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Home Personal Finance Post Office Guaranteed Income Scheme: Rs 4,950 will be available every month,...

Post Office Guaranteed Income Scheme: Rs 4,950 will be available every month, know how to open an account

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According to the India Post website, the post office monthly income scheme (Post Office MIS) gets 6.6 percent interest. Customers can deposit at least 1000 rupees in this scheme.

People resort to many savings schemes to earn a fix on their accumulated money. But barring fixed deposits or some investment, the guaranteed income is not available everywhere. But today you are going to tell about a special scheme of the post office. With which you can earn 4950 rupees every month. That too with full protection of their money. So let’s know what is this scheme and how is it invested




According to India Post’s website, the monthly income scheme of the post office gets 6.6 percent interest. Customers can deposit at least 1000 rupees in this scheme. At the same time, if you have invested in it through a joint account, then you can get double benefit.

This way, you will earn 4950 rupees every month

The special feature of this scheme is that its interest is calculated on an annual basis. That is, if an investor has invested 9 lakh rupees through a joint account in it, then his interest is Rs 59,400 at the rate of 6.6 per cent annually. In this context, the monthly amount of your interest is Rs 4,950. Which you can take every month. This is only the amount of interest, your principal will remain the same.

You can increase the amount even further

You will continue to get a monthly interest of Rs 4,950 according to the 5-year maturity. At the same time, if you want, you can also increase your maturity. Under this scheme, you can open an account with just 1000 rupees. If you open a single account, you can deposit a maximum of Rs 4.5 lakhs, while if you have opened a joint account, then you can deposit a maximum of Rs 9 lakhs.

Jan Dhan account holders: If you have a Jan Dhan account, do it by March 31, otherwise it will cause loss of millions

Who can open an account

– Any person who is above 18 years of age
– Account can be opened with a maximum of 3 joint holders
– Account can be opened in the name of a child above
10 years of age – For a child under 10 years of age. Guardian can open account in his name

And what are the terms

An important condition of opening this account is that you cannot withdraw your deposit before 1 year. On the other hand, if you withdraw between 3 to 5 years before completing your term, then you will get 1% of your principal after deducting it. At the same time, if you withdraw your amount at the completion of the period i.e. 5 years, then you will get all the benefits of the scheme.

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