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Post Office’s superhit scheme! Deposit once, guaranteed earnings every month; See calculation at ₹9 lakh

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Post Office's superhit scheme! Deposit once, guaranteed earnings every month; See calculation at ₹9 lakh

Post Office MIS: Single and joint accounts can be opened in MIS. Its maturity is for the next 5 years from the opening of the account. This scheme is offering 7.4 percent annual interest from January 1, 2024.


Post Office MIS: If you want guaranteed income from your investments without taking any risk, then Post Office Schemes are the most suitable option. One scheme of the post office is MIS (Monthly Income Scheme). Once deposited in this, there is guaranteed income every month for the next 5 years. Single and joint accounts can be opened in MIS. Its maturity lasts for the next 5 years from the opening of the account. From January 1, 2024, 7.4 percent annual interest is being given on MIS.

Post Office MIS: Know these rules

In this scheme of post office, you can deposit up to Rs 9 lakh in single account and Rs 15 lakh in joint account. If you wish, your total principal amount will be returned after the maturity period of 5 years. At the same time, it can be extended for further 5-5 years. After every 5 years, there will be an option to withdraw the principal amount or extend the scheme. The interest received on the account is paid every month to your post office savings account.

POMIS: How much income on 9 lakh deposit

Suppose you opened a single account in the post office MIS and deposited a maximum of Rs 9 lakh. The annual interest on this is 7.4 percent. In this way, there will be an income of Rs 5,550 every month. In this way the income in 12 months will be Rs 66,600. In this way, the total guaranteed income from interest in 5 years will be Rs 3.33 lakh.

According to the rules, two or three people can open a joint account in MIS. The income received from this account is given equally to every member. Joint account can be converted into single account at any time. Single account can also be converted into joint account. To make any change in the account, a joint application has to be given by all the account members. Premature closure may occur in this. But there are some cuts in it.

Account will be opened with Rs 1000

In POMIS scheme, an account can be opened with a minimum investment of Rs 1,000 and investment can be made in multiples of Rs 1,000. According to India Post, interest in MIS is paid every month. Any Indian citizen can invest in Post Office Monthly Income Scheme.

To open MIS account, you must have Aadhar card or passport or voter card or driving license for ID proof. You will have to provide 2 passport size photographs. Government issued ID card or utility bill will be valid for address proof. With this document, you will have to go to the post office and fill the Post Office Monthly Income Scheme form. 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 Rs 1000 will have to be deposited through cash or cheque.

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