Government Scheme: Big News! Deposit Rs 4.5 lakh in lump sum and get guaranteed income of Rs 2475 per month; know calculation

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Post Office Monthly Income Scheme: Deposit Rs 4.5 lakh in lump sum, earning Rs 2475 every month, know how
Post Office Monthly Income Scheme: Deposit Rs 4.5 lakh in lump sum, earning Rs 2475 every month, know how
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Government Scheme: A lump sum investment has to be made in Monthly Income Scheme. After maturity, the account holder starts getting monthly guaranteed income.



Post Office MIS Calculator: Post Office Monthly Income Scheme (Post Office MIS) is a great government scheme. A lump sum investment has to be made in this scheme. After maturity, the account holder starts getting monthly guaranteed income. Money is 100% safe in this scheme. It is not affected by market fluctuations. One has to invest only once in the MIS account of the post office. Its maturity is of 5 years. That is, after five years you will start getting guaranteed monthly income.

MIS Calculator: Rs.29,700 Income on 4.5 Lakh Deposits 

According to the MIS calculator, if a person opens this account with a lump sum deposit of Rs 4.5 lakh, then he will have an income of Rs 29,700 annually for the next five years after maturity. That is, every month you will get Rs 2,475. In this way, you will get total interest of Rs 1,48,500 in five years. At present, 6.6% annual interest is being received on the MIS of the post office.

Account can be opened with Rs.1,000 

The account can be opened with a minimum investment of Rs 1,000 in the POMIS scheme. Both single and joint account can be opened. You can invest a maximum of Rs 4.5 lakh in a single account and up to Rs 9 lakh in a joint account. According to India Post, interest is paid every month in MIS. Any Indian citizen can invest in the Post Office Monthly Income Scheme.


Equal amount will be available in joint account 

In MIS, two or three people together can also open a joint account. The income received in exchange for this account is given equally to every member. You can convert a joint account to a single account at any time. Single account can also be converted into joint account. To make any changes in the account, a joint application has to be given by all the account members.

How to open account 

To open an MIS account, you must have aadhar card or passport or voter card or driving license for ID proof. You have to provide 2 passport size photographs. For address proof, ID card or utility bill issued by the government will be valid. By taking this document, you will have to go to the post office and fill the form of the Post Office Monthly Income Scheme. You can also download it online. Along with filling the form, the name of the nominee will also have to be given. To open this account, initially 1000 rupees have to be deposited through cash or cheque.

Account transfer facility 

You can also transfer MIS account from one post office to another post office. On maturity i.e. completion of five years, it can be extended for a further 5-5 years. Nomination facility is available in MIS account. This scheme money is completely safe.


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