If you have a lump sum amount for retirement, land sale or any other way, then this is a good investment option for you. In this scheme, you can get stable returns with low risk. You can open this account by submitting KYC and necessary documents at any post office.

Who can invest in this scheme?

Anyone can invest in this scheme. You can open an account alone or a joint account with a maximum of 3 adults. If your children are above 10 years of age, they can open the account themselves. For a minor or mentally ill person, their guardian can open the account. You can also nominate a family member or a minor. You can open as many accounts as you want in this scheme.

What is the minimum investment required?

The minimum investment starts from Rs 1,000 and there is no maximum limit. That is, you can deposit as much money as you want. Investment made in this scheme is eligible for tax deduction under Section 80C of the Income Tax Act. Investment up to Rs 1.5 lakh in a financial year remains tax free.

How many lakhs of rupees will you get after 5 years…

Currently, this scheme offers 7.7 percent compound interest per annum. Interest is paid after completion of 5 years. The interest of the first 4 years is reinvested, on which tax exemption is available, but the interest of the 5th year comes under the ambit of tax.

Another advantage of this scheme is that you can take a loan by pledging your NSC with a bank or NBFC. This way, if needed, you can manage the money without breaking your savings. The account matures in 5 years and generally it cannot be closed prematurely. This can happen only in special cases like death of the investor or court order.

If both husband and wife are employed, they can get huge benefits by opening a joint account in this scheme. If you both invest Rs 9 lakh in lump sum, then after 5 years you will get Rs 13,04,130. Out of this, Rs 4,04,130 will be as interest. This scheme is very good for those who want good returns with low risk and government guarantee. This scheme of the post office is not only safe but also helps in saving tax.

The post Post Office’s great scheme!, husband and wife open an account, deposit 13 lakhs in 5 years… first appeared on Rightsofemployees.com.

If you are planning to invest in a scheme from which you get regular income, then this news is especially for you. Today we are going to tell you about a very great scheme of the post office. Its name is Post Office Monthly Income Scheme. By investing in this scheme, you will not only get regular income, but by investing money here, you will not have to face the dangers of any kind of market risks. This scheme is completely safe in terms of investment. Many people in the country are getting regular income by investing in this scheme of the post office. By investing in the Monthly Income Scheme of the Post Office, you are getting an interest rate of 7.4 percent. In this episode, let us know about this scheme in detail –

In this scheme of the post office, you have to make a lump sum investment. If you are opening a single account in this scheme, then you can invest a maximum of 9 lakh rupees. Whereas if you are opening a joint account here, then you can invest a maximum of 15 lakh rupees.

This regular income scheme of the post office has a lock-in period of 5 years. However, there are certain circumstances where you can close your account before five years and withdraw the deposited amount.

If you are married and open a joint account in this scheme with your wife and invest a lump sum of Rs 15 lakh, then both of you will get a total pension of Rs 9,250 every month.

Monthly Income Scheme is being run by the post office under the supervision of the central government. If you open a single account in this scheme of the post office and invest a lump sum of Rs 9 lakh in this scheme, then you will get a pension of Rs 5,550 every month.

The post Post Office MIS: Husband and wife should invest in this scheme, they will get pension of Rs 9,250 every month first appeared on Rightsofemployees.com.

Post Office RD

Post Office RD is like a piggy bank. In this, a fixed amount has to be deposited every month for 5 consecutive years. On maturity, the amount is returned along with interest. At present, interest is being given on it at the rate of 6.7%. Any person can start investing in this scheme with even Rs 100.

Post Office Time Deposit

The fixed deposit scheme run in post office is called Post Office Time Deposit. In this, lump sum amount can be deposited for 1, 2, 3 and 5 years. The interest rate varies according to the tenure. Interest is available at 6.9% for one year, 7% for two years, 7.1% for three years and 7.5% for 5 years. A minimum deposit of Rs 1000 can also be made in this.

Post Office MIS

Investment in Post Office MIS can also be started with a minimum of Rs 1000. The maximum investment is Rs 9 lakh in single account and Rs 15 lakh in joint account. In this scheme which earns money through interest every month, interest is given at the rate of 7.4%. Your money is deposited for 5 years and after that the original amount is returned.

PPF

Public Provident Fund is a scheme which has to be run for 15 years. A minimum investment of Rs 500 can be made annually and the maximum investment is Rs 1.5 lakh annually. In this scheme, interest is given at the rate of 7.1%.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme is also a one time deposit scheme. Investment in this scheme can be started with a minimum of Rs 1000. Maximum investment can be made up to Rs 30 lakh. The government gives interest at the rate of 8.2% on this 5-year deposit scheme being run for senior citizens. This scheme is very good for retired people.

NSC

Any Indian citizen can start investing in National Savings Certificate with just Rs 1000. There is no limit on maximum investment. At present, interest is being given on this scheme at the rate of 7.7%. In this scheme also, you can take advantage of better interest rates by depositing the amount for 5 years.

Mutual Funds: SIP will give huge profits, but understand these 4 things carefully before investing.

The post Post Office Scheme: Great schemes of Post Office in which you can start investing even with Rs 100, 500 and 1000. first appeared on Rightsofemployees.com.

Post Office RD is like a piggy bank. In this, a fixed amount has to be deposited every month for 5 consecutive years. On maturity, the amount is returned along with interest. At present, interest is being given on it at the rate of 6.7%. Any person can start investing in this scheme with even Rs 100.

Post Office Time Deposit

The fixed deposit scheme run in post office is called Post Office Time Deposit. In this, lump sum amount can be deposited for 1, 2, 3 and 5 years. The interest rate varies according to the tenure. Interest is available at 6.9% for 1 year, 7% for 2 years, 7.1% for 3 years and 7.5% for 5 years. A minimum deposit of Rs 1000 can also be made in this.

Post Office MIS

Investment in Post Office MIS can also be started with a minimum of Rs 1000. The maximum investment is Rs 9 lakh in single account and Rs 15 lakh in joint account. In this scheme which earns money through interest every month, interest is given at the rate of 7.4%. Your money is deposited for 5 years and after that the original amount is returned.

PPF

Public Provident Fund is a scheme which has to be run for 15 years. A minimum investment of Rs 500 can be made annually and the maximum investment is Rs 1.5 lakh annually. In this scheme, interest is given at the rate of 7.1%.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme is also a one time deposit scheme. Investment in this scheme can be started with a minimum of Rs 1000. Maximum investment can be made up to Rs 30 lakh. The government gives interest at the rate of 8.2% on this 5-year deposit scheme being run for senior citizens. This scheme is very good for retired people.

NSC

Any Indian citizen can start investing in National Savings Certificate with just Rs 1000. There is no limit on maximum investment. At present, interest is being given on this scheme at the rate of 7.7%. In this scheme also, you can take advantage of better interest rates by depositing the amount for 5 years.

7th Pay Commission : The wait is over, now this state also got 4% DA hike, Government’s Holi gift to employees and pensioners

The post Post Office Scheme : Great schemes of Post Office in which you can start investing from Rs 100, 500 and even Rs 1000. first appeared on Rightsofemployees.com.

Although there are many investment options available in the market, but even today people prefer to invest in small savings schemes of post office. Today we are telling you about a scheme by investing in which you can get guaranteed returns every month after retirement. The name of this scheme is Post Office Monthly Income Scheme. After retirement, if you want to get a fixed amount every month like pension, then this scheme can be a better option for you. We are telling you about the details of the monthly income scheme.

Know the details of Monthly Income Scheme-

Under the Post Office Monthly Income Scheme, you can get huge returns by investing lump sum. Under this scheme you can open a single or joint account. Under joint account, two or three people can open an account together. Any person above 10 years of age can open an MIS account. Under this scheme you can invest from Rs 1,000 to Rs 15 lakh. The maximum limit of investment in a single account is Rs 9 lakh.

This much interest rate is available under the scheme-

The government decides the interest rates of small savings schemes from time to time. These rates are applicable on every quarterly basis. The third quarter of the financial year 2023-24 is getting the benefit of interest at the rate of 7.40 percent. For example, if you invest Rs 15 lakh in this scheme, you will get Rs 9,250 as interest every month. You can withdraw this interest on every month, three months, six months or yearly basis. In such a situation, you can get a total of Rs 5,55,000 as interest in five years.

Account can be closed before maturity

It is worth noting that under the Post Office Monthly Income Scheme, you can invest your money for a total of 5 years. Under this scheme you can extend your investment for 5-5 years. At the same time, if you want to close your account before 5 years, then you can do so. If you close your MIS account between one and three years, 2 percent of your total amount will be deducted. Whereas between 3 to 5 years, 1 percent of the total amount will be deducted.

The post Post Office MIS: Senior citizens can get guaranteed returns every month by investing in this scheme, know details first appeared on Rightsofemployees.com.

This scheme is Post Office Monthly Income Scheme (Post Office MIS). Market fluctuations have no effect on your investment in this scheme. In this your money remains completely safe. Investment has to be made only once in MIS account. Its maturity is 5 years.

₹3,083 monthly income on ₹5 lakh deposit

Monthly income is guaranteed in the Post Office MIS Scheme. Single account holders can deposit a maximum of Rs 9 lakh in this scheme. 7.4 percent annual interest is being given on this scheme. It is paid on quarterly basis. According to MIS Calculator, if you deposit Rs 5,00,000 in lump sum, then you will get an income of Rs 3,083 every month. That means, you will get Rs 36,996 from interest annually. If you open a joint account, you can deposit a maximum of Rs 15 lakh in lump sum.

Maturity of Post Office MIS is five years, there can be premature closure in it. However, you can withdraw money only after completion of one year from the date of deposit. According to the rules, if money is withdrawn between one year and three years, then 2 percent of the deposit amount will be deducted and returned. If you withdraw money before maturity after 3 years of account opening, then 1 percent of your deposit will be deducted and returned.

Easy to open account

Any citizen of the country can open Post Office MIS. Account can also be opened in the name of the child. If the child is below 10 years of age, then the account can be opened in his name on behalf of his parents or legal guardian. When the child turns 10 years old, he can get the right to operate the account himself. Let us tell you, for MIS account, you should have a savings account in the post office. You will have to provide Aadhar Card, PAN Card for ID proof.

Keep in mind 5 special things about the scheme

• You can also transfer MIS account from one post office to another.
• On completion of maturity i.e. five years, it can be extended for further 5 years.
• There is facility of nomination in MIS account.
• In MIS, two or three people can open a joint account. The income received from this account is given equally to every member.
• Joint account can be converted into single account at any time. Single account can also be converted into joint account. To make any change in the account, a joint application has to be given by all the account members.

The post Superhit Deposit Scheme: Deposit ₹ 5 lakh in lump sum, you will start getting ₹ 3,083 guaranteed income every month. first appeared on Rightsofemployees.com.

One of these schemes of the post office is the National Saving Monthly Scheme. The most important thing about this scheme is that in this you will get money every month. This scheme can prove to be very good for you in terms of savings. Let us know about every type of information related to this scheme.

What is post office MIS scheme

In the National Savings Scheme (MIS) of the post office, you can open your account even with Rs 1000. Under this scheme of post office office, you can deposit up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. You can also close this account within a year.

However, in that case 2% of the deposited money will be deducted. Any Indian person can open his account in this post office scheme. Under this scheme, if interest is not claimed every month, then no return will be available on it. It can also be withdrawn from any post office through auto credit.

How much is the interest rate in this scheme

In the National Savings Monthly Scheme (MIS) of the Post Office, you will be given interest on completion of one month from the date of opening the account. You will continue to earn every month in this post office scheme.

The lock-in period under the scheme is 5 years. But after the maturity period, it can also be extended for 5-5 years. The government has also increased the interest in this scheme. At present, the interest rate benefit of 7.4 per cent per annum has been given to the depositors in this scheme.

The post Post Office MIS: Interest is given every month in this scheme, know every detail related to it first appeared on Rightsofemployees.com.

For this you have to deposit a fixed amount and you earn every month as interest. The scheme matures in 5 years, after which you get your money back. That is, by investing money once, you can get a fixed amount every month for the next five years.

From April 1, the government has increased its deposit limit to Rs 9 lakh. At the same time, you can deposit up to Rs 15 lakh in a joint account. At present, 7.4 percent interest is being received on this scheme. Let us tell you how much you can earn every month on deposits of 2, 3, 4 and 5 lakhs in Post Office MIS.

On depositing Rs.2 lakh

According to Post Office MIS Calculator, if you deposit 2 lakh rupees in Post Office MIS, then you will get 73,980 as interest in 5 years. If these are divided into 60 months, then the amount received every month will come to the fore. In this way, for depositing Rs 2 lakh, you will get Rs 1,233 every month for 5 years.

On depositing Rs.3 lakh

If we deposit 3 lakh rupees in this post office scheme, then in 5 years we will get a total of 111,000 rupees as interest. According to MIS Calculator, Rs 1,850 can be received as income every month after depositing Rs 3 lakh.

On depositing 4 and 5 lakhs

Similarly, if you deposit Rs 4 lakh in this account, then at the rate of 7.4 per cent, you will get a total of Rs 148,020 as interest. In this way, every month you can get Rs 2,467 as interest from the post office. On depositing Rs 5 lakh, at the rate of 7.4 per cent, a total of Rs 184,980 will be received as interest in 5 years. In this case, you can get 3,083 every month as interest.

The post Post Office MIS: Monthly income scheme! Know how much income will be on deposits of 2, 3, 4 and 5 lakhs first appeared on Rightsofemployees.com.

But before planning for the future, it is necessary to understand the returns of both these schemes, so that the goals set for the coming days can be met.

post office monthly income scheme

First of all, let’s talk about the Monthly Income Scheme (MIS) of the post office. Earning is done every month by investing lump sum money in this scheme. This scheme matures in 5 years. The good thing is that the interest on MIS has increased to 7.1%.

MIS calculator

Lump sum investment: ₹1 lakh
Lock-in period: 5 years
Interest rate (annualised): 7.1%
Monthly income: ₹592
Interest earned in 5 years: ₹35,500

Special features of Monthly Income Scheme

A maximum of ₹ 4.5 lakh can be invested from a single account.
– You can invest a maximum of ₹ 9 lakh from a joint account.
Investment in the scheme can be started with a minimum of ₹ 1000 every month.

Senior Citizen Saving Scheme

Senior Citizen Savings Scheme (SCSS) is designed for Indian citizens above 60 years of age. It is run by the government. The deposit matures after 5 years from the date of opening the account. However, this period can also be extended for another 3 years. But the period can be extended only once. Interest of 8% is available annually on this.

SCSS Calculator

Lump sum investment: ₹1 lakh
Tenure: 5 years
Interest rate (per annum): 8%
Quarterly interest earning: ₹2000
Interest earning in 5 years: ₹40,000

Important things related to SCSS

– Investment in this scheme can be started from ₹ 1000 – You
can invest a maximum of ₹ 15 lakh in the
scheme – You can claim tax deduction of up to Rs 1.5 lakh under section 80C of the IT Act, 1961 in the scheme

The post Post Office MIS vs SCSS: Where will senior citizens get more benefits? Understand the calculation of lump sum investment of ₹ 1 lakh first appeared on Rightsofemployees.com.

Various schemes are run in the post office from ordinary citizens to senior citizens. In such a situation, all the schemes are such that they mature in 5 years. If you want to withdraw money before their maturity, then you may have to bear some loss in the form of penalty.

Post Office Monthly Saving Scheme (Post Office MIS)

In Post Office MIS i.e. Monthly Income Scheme, you have to deposit a lump sum amount for 5 years. Through this, you can get a fixed amount every month for 5 years as income. After 5 years you get your money back. But if you need money before 5 years, then you have to pay penalty.

If you withdraw money between one year to three years, then 2% of the deposit amount will be deducted and returned. On the other hand, if the account is more than three years old but you want to withdraw money before 5 years, then after deducting 1% from the deposited amount, the deposit amount is returned to you.

Recurring Deposit Account

Post office recurring deposit account is also for 5 years. Investors of Recurring Deposit Account get the facility of withdrawal after 3 years. On premature withdrawal, you will get the benefit of the rate of interest as per the savings account only.

Senior Citizens Saving Scheme

In this post office scheme also you have to invest for 5 years. The deposit matures after 5 years from the date of opening the account. But if you have to withdraw money from it before five years, then penalty has to be paid. In this, 1.5% of the deposit amount is deducted for withdrawing money before completion of 2 years and 1% of the deposit amount is deducted as penalty for withdrawing money after 2 years.

PPF scheme (Public Provident Fund)

This scheme is of 15 years, but it has a lock in period of 5 years. But if after 5 years you can withdraw money with certain conditions and close the account. But 1% interest is deducted from the date of account opening till the date of closure.

Kisan Vikas Patra (KVP)

This scheme, which doubles the investment in 124 months, has a lock-in period of 30 months. In this scheme, if you withdraw money before 1 year, then you will not get any interest on it. According to the scheme, the investor will also have to pay a penalty for withdrawing money. Interest will be earned on withdrawing money between 1 year to 2.5 years, but the amount will be reduced. After 2.5 years, if the KVP is broken and the money is withdrawn, then no penalty will be imposed and the return will be given according to the interest rate prevailing at that time.

The post Post Office Scheme Penalty: Do not withdraw money before maturity in these schemes of Post Office, otherwise… first appeared on Rightsofemployees.com.

Various schemes are run in the post office from ordinary citizens to senior citizens. In such a situation, all the schemes are such that they mature in 5 years. If you want to withdraw money before their maturity, then you will have to bear some loss in the form of penalty. Know about these schemes here.

Post Office MIS

In Post Office MIS i.e. Monthly Income Scheme, you have to deposit a lump sum amount for 5 years. Through this, you can get a fixed amount every month for 5 years as income. After 5 years you get your money back. But if you need money before 5 years then you have to pay penalty. If you withdraw money between one year to three years, then 2% of the deposit amount will be deducted and returned. On the other hand, if the account is more than three years old but you want to withdraw money before 5 years, then after deducting 1% from the deposited amount, the deposit amount is returned to you.

Senior Citizen Saving Scheme

In this post office scheme also you have to invest for 5 years. The deposit matures after 5 years from the date of opening the account. But if you have to withdraw money from it before five years, then penalty has to be paid. In this, 1.5% of the deposit amount is deducted for withdrawing money before completion of 2 years and 1% of the deposit amount is deducted as penalty for withdrawing money after 2 years.

Post Office Recurring Deposit Account

The recurring deposit account of the post office is also for 5 years. Investors of Recurring Deposit Account get the facility of withdrawal after 3 years. On premature withdrawal, you will get the benefit of the rate of interest as per the savings account only.

Kisan Vikas Patra

This scheme, which doubles the investment in 124 months, has a lock-in period of 30 months. In this scheme, if you withdraw money before 1 year, then you will not get any interest on it. According to the scheme, the investor will also have to pay a penalty for withdrawing money. Interest will be earned on withdrawing money between 1 year to 2.5 years, but the amount will be reduced. After 2.5 years, if the KVP is broken and the money is withdrawn, then no penalty will be imposed and the return will be given according to the interest rate prevailing at that time.

Public Provident Fund

This scheme is of 15 years, but the lock in period is of 5 years. But if after 5 years you can withdraw money with certain conditions and close the account. But 1% interest is deducted from the date of account opening till the date of closure.

The post Post Office Withdrawal Rules: Big change in the rule of premature withdrawal in these top 5 post office schemes first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office launch new plan: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Super hit Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.

Its special thing is that there is no effect of market fluctuations on investment in this scheme. To get the benefit of this scheme, you have to invest only once in the account. Its maturity is of 5 years. That is, after five years you will start getting guaranteed monthly income.

MIS Calculator: Rs.2475 per year on deposit of 4.5 lakhs

According to the MIS calculator, if a person opens this account by depositing a lump sum of Rs 4.5 lakh, then he will have an income of Rs 29,700 annually for the next five years after maturity. That is, every month you will get 2475 rupees. At present, 6.6 percent annual interest is being received on the MIS of the post office.

Post Office MIS: Account can be opened with Rs.1000

The account can be opened with a minimum investment of Rs 1,000 in the POMIS scheme. This account can be opened both single and jointly. You can deposit a maximum of Rs 4.5 lakh in a single account and up to Rs 9 lakh in a joint account. According to India Post, interest is paid every month in MIS. Any Indian citizen can invest in the Post Office Monthly Income Scheme.

Maturity is five years

The maturity of Post Office MIS is five years, there may be premature closure. However, you can withdraw money only after completion of one year from the date of deposit. Nomination facility is available in MIS account. This scheme money is completely safe.

Things to keep in mind…

If you withdraw money between one year to three years, then 2% of the deposit amount will be refunded.
If you withdraw money at any time before maturity after 3 years of account opening, 1% of your deposit will be refunded after deducting it.
You can also transfer MIS account from one post office to another post office. On maturity i.e. completion of five years, it can be extended for a further 5-5 years.

Which documents will be needed

2 Passport size photograph
Aadhar card for ID proof or passport or voter card or driving license
for address proof, ID card or utility bill issued by the government will be valid.

By taking this document, you will have to go to the post office and fill the form of the Post Office Monthly Income Scheme. You can also download it online. Along with filling the form, the name of the nominee will also have to be given. To open this account, initially 1000 rupees have to be deposited through cash or cheque.

The post Post Office Monthly Income Scheme: Deposit a lump sum of Rs 4.5 lakh, guaranteed income of Rs 29700 first appeared on Rightsofemployees.com.

Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about his school fees. Let us know all the details related to this scheme.

Where and how to open account?

You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent.
– If the child’s age is more than 10 years, then you can open this account (MIS Benefits) in his name
.
The maturity of this scheme is 5 years, after that it can be closed.

Know the calculation

If your child is 10 years old and you deposit Rs 2 lakh in his name, then every month your interest will become Rs 1100 at the current rate of 6.6 per cent.
In five years, this interest will become a total of 66 thousand rupees and in the last you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
In this way, you will get 1100 rupees for a small child, which you can use for his education.
This amount can become a good help for the parent.
Similarly, if you deposit Rs 4.5 lakh, then you will get about Rs 2500 every month.

The post Post Office MIS: Dhansu Scheme of Post Office! Open account of children above 10 years, will get 2500 rupees every month first appeared on Rightsofemployees.com.