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Superhit Deposit Scheme: This is a superhit government scheme of the government. In which if you invest lump sum, you will start getting guaranteed monthly income. This scheme is Post Office Monthly Income Scheme (Post Office MIS). In this scheme your investment is not affected by market fluctuations. In this your money remains completely safe. Investment has to be made only once in MIS account. Its maturity is 5 years.
Monthly income of Rs 3,083 on deposit of Rs 5 lakh
Post Office MIS Scheme has guaranteed monthly income. A single account holder can deposit a maximum of Rs 9 lakh in this scheme. 7.4 percent annual interest is being given on this scheme. It is paid on quarterly basis. According to MIS calculator, if you deposit Rs 5,00,000 in lump sum, you will get an income of Rs 3,083 every month. That means you will get Rs 36,996 from annual interest. If you open a joint account, you can deposit a maximum of Rs 15 lakh in lump sum.
Post Office MIS has a maturity period of five years and can be prematurely closed. However, you can withdraw the money only after completion of one year from the date of deposit. According to the rules, if money is withdrawn between one year and three years, then 2 percent of the deposited amount will be deducted and returned. If you withdraw money before maturity after 3 years of account opening, 1 percent of your deposit will be deducted and refunded.
easy account opening
Any citizen of the country can open a post office MIS. The account can also be opened in the name of the child. If the child is below 10 years of age, then the account can be opened in his name on behalf of his parents or legal guardian. 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. For ID proof you will have to provide Aadhar Card, PAN Card.
Keep 5 special things in mind about the scheme
- You can also transfer MIS account from one post office to another.
- On completion of maturity i.e. five years, it can be extended for further 5 years.
- There is facility of nomination in MIS account.
- Two or three people can open a joint account in MIS. The income received from this account is given equally to each member.
- Joint account can be converted to single account at any time. Single account can also be converted into joint account. To make any changes in the account, all the account members will have to submit a joint application.
