New Delhi: MIS scheme of the post office: all parents want to ensure the future of their child. To do this, they begin to prepare from the outset so that the child’s future is assured. As parents insure the child’s name, but often these insurance companies run away with money. Other than that, you start investing in some plan, but you don’t get as much return as you want. So today we tell you about a post office scheme where you have to invest once and in return you will get good returns. For example, if your child is 10 years old or older, you can open a MIS account at the post office in their name. With this, the children will start receiving Rs 2500 every month. That is, you get huge benefits from this account.
Let yourself be told that money is completely safe in this. In this, the ups and downs of the market do not affect investment or profitability. The MIS account maturity is 5 years. Any Indian citizen can invest in the Post Office’s monthly income plan.
How to open an account in this scheme:
With the necessary documentation, you can go to the post office and open the account by filling out the Monthly Income Scheme form. You can also download the form online if you wish.
In the monthly income scheme, an account with an investment of 1,000 rupees can be opened.
In the post office’s monthly income plan, a maximum of Rs 4.5 lakh can be invested in a single account. At the same time, if a joint account is opened, a maximum investment of Rs 9 lakh will have to be made.
Interest on MIS is paid monthly. The interest rate on this scheme is currently 6.6% per annum.
If your child’s age is 10 or older, the account can be opened in the child’s name. On the other hand, if the child’s age is less than 10 years, parents can open this account.
The maturity is 5 years, but there is also the option of premature closing. You can only withdraw money after the end of one year from the start date of the plan.
According to the rules, if the money is withdrawn between one and three years, 2% of the deposit amount will be refunded. On the other hand, if you withdraw money before maturity after 3 years of opening the account, 1% of your deposit will be refunded after deducting it.
Will you receive so much money each month?
In this scheme, a maximum of Rs 4.5 lakh can be invested in a single account. Consequently, he will receive interest of Rs 29,700 per annum. That is, each month the interest will be 2475 rupees. That way you can earn about 2500 rupees every month.