Post Office MIS: Post Office keeps coming up with various savings schemes for its customers. These schemes have been made according to the needs of different customers.
Post Office Monthly Income Scheme: Today we are going to tell you about such a scheme of post office in which you can get guaranteed returns every month by investing. The name of this scheme is Post Office Monthly Income Scheme.
Post Office Monthly Income Scheme is a government-backed scheme in which you will get a fixed amount every month by investing.
Under this scheme, the government is offering 7.4 percent interest rate in the quarter from July to September. The maturity period of this scheme is of 5 years.
In such a situation, after investing once, you will get a fixed amount every month for five consecutive years. Under this scheme, you can invest a maximum of Rs 9 lakh in a single account. At the same time, you can invest Rs 15 lakh in a joint account.
If you invest Rs 5 lakh in this scheme, then you can get an interest of Rs 3,084 every month at an interest rate of 7.4 percent.
You can get this interest on monthly, quarterly, half yearly or yearly basis. You can open this account by going to any nearest post office.