Post Office: Investing is necessary for every person. Save some part of your monthly income and invest in a safe scheme. While some people invest in the stock market, there is a risk of losing money. If you want a safe investment, then post office schemes are a great option. Many saving schemes are being run by the post office, one of which is the Post Office Monthly Income Scheme (MIS). Let us know about it in detail in the news below-

Post Office Monthly Income Scheme (MIS)-
You can invest your money in the Post Office Monthly Income Scheme (MIS) and earn a lot of good money from interest. To start investing in this scheme, you can open your account at the post office. Under the Post Office Monthly Income Scheme, you have to invest your money together for a full 5 years, after which you will get a return of 7.4 percent every year. You can also withdraw the interest earned from the account every month.

You can invest a maximum of Rs 9 lakh in the Post Office Monthly Income Scheme. At the same time, you can invest a maximum of Rs 15 lakh in a joint account.

Earning of Rs 3.33 lakh in Monthly Income Scheme-
If you make a lump sum investment of Rs 9 lakh in the Post Office Monthly Income Scheme (MIS), you will get a return at an annual interest rate of 7.4%. On this investment, you will get an income of Rs 5,550 every month and Rs 66,600 annually. In 5 years, you will get a total of Rs 3,33,000 from interest only.

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