Need Monthly Income? Here's what you should invest to get Rs 3,000, Rs 5,000, Rs 7,000 or Rs 9,000 a month in this guaranteed return scheme
In post office MIS, one can invest up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. After a one-time deposit, the account holder can get up to Rs 5,550 in monthly income in a single account and Rs 9,250 in a joint account. The interest rate in the scheme is 7.4 per cent.
Post Office MIS: Post office runs a monthly income scheme (MIS), where one can invest up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. After a one-time deposit, the account holder can get up to Rs 5,550 in monthly income in a single account and Rs 9,250 in a joint account. The interest rate in the scheme is 7.4 per cent. After making a one-time investment, the scheme provides monthly income for the next 5 years. On the completion of the scheme, the investor can withdraw their principal amount. In this write-up, get to know what should be your one-time investment to get Rs 3,000, Rs 5,000, Rs 7,000, or Rs 9,000 monthly income in this guaranteed return scheme.
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How to get Rs 3,000 monthly income in post office MIS
To get a Rs 3,000 monthly income in this scheme, your investment amount should be Rs 500,000.
How to get Rs 3,000 monthly income in post office MIS
An investment of Rs 5,000 will give you an estimated monthly income of Rs 3,083.
How to get Rs 5,000 monthly income in post office MIS
In order to get a Rs 5,000 monthly income in the scheme, an investor should invest Rs 8,11,000.
How to get Rs 5,000 monthly income in post office MIS
An investment of Rs 8,11,000 will give you an estimated amount of Rs 5,001.
How to get Rs 7,000 monthly income in post office MIS
You can get a Rs 7,000 monthly income only in a joint account. To get that amount, you need to invest Rs 11,36,000 in the scheme.
How to get Rs 7,000 monthly income in post office MIS
An investment of Rs 11,36,000 in the scheme will give you an estimated monthly income of Rs 7,005.
How to get Rs 9,000 monthly income in post office MIS
To get Rs 9,000 monthly income in an MIS joint account, you need to invest Rs 14,60,000 in the scheme.
How to get Rs 9,000 monthly income in post office MIS
An investment of Rs 14,60,000 in the scheme will give you an estimated monthly income of Rs 9,003.
What Rs 15 lakh investment will give you in post office MIS
If you invest Rs 15 lakh in post office MIS, your monthly income will be Rs 9,250.