Post Office Monthly Income Scheme: Post Office runs many types of small saving schemes. If you want to earn monthly income by investing once, then Post Office Monthly Income Scheme (POMIS) will be right for you. By investing in this government scheme, you can earn regular income every month. The duration of this scheme is 5 years.
The interest rates of post office schemes are reviewed every quarter. In the third quarter (October-December) of the current financial year, an annual interest of 7.4 percent is being given on the Monthly Income Scheme of the Post Office.
Minimum deposit Rs 1000
The minimum deposit in Post Office Monthly Income Scheme is Rs 1,000. In this, investment can be made in multiples of Rs 1000. The maximum deposit limit for a single account is Rs 9 lakh. The maximum deposit limit for joint account is Rs 15 lakh.
Post Office MIS 2024 Calculation
In this scheme, maximum deposit of Rs 9 lakh is allowed in a single account. There will be an income of Rs 5,550 every month on this deposit. Maximum deposit of Rs 15 lakh is allowed in joint account. There will be an income of Rs 9,250 every month on this. The returns from this scheme remain fixed for 5 years.
- Investment: Rs 15 lakh
- Annual interest rate: 7.4 percent
- Duration: 5 years
- Earning from interest: Rs 5,55,000
- Monthly Income: Rs 9,250
Premature closure rules
If there is a need to withdraw money before maturity in Post Office Monthly Income Scheme, then you get this facility after one year. In case of pre-mature closure you have to pay penalty.
Tag: earn money, tips to earn money, post office, Post Office MIS
first published : November 17, 2024, 9:25 pm IST
