Get Rs 9250 interest every month by investing Rs…; check scheme, eligibility, deposits and more
The maximum investment limit in the Post Office Monthly Income Scheme (MIS) account is RS 9 Lakh in a single account and 15 Lakh in a common account.
The post office is one of the places where Indians have invested their money to attract an impressive attention. Post Office, different savings plans, RD, TD, MIS, PPF and Kisan Vikas Patra offers great interest to its customers. In this article, we will talk about a scheme where you can earn a fixed interest rate of 9250 RS every month. In the monthly income plan, you only need to invest once, after which the interest rate continues to come to your account every month.
How can I get the fixed interest rate of 9250 RS every month?
If you deposit 15 lakhs in the post office MIS scheme with another member of your spouse or family, you can get a fixed interest rate of 9250 RS with an interest rate of 7.4 percent per month.
Post Office Monthly Income Program Account (MY) time
- The account can be closed with the end of 5 years (maturity period)
- The account holder may be closed if the account dies before the maturity of the account and the deposit shall be returned with interest in the general rules with the interest until the month before the repayment is made.
Deposit
- The account must be opened in any amount on the minimum 1000 RS deposit or 1000 RS floor and will be only one deposit in one account.
- Maximum RS 9 Lakh can be left in a single account and a common account RS 15 Lakh.
- The deposits in all accounts taken for an individual will not exceed RS 9 Lakh in a single account and RS 15 Lakh in a common account.
Interest
- The account holder may be allowed to take a deposit and close the account after a year after the date of opening.
- If the interest to be paid every month is not requested by the account holder, this interest does not gain additional interest.
- Interest may be withdrawn to the post office saving account or to the deposit bank account via ECS through the automatic credit facility.
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How to open an account?
Accounts can also be opened through the e-Banking facility. However, it should be noted that a post office savings account is a prerequisite to benefit from the internet banking facility. Check all the details of post office mis HERE.
