Post Office MIS 2024: This account can be opened both single and joint. If you open a joint account, you can get more benefits and earn more.
Post Office MIS 2024: If you want to invest in a scheme in 2024 in which your deposited money remains safe and you also get regular income, then Post Office Monthly Savings Scheme (Post Office Monthly Income Scheme 2024) is for you. It can be very useful for you. The best thing about this scheme is that whatever amount you invest, it remains completely safe. Besides, you keep earning interest on your investment every month.
Post Office MIS account can be opened both single and joint. If you open this account jointly with your wife, brother or any family member, then the deposit limit for you also increases. You get more benefit from this. In such a situation, you can earn Rs 5,55,000 sitting at home through this scheme. Know the details-
Earning from interest every month
Post Office Monthly Saving Scheme is a deposit scheme. In this, there is income every month on lump sum deposit. The interest received on the account is paid every month into the post office savings account. After 5 years you can withdraw your deposited amount. If you want to avail the benefits of the scheme further, then you can open a new account after maturity.
Single and joint account
You can open single and joint account in this scheme. Joint account can be opened by two or three people together. You can deposit up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. Obviously if there are more deposits then the earnings will also be more. In such a situation, if you and your wife open this account together, you will earn more than Rs 5 lakh from interest alone.
How to earn Rs 5,55,000? understand the calculation
At present, interest is available at the rate of 7.4 percent in the Post Office Monthly Savings Scheme. If you deposit Rs 15 lakh in this along with your wife, then you will get an income of Rs 9,250 every month at the rate of 7.4 percent interest. In this way, there will be a guaranteed income of Rs 1,11,000 in a year. 1,11,000 x 5 = 5,55,000 In this way, in 5 years both of them will earn Rs 5,55,000 only from interest.
Whereas if you open this account as a single account then you can deposit a maximum of Rs 9 lakh. In this case, you will get interest of Rs 5,550 every month. In this way, you can take Rs 66,600 as interest in one year and in 5 years you can earn Rs 3,33,000 only through interest.
Know who can open an account?
Any citizen of any country can open an account in Post Office Monthly income scheme. Account can also be opened in the name of the child. If the child is below 10 years of age, then his parents or legal guardian can open the account in his name. When the child turns 10 years old, he can get the right to operate the account himself. Let us tell you, for MIS account, you should have a savings account in the post office. It is mandatory to provide Aadhar Card, PAN Card for ID proof.
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