Post Office Schemes provide many types of facilities to customers … You can earn every month through the Post Office Monthly Savings Scheme. Let us know that for customers who do not want to take the risk, this scheme of post office is best.
New Delhi: Post Office Schemes provides many types of facilities to customers … You can earn every month through the Post Office Monthly Savings Scheme. Let us know that for customers who do not want to take the risk, this scheme of post office is best. You can also open a joint account through this scheme. Let us tell you about this in detail –
what is MIS scheme?
Accounts opened in MIS scheme can be opened both single and joint. While opening a personal account, you can invest minimum Rs 1,000 and maximum Rs 4.5 lakh in this scheme. However, up to a maximum of 9 lakh rupees can be deposited in a joint account. This scheme is very beneficial for retired employees and senior citizens.
what are the benefits?
>> The good thing in MIS is that two or three people can also open a joint account.
>> The income received in exchange for this account is given equal to each member.
>> Joint accounts can be converted into a single account at any time.
>> Single account can also be converted into joint account.
>> To make any kind of change in the account, a joint application of all the account members has to be given.
How to open an account?
To avail this facility, you will have to open a savings account in the post office. After this, you can take the form of MIS by going to any nearest post office branch. For this, you will have to install ID proof, residential proof and 2 passport size photographs. Fill it correctly and submit it to the post office with the sign of witness or nominee. Submit cash or check for the fixed amount to open the account with the form.
When can I withdraw money?
Let us tell you that with some deduction, money can be withdrawn before time after one year. After one year and before three years there is a deduction of 2 per cent on the withdrawal of money. At the same time, after 3 years, there is a deduction of 1 percent of the amount deposited in the account. At the same time, after 5 years there will be no deduction, but the entire money will be safely returned.
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