Post Office Schemes: It has been more than 251 years since the post office has been providing services in India. The first post office in the country was established in Calcutta on March 31, 1774. Today the post office is providing a variety of banking services along with postal services. Not only this, there are some schemes of post office where you are getting more interest than banks. Today we will tell you about one such scheme of post office in which you can earn every month by investing. If you invest in this scheme, you can get a fixed interest of Rs 5550 every month. Let’s know.
Interest is being received on MIS scheme
Post Office MIS (Monthly Income Scheme) is such a scheme in which you have to invest only once i.e. lump sum and interest money keeps coming into your account every month. In this post office scheme, you can open an account with a minimum of Rs 1000. A maximum of Rs 9 lakh can be deposited in the MIS scheme. Under this scheme, a maximum of Rs 15 lakh can be deposited in a joint account. A maximum of 3 people can be added to a joint account. The Post Office MIS scheme is currently offering an annual interest rate of 7.4 percent, which is paid every month.
This much money will come in the account every month
The Post Office Monthly Income Scheme comes with a lock-in period of 5 years. However, in some adverse circumstances, you can close the account and withdraw all the money. To open an account in MIS scheme, you must also have a post office savings account. If you deposit Rs 9 lakh in this scheme, you will get fixed and guaranteed interest of Rs 5550 every month for 5 years. After the completion of 5 years, the entire 9 lakh rupees deposited by you will be returned to your account. Along with this, you will also get a total interest of Rs 3,33,000 at the rate of Rs 5550 in 5 years.