Thu, Oct 03, 2024
Post Office MIS: The Post Office Monthly Income Scheme (POMIS) offers a reliable way for individuals, especially senior citizens, to earn a monthly income of up to Rs 9,250 for five years. Know about the scheme's deposit limits, interest rates, account duration, and the steps to continue earning after maturity. Also, learn how to invest wisely and secure a steady income through this government-backed initiative.
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Mon, Aug 05, 2024
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.
Tue, Jul 30, 2024
MIS offers 7.4 per cent interest rate. The minimum investment in the scheme is Rs 1,000, while the maximum investment in a single account is Rs 9 lakh and in a joint account is Rs 15 lakh. In SWP, investors make a one-time investment in a mutual fund scheme and fix a monthly withdrawal amount. The fund house sells the net asset value (NAV) units from the investment every month and provides income to the investor.
Wed, Jul 24, 2024
One can open a single or a joint MIS account with a minimum investment of Rs 1,000. The scheme offers 7.4 per cent interest annually payable monthly. A guardian on behalf of a minor or a person of unsound mind, and a minor above 10 years old, can in his own name. If you are opening a single account, the maximum deposit will be Rs nine lakh. If you are opting for a joint account, the maximum deposit will be Rs 15 lakh.
Mon, Jun 03, 2024
Post Office MIS: If you withdraw money under Post Office Monthly Income Scheme between one year and three years, then 2 per cent of the deposit amount will be deducted and returned. Whereas if you want to withdraw money between 3 years to 5 years, then the deposit amount is returned to you after deducting 1 per cent from the deposited amount. At the same time, after the completion of 5 years, you get the entire amount back.
Tue, May 21, 2024
Post Office Monthly Income Scheme (MIS): The monthly scheme offers an interest rate of 7.4 per cent annum payable monthly. The minimum investment amount will be Rs 1,000, while the maximum amount in an individual account will be Rs nine lakh and in a joint account, it will be Rs 15 lakh.
Fri, May 10, 2024
Post Office runs a lot of small savings schemes that provide guaranteed returns in the form of interest rates. Investors seeking non-market-linked returns invest in post office schemes.
Tue, Apr 30, 2024
Investors seeking guaranteed returns and monthly income can invest in Post Office Monthly Income Scheme (MIS). A one-time investment will help you get a fixed monthly income in this post office scheme.
Sun, Jan 07, 2024
Post Office MIS 2024: This account can be opened both single and joint. If you open a joint account, you can get more benefits and earn more monthly income. Know how
Fri, Sep 30, 2022
Post Office Monthly Income Scheme Interest Rate 2022, Calculator: It is one of the most popular schemes not just because it guarantees monthly income to the subscribers of the scheme but also the invested amount remains safe in a secured government scheme without any risk to the principal amount.
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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