Post Office Monthly Income Account (MIS): How to get Rs 5,000 monthly income through this post office scheme
National Savings Monthly Income Account, also known as Post Office MIS offers guaranteed monthly income after a one-time investment. The scheme provides an interest rate of 7.4 per cent annually and comes with a lock-in period of five years. One can get a maximum monthly income of Rs 5,550 in a single account and Rs 9,250 in a joint account. One gets their principal amount back at the time of maturity. Know more about Post Office MIS and how one can get a monthly income of Rs 5,000.
![Post Office Monthly Income Account (MIS): How to get Rs 5,000 monthly income through this post office scheme](https://cdn.zeebiz.com/sites/default/files/2024/03/18/284560-indian-currency-take-unsplash.jpg?im=FitAndFill=(1200,900))
The interest rate in Post Office MIS is 7.4 per cent per annum payable monthly. Photo: Unsplash/Representational