Post Office Monthly Income Scheme: How to earn Rs 5,550, Rs 7,400 or Rs 9,250 monthly income by investing in this post office scheme; calculations will surprise you
Monthly Income Scheme (MIS) at Post Office: Did you know that you can earn monthly interest ranging from Rs 6 to Rs 9,250 for five years against a one-time deposit to the tune of Rs 1,000-15,00,000 in a special, guaranteed income small savings scheme at the post office? Formally known as the National Savings Monthly Income Account (MIS), this savings plan enables depositors to park their funds to earn interest every month for the entire maturity period of five years. And what is the interest rate of the MIS plan? Currently, the scheme delivers a return of 7.4 per cent (paid monthly). Read on to learn all about this investment plan with examples.
Post Office Monthly Income Scheme: This guaranteed-income savings plan enables depositors to park their funds to receive monthly interest payments for the entire maturity period of five years.