Post Office Scheme: You can earn Rs 3,083 every month from this scheme of Post Office, people are opening accounts..


Post Office Small Savings Schemes are great for guaranteed earnings from small savings. Among these, there is a superhit scheme in which once the money is deposited, there is guaranteed income every month. This scheme is the Post Office Monthly Income Scheme (POMIS). Single and joint accounts can be opened in Post Office MIS. Investment has to be made only once in the MIS account. Its maturity is for the next 5 years from the opening of the account. This scheme is offering 7.4 percent annual interest from October 1, 2023.


POMIS: How is monthly income determined?
In this scheme of post office, you can deposit up to Rs 9 lakh in a single account and Rs 15 lakh in a joint account. If you wish, your total principal amount will be returned after the maturity period of 5 years. At the same time, it can be extended for a further 5-5 years. After every 5 years, there will be an option to withdraw the principal amount or extend the scheme. The interest received on the account is paid every month to your post office savings account.

How much income on deposit of Rs 5 lakh
Monthly income is guaranteed in this scheme of the post office. If you have deposited Rs 5 lakh. The annual interest on this is 7.4 percent. In this way, there will be an income of Rs 3,083 every month. In this way, the income in 12 months will be Rs 36,996.

According to the rules, two or three people can open a joint account in MIS. The income received from this account is given equally to every member. A joint account can be converted into a single account at any time. A single account can also be converted into a joint account. To make any change in the account, a joint application has to be given by all the account members.


The maturity of MIS is five years. This account closes after 5 years from the date of account opening. Premature closure may occur in this. However, you can withdraw money only after completion of one year from the date of deposit. If you withdraw money between one year and three years, then 2% of the deposit amount will be deducted and returned. If you withdraw money before maturity after 3 years of account opening, then 1% of your deposit will be deducted and returned.
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