Mon, Mar 18, 2024
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.
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Thu, Jun 02, 2022
Post Office Monthly Income Scheme (Post Office MIS) is a government small savings scheme, which gives investors an opportunity to earn a fixed amount every month. Market volatility has no effect on this investment. Being a post office scheme, your money remains safe. This is a 5 years scheme, which can be extended further for 5-5 years.
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