Guaranteed income every month on deposit of Rs 9 lakh in Post Office MIS, know about its calculation.
If you also want to invest your savings in a place where your money is safe and gives you regular income every month, then a special scheme is being run for you by the Post Office, whose name is Post Office Monthly Income Scheme. The scheme is special for those who want to earn income every month from interest on their deposits. Post Office Inn is a government bank whose small savings scheme is being run by the government, hence investing in it is considered completely safe. Today we will see the income of 5 years every month of your Post Office Monthly Income, today we are going to tell you about your Post Office Monthly Income Scheme in which you have to invest a lump sum of your money for a period of 5 years and you will get 5 years of income every month. Provides guaranteed income for up to a year.
By investing in Post Office MIS Scheme, you can earn good income every month from interest only. This scheme will also be the best option for people nearing retirement. In this scheme you have to invest for a period of 5 years which gives you regular income every month for the next 5 years. If you wish, you can extend your tenure by 5 years after maturity.
Let us tell you that Post Office Monthly Scheme is a small saving scheme in which the post office is being run by the government. Investing in this scheme is absolutely safe and this scheme also gives you guaranteed income every month. If you are also thinking of investing in the Post Office MIS Scheme, then let us tell you that the scheme gives you 7.4 percent interest on investment, which is much higher than the FD of other banks. ,
These people can open their account under POMIS scheme
If you are thinking of investing in the Post Office Monthly Scheme, then let us tell you that to invest in the scheme, you can go to your nearest post office and open your account in two ways. In this scheme, you can invest by opening a single account and husband and wife can also open a joint account.
This much investment will have to be made in Post Office MIS Scheme
For your information, let us tell you that if you are investing in Post Office Monthly Income Scheme, then you can start investing in it with at least Rs 1000 and invest Rs 1000 in both your accounts. The maximum investment that can be made is different for both the accounts. In which, on opening a single account, you can invest a maximum of Rs 9 lakh and on opening a joint account, you can invest a maximum of Rs 15 lakh.
How much return will you get on depositing Rs 9 lakh in a single account?
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Suppose, if any person opens a single account in Post Office Monthly Income Scheme and deposits Rs 9 lakh for a period of 5 years, then he is given 7.4 percent interest by the Post Office. According to which he gets only interest of Rs 333,000 on this deposited amount in 5 years, which if you want to take every month, then you start getting guaranteed income of Rs 5,550 for 5 years.
