a guarantee of fixed interest every month. This scheme of the post office is run by the government, which ensures the safety of your money. Do you also want to have a fixed income every month? So let’s know.
Post Office MIS
If you want a stable monthly income without risk, then this post office scheme can prove to be beneficial for you. This scheme provides you with regular income and keeps your money safe. Good interest rates and government guarantees make this scheme even more attractive. So what are you waiting for, go to the post office today and make your future safe and prosperous by opening an MIS account.
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Know, how much you can invest and how much interest you will get
You can invest a minimum of Rs 1,000 and a maximum of Rs 9 lakh (single account) in Post Office MIS. If you open a joint account, up to Rs 15 lakh can be invested. Currently, this scheme is getting an annual interest rate of 7.4%, which is transferred to your account every month.
How much interest will be received every month
If you open a joint account in the MIS scheme with your wife, you can invest Rs 15 lakh in a joint account with your wife. In this way, you will get interest of Rs 9,250 every month. This interest will keep coming regularly to your account for 5 years. The maturity period of the scheme is 5 years, after which your entire deposit amount is returned.
Know its unique benefits
Your money is completely safe.
Fixed income every month
Better interest rate than bank
Invest once, and earn for 5 years.
Return of principal amount after 5 years
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