Post Office MIS: If you are looking for a way to earn money from home every month, then POMIS can be helpful for you. You can earn up to Rs 5,55,000 through this scheme.
Post Office MIS 2024: Many times you have a lump sum amount, but there is no regular income source. People often face this problem in old age after retirement. To provide regular income to such people, the government has prepared many types of schemes. One of these schemes is Post Office Monthly Income Scheme. From the name of the scheme itself, you must have understood that this scheme is going to generate income every month.
This is a deposit scheme, in which interest is earned every month. This scheme provides the facility to open both single and joint accounts. If you want to earn income through this scheme after retirement, then open the account with your wife. The investment limit in a joint account is higher. In such a situation, you can earn more than Rs 5 lakh from this scheme while sitting at home. Know how?
How much can be deposited in a joint account?
In this post office, there is monthly income on lump sum deposit. In this, you can deposit up to 9 lakh rupees in a single account and 15 lakh rupees in a joint account. Currently, this scheme gives interest at the rate of 7.4 percent. Obviously, if there is more deposit, then the income will also be more. Let us tell you that in this scheme, apart from wife, you can also open a joint account with brother or any family member. Since the joint income of husband and wife is a part of the same family, it is advisable to open an account with wife to get more benefit.
This way you will earn more than 5,00,000
Currently, the Post Office Monthly Savings Scheme is giving an interest rate of 7.4%. If you deposit Rs 15 lakh in it along with your wife, then you will get an income of Rs 9,250 every month at the rate of 7.4% 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, both of you will earn Rs 5,55,000 in 5 years from interest alone.
On the other hand, if you open this account single, then you can deposit a maximum of Rs 9 lakh. In this case, you will get an interest of Rs 5,550 every month. In this way, you can get Rs 66,600 as interest in a year. 66,600x 5 = Rs 3,33,000, in this way, a total of Rs 3,33,000 can be earned through interest in 5 years through a single account.
The deposit amount is returned after 5 years
The interest received on the deposit made in the account is paid every month in the post office savings account. Meanwhile, the deposit amount remains completely safe. After 5 years, you can withdraw your deposited amount. If you want to take advantage of the scheme further, you can open a new account after maturity.
Who can open an account?
Any citizen of the country can open an account in the Post Office Monthly Income Scheme. An 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. Let us tell you, 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.
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