Post Office MIS: If you want to earn money sitting at home, then a scheme of the post office can be helpful for you. The name of the scheme is Monthly Savings Scheme (Post Office Monthly Income Scheme). Any person can earn every month through this scheme. This scheme can prove to be very beneficial for those people who have retired and do not have any source of regular income. The special thing is that your wife can get a huge benefit in this scheme. If you invest in the scheme with your wife, then you can earn Rs 1,11,000 annually sitting at home.
Know about Post Office MIS
Post Office MIS is a deposit scheme in which you earn every month through interest. How much you will earn depends on your deposit. The interest received on the account is paid in the post office savings account. After 5 years, you can withdraw your deposited amount. If you want to take advantage of the scheme further, then you can open a new account after maturity.
Single and joint account
You can open single and joint accounts in this scheme. Two or three people can open a joint account together. The deposit limit is less in a single account and more in a joint account. In such a situation, if you open a joint account with your wife, you can deposit more and earn more.
What is the limit for single and joint accounts
You can deposit up to Rs 9 lakh in a single account and Rs 15 lakh in a joint account. You have to make the deposit only once and you can earn interest on it for 5 years. Currently, this scheme is giving interest at the rate of 7.4 percent.
How to earn Rs 1,11,000
If you deposit 15 lakh rupees in this scheme along with your wife, then you will earn 1,11,000 rupees annually at the rate of 7.4 percent interest and get 9,250 rupees every month. 1,11,000 x 5 = 5,55,000 In this way, you will earn 5,55,000 rupees in 5 years only from interest.
How much can you earn on a single account
If you open this account single then you can deposit a maximum of 9 lakh rupees. In this case, at the rate of 7.4 percent interest, you can get 66,600 rupees as interest in a year and earn 5,550 rupees every month. In this way, you can earn 3,33,000 rupees in 5 years only through interest.
Know who can open the account?
Any citizen of the country can open an account in Post Office Monthly Income Scheme. Account can also be opened in the name of a child. If the child is less than 10 years old, then his parents or legal guardians can open an account in his name. When the child is 10 years old, he can also get the right to operate the account himself. For MIS account, you must have a savings account in the post office. It is mandatory to provide Aadhaar card, PAN card for ID proof.
