PO Scheme: Open an account in your wife's name under this post office scheme... you will get ₹9,250 interest per month..

Post Office MIS Scheme: If you and your wife deposit ₹4 lakh in the Post Office MIS Scheme, how much interest will you earn each month? Learn about the current interest rate, calculate your monthly income, and check the benefits of investing.

According to investment experts, regular investments can yield good returns over the long term. There are many investment options available in the market right now. However, all of them carry risks. However, investments like government schemes, bonds, and bank deposits offer guaranteed returns, making risk less of a concern.

To provide financial security to ordinary citizens, the Post Office also offers a variety of savings schemes. MIS (Monthly Income Scheme) is a popular and excellent savings scheme offered by the Post Office. This scheme requires a lump sum investment, followed by a fixed monthly interest. Today, we will learn how much interest you will earn each month if you deposit ₹4 lakh in the Post Office MIS scheme.

7.4% Interest Rate on MIS Scheme: The current annual interest rate on the Post Office MIS Scheme is 7.4%. Under this monthly income scheme, a minimum lump sum investment of ₹1,000 can be made and a maximum of ₹9 lakh can be made. Under the Post Office MIS Scheme, a maximum of ₹15 lakh can be deposited in a joint account. Under the MIS scheme, a joint account can be held by three people.

The MIS account has a maturity period of 5 years. The MIS scheme requires a lump sum investment, after which a fixed monthly interest amount will be credited to the bank account. This scheme will expire after 5 years. Upon completion of the term, all funds deposited in the MIS account will be transferred to the bank account. Under this scheme, a joint account can be easily opened with a spouse. If a joint deposit of ₹4 lakh is made in this scheme, the bank account will earn a fixed interest of ₹2,467 per month.

To open an account under the Post Office Monthly Income Scheme, it is necessary to have a savings account with the Post Office. If someone does not have a savings account with the Post Office, they will need to open one before opening an account under the Monthly Income Scheme. It is important to know that one's money is completely safe in all Post Office schemes, as the Post Office is a government department controlled by the Central Government.

How about ₹9,250 per month? If you invest ₹15 lakh in this scheme under a joint account, you will receive ₹9,250 per month at an annual interest rate of 7.4%. If you invest ₹9 lakh, your monthly income will be ₹5,550.

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