Post Office MIS 2024: This scheme of Post Office will earn you Rs 5550 every month, know
Post Office MIS 2024: If you get a great return on depositing your hard-earned money. For this, many savings schemes are being brought by the government. One of these is the Post Office Monthly Income Scheme.
In this scheme, interest is given at the rate of 7.4 percent per annum. In the government scheme, investors are given interest money on the deposit amount every month. The interest amount is deposited in the post office account of the investor. The special thing about this is that TDS is deducted in this scheme of the post office. However, the interest amount is taxable.
Under the Post Office Monthly Income Scheme, a person can deposit a maximum of Rs 9 lakh in his account. Apart from this, an amount of up to Rs 15 lakh is deposited in the joint account.
If the investor wants, the total amount will be refunded after maturity of 5 years. It can also be extended for 5 years and there is also an option to withdraw money every 5 years. The interest earned on the account is paid every month to the post office savings account.
In this scheme of the post office, you can deposit Rs 9 lakh. After this, interest is received at the rate of 7.4 percent on the investment. It has a maturity period of 5 years. On which interest of Rs 3 lakh 33 thousand is received. That is an income of Rs 5550 per month.
There is also a rule of withdrawal before maturity in the Post Office Monthly Savings Scheme, if the investor wants to withdraw before maturity, then this facility is available after 1 year of investment. It is not possible for him. In case of premature closure, the investor has to pay a penalty. Under this, money can be withdrawn within 1 to 3 years. 2 percent is deducted from the deposit amount and returned.
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