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Post Office MIS 2024: If you want to invest in a scheme in 2024 in which your deposited money will be safe and you will also get regular income, then Post Office Monthly Savings Scheme (Post Office Monthly Income Scheme 2024) is for you. This can be very useful for you. The best thing about this scheme is that whatever amount you invest in it, it remains completely safe. Apart from this, you keep getting 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, your deposit limit also increases. You get more benefits 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 Savings 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, you can open a new account after maturity.
Single and Joint Account
In this scheme you can open single and joint account. Joint account can also 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 the deposits are more 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 calculations
At present, the post office monthly savings scheme offers interest at the rate of 7.4 percent. 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 a year and in 5 years you can earn Rs 3,33,000 only from interest.
Know who can open an account?
Any citizen of any country can open an account in Post Office Monthly Income Scheme. The account can also be opened in the name of the child. If the child is below 10 years of age, his parents or legal guardian can open an 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 must have a savings account in the post office. It is mandatory to provide Aadhar Card, PAN Card for ID proof.