Post Office MIS Account: (*90*) you are apprehensive about the future of your children, then you do not need to fear as a result of the Indian Post Office has come up with a new scheme for all of you, which is named Post Office Monthly Income Scheme. This scheme is very useful for all those prospects who need more revenue with much less danger. MIS is a scheme in which you will be in a position to get curiosity every month by investing cash in one go. Many folks make investments in the put up workplace as a result of it offers more p.c curiosity than the financial institution. Let’s know other data associated to the scheme
(*10*)What is Post Office MIS
Let us inform you that there are many advantages of Post Office Monthly Income Scheme account. Customers can open a month-to-month income scheme account for their children above the age of 10 years. (*90*) you open the account of your children, then you will get curiosity every month so that you can also pay the charges of your children.
(*5*)Will need these documents
To get the profit of the Post Office MIS Account Scheme, the applicant has to provide his Aadhar card for ID proof. Along with this, 2 passport measurement photographs will also have to be given and for handle proof, you can also give government issued ID card or any utility invoice like: water, electrical energy and so on.
Know how and where the account will be opened
- Citizens can open MIS account by visiting any put up workplace.
- You can deposit Rs 1000 to Rs 4.5 lakh in your account.
- The buyer will get 6.6% curiosity upon opening the account.
- Any youngster who is above 10 years of age can open an account. And if the age of a youngster is much less than 10, then the account of the youngster can be opened by his mother and father.
- The maturity of the Post Office Monthly Income Scheme is for 5 years. After which it is turned off.
will calculate like this
(*90*) the youngster of a citizen is 10 years of age and Rs 2 lakh is deposited in his identify by his mother and father, then in such a scenario he will have to pay every month at the price of 6.6% curiosity 1100 will get curiosity i.e. in 5 years This curiosity will become Rs 66 thousand. On completion of maturity date, along with 2 lakh, curiosity of Rs 66 thousand will also be given to the citizen.
Also if you Rs 3.5 lakh (*90*) you submit the identify of the youngster, then they Monthly curiosity will be Rs 1925 And if you deposit up to Rs 4.5 lakh then you will get 2475 will be given curiosity, This will also save in a means for your youngster, which will also be helpful for your youngster’s additional research. A particular characteristic of the month-to-month account scheme is that single or three adults can open an account collectively. This put up workplace scheme is very useful.
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