New Delhi: Post Office MIS: In today’s time, people look for such an investment option which is safe and also gives good returns. By the way, for such people, post office plans are considered the safest and better, as they give good returns at zero risk.
If you are now looking for such an option, then the Monthly Income Scheme of the Post Office will be better for you. Under this scheme, you have to invest money once and after the maturity of the scheme, you will get a fixed amount every month as income.
Let us tell you that money is completely safe in this. In this, the ups and downs of the market do not affect the investment or return. The maturity period in MIS account is 5 years. Any Indian citizen can invest in the Post Office Monthly Income Scheme.
How much to invest:
In Monthly Income Scheme, an account can be opened with an investment of Rs 1000. This account can be opened both singly and jointly. The maximum investment that can be made in a single account is Rs 4.5 lakh, while the maximum investment in a joint account is Rs 9 lakh. Interest in MIS is paid every month. The rate of interest in this scheme is currently 6.6% per annum.
How much money will you get every month:
In this scheme, the maximum one can invest Rs 4.5 lakh in a single account, while the maximum investment is Rs 9 lakh in a joint account. At the same time, 6.6 percent annual interest is being given in this scheme. Accordingly, you will get an annual interest of Rs 29,700 in a single account. That is, interest of Rs 2,475 will be available every month.
What is the maturity period:
Although the maturity period is 5 years, but there is also the option of premature closure. You can withdraw money only after the completion of one year from the date of commencement of the scheme.
According to the rules, if the money is withdrawn between one year to three years, then 2% of the deposit amount will be refunded. On the other hand, if you withdraw money before maturity after 3 years of account opening, then 1% of your deposit will be refunded after deducting it.
Open this account like this:
- To open a Monthly Income Scheme account, you must have Aadhar Card or Passport or Voter Card or Driving License. Along with this, 2 passport size photographs will also be required.
- With these documents, you can go to the post office and open an account by filling the form of Monthly Income Scheme. You can also download the form online if you want.
- You also have to make someone your nominee. 1000 will have to be deposited through cash or cheque at the time of opening the account.
