Post Office MIs scheme: Husband and wife will get 59,400 Rs benefits, check all details
By Lokmat English Desk | Published: August 17, 2021 01:19 PM2021-08-17T13:19:38+5:302021-08-17T13:19:38+5:30
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Various schemes are implemented by the Post Office to secure your future. Also, the money invested in this plan is fully guaranteed, which means there is no risk to your money. There is a similar post office scheme through which both the husband and wife can earn money every month.
A special scheme is implemented by the post office, through which both husband and wife can earn Rs 59,400 annually. The name of this scheme is Post Office Monthly Savings Scheme (Post Office MIS).
The scheme through which you get a fixed income every month. If you consider the monthly income, you can earn Rs 4,950 per month. You can also open a joint account for this scheme.
Therefore, it is divided into 12 parts every month. This is the part you can order in your account every month. If you do not need it on a monthly basis, you get interest on it by adding to the principal amount.
What is MIS plan
Accounts in MIS plan can be opened both single and joint. When opening a personal account, you can invest a minimum of Rs 1,000 and a maximum of Rs 4.5 lakh in this scheme. However, you can deposit a maximum of Rs 9 lakh in a joint account. This scheme is very beneficial for retired employees and senior citizens.
What are the benefits?
The good thing about the MIS scheme is that two or three people can open a joint account together. Earnings from this account are the same as each member's earnings.
You can convert a combined account to a single account at any time. You can convert a single account into a joint account. All account members have to submit a joint application to make any change in the account.
Your total return on an annual basis
Under this plan, you are currently earning an annual interest rate of 6.6 per cent. Under this scheme, you are charged a return on the total deposit at an annual interest rate. Your total return is on an annual basis.
Therefore, it is divided into 12 parts every month. This is the part you can order in your account every month. If you do not need it on a monthly basis, you get interest on it by adding to the principal amount.
How to earn?
Suppose the couple has invested Rs 9 lakh in a joint account under this scheme. At an interest rate of 6.6 per cent, the annual return on deposits of Rs 9 lakh will be Rs 59,400. Divided into 12 parts, it will be Rs. 4950 per month.
This means you can order Rs 4950 in your account every month. Also, the original amount of your investment will be completely safe. If you want, you can extend this plan after 5 years and for 5-5 years.
