Post Office Scheme: India's post office not only provides postal services but also banking services. In the post office, you can open a savings account, open a TD account like FD and open an RD account. Not only this, you can also invest money in many types of investment schemes in the post office. Today we are going to tell you about one such scheme of the post office, in which you can earn every month sitting at home by investing just once. Yes, we are talking about the Monthly Income Scheme (MIS) of the post office.
Post Office MIS is a scheme in which lump sum investment is made. In this scheme, you can invest a minimum of Rs 1000 and a maximum of Rs 9 lakh. If you want to open a joint account in this scheme, then you can also invest a maximum of Rs 15 lakh in it. You get an annual interest of 7.4 percent on the Post Office MIS scheme and the interest money keeps coming to your bank account every month. This post office scheme comes with a lock-in period of 5 years. However, under certain circumstances, you can close your account and withdraw money even before 5 years.
If you are married, you can open a joint account in MIS scheme with your wife. Under the MIS scheme, you can invest Rs 15 lakh in a joint account with your wife. If you invest Rs 15 lakh, then a fixed interest of Rs 9250 will keep coming to your bank account every month for 5 years. After completion of 5 years, the entire Rs 15 lakh deposited by you is also transferred to your bank account. Let us tell you that this is a government scheme, which is being run by the post office under the supervision of the central government. In this scheme, your money is completely safe and you keep getting fixed interest with guarantee every month.
