The secret of Post Office, which will have guaranteed income every month, know here immediately!
There are many small savings schemes in the post office. They are attractive to their place. Post Office National Saving Monthly Income (MIS) is also one such scheme. If you want, you can earn every month by starting investing in this scheme. In this you get a guaranteed return. It is very easy to open an account for this in the post office. The special thing is that investment can be started with just Rs 1000. You can open the post office National Saving Monthly Income Account by going to your nearest post office (post office) and submit the documents.
Who can open MIS account
According to the official website of India Post, the post office National Saving Monthly Income Account can be opened in both personal and joint form. Even a minor over 10 years of age can open this account in his name. Joint account maximum three people can also open together. Not only this, parents can also handle this account on behalf of a minor/deranged person.
How much maximum can invest
If the post office National Saving Monthly Income Account is a single account, then it can invest up to Rs 9 lakh, a person or investor maximum. If a joint account has been opened, then maximum can invest up to Rs 15 lakh. All accounts will have an equal share in investment in joint account. The limit of account opened by the minor as a guardian will be different.
How much returns are getting
This scheme of the post office currently gets 7.4 percent annual interest, which is paid on a monthly basis. Interest will be payable on completion of one month from the date of opening of the account and similarly interest is payable till maturity. Understand one thing here, if interest payable by the account holder is not claimed every month, then no additional interest will be received on such interest. Also, interest can be obtained through auto credit or ECS in the savings account present in the same post office. In case of MIS account in CBS post offices, monthly interest can be deposited in a savings account located at any CBS post office.
When will the account be mature (mature)
At the end of 5 years from the date of opening the account in this scheme of the post office, the account can be closed by submitting the application paper fixed with the passbook in the concerned post office. One more thing to know that the interest in the hand of the depotator is taxable. According to the rule, no deposit amount can be withdrawn before the end of one year from the date of deposit. If the account is closed after one year from the date of opening the account and before three years the account is closed by 2% and the remaining amount will be paid.
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