Post Office: Monthly Income Scheme is one of the best schemes of Post Office. If you want to invest under this scheme, then it can be a great option for you. Under the Post Office MIS scheme, you are given the benefit of a fixed amount every month.
If you want to invest for a long time under this scheme of Post Office, then you can go and open your account now, for which you have the facility to invest up to a maximum of ₹ 9 lakh in a single account and a maximum of ₹ 15 lakh in a joint account.
Talking about Post Office MIS Scheme Monthly Income, if a person deposits money in it, then in the coming 5 years he is going to get the benefit of guaranteed income every month. Talking about the interest rate on this, at present 7.4% annual interest rate is being given on MIS.
Along with this, if you invest in all these selected schemes of Post Office, then your money is absolutely safe and you also get the benefit of guarantee detector. Start investing with Rs 1000.
The good thing about this scheme is that under the Post Office Monthly Income Scheme, you can open an account in the name of your parents and children. For this, a minimum investment of ₹ 1000 is required and no maximum investment limit has been set. If you are a citizen of India, then you can start investing under this scheme.
There will be a guaranteed income of Rs 5,550 every month
To invest under the Post Office Monthly Income Scheme, you have to go to your nearest post office branch and open your account and you can also start a single account for this scheme, for which you will get 7.4 percent annual interest return on investing Rs 9 lakh.
