The Post Office Monthly Income Scheme (MIS) is a good opportunity for those who want to make money every month with a safe investment. Through this scheme you can earn up to Rs.5000 per month. Now you can see the details of Post Office Monthly Income Scheme ప్రారంభ You can open this account at any post office near you. For this, along with the MIS form, the relevant address, identity documents and two photos should be submitted at any post office.
Account can be opened individually or jointly. If you open a single account, you can invest up to a maximum of Rs 4.5 lakh and if you open a joint account, you can invest up to a maximum of Rs 9 lakh. The scheme can be started with a minimum of Rs.1500. The scheme offers a current interest rate of 6.6 per cent and earns Rs. 4950 per month with this interest rate. Interest accrues from the first month of investment. This interest money can be obtained directly from the post office or transferred to our savings account or bank account.
The lock-in period of this scheme is 5 years. However, if you do not want to join the scheme after one year of deposit, you can close the account and withdraw the cash. However, after one year, if the account is closed before three years, a 2 per cent deduction will be made from the deposit amount. If the drug account is closed for less than five years after the completion of the same three years, a deduction of 1 per cent will be levied on the deposit amount. The full amount can be withdrawn on completion of maturity. Or can be reinvested
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