Post Office Saving Scheme! There will be income every month, know what benefits you will get

Post Office Monthly Income Scheme Account: Post Office Monthly Income Scheme Account: Post Office Scheme can be an excellent possibility for funding. Interest is on the market every month in Post Office Monthly Income Scheme (POMIS). How a lot revenue will you get by investing how a lot cash on this scheme? How to open a month-to-month account to avail this scheme? Let us know the solutions to those questions on this article.

– Advertisement –

Post Office Monthly Income Scheme (Post Office MIS): If you are searching for funding scheme choices for assured returns, then you may spend money on Post Office scheme. In this scheme you can avail excessive returns with none threat.

Investors additionally get assured returns in Post Office Monthly Income Scheme (Post Office MIS). In this scheme you can open single or joint account.

Apart from this, on this scheme you don’t have to take a position repeatedly i.e. you must spend money on lump sum. At current the annual rate of interest on this scheme is 7.4 p.c.

How to open account in Post Office MIS

You can open an account by going to your nearest submit workplace. To open an account you must fill the KYC kind and fix a replica of PAN card.

If you open a joint account, you will even have to connect the PAN card of the opposite member.

Know about Post Office Monthly Income Scheme right here

• In this scheme the individual will get curiosity every month. As quickly because the investor opens the account and until the account matures
• Interest is added on the finish of every month.
• The curiosity on this scheme is revised every quarter.
• The tenure of this scheme is 5 years.
• The investor can not make any withdrawal from the account for 1 12 months after the account is opened.
• If the investor closes the account earlier than 3 years, an quantity of two p.c is deducted from the principal quantity. There is a deduction of 1 p.c on closing the account after 3 years.
  In this scheme, you can make investments a most of Rs 15 lakh and a minimal of Rs 1,000 in an account.

Post Office MIS Calculator

If you have invested Rs 5 lakh within the submit workplace scheme, then you will get curiosity income of Rs 3,083 every month on the charge of seven.4 p.c curiosity. If you calculate on this method, you will get curiosity income of Rs 36,996 in a single 12 months.

Property Illegal Possession : If somebody has taken unlawful possession of the property, then do that instantly

– Advertisement –