Dank Ghar Ka MIS Scheme: The MIS scheme run by the post office is a very good scheme, under which every month you will be given some interest money from your deposit amount for expenses like monthly income.
MIS i.e. monthly income scheme Through this scheme you are being given a good option to invest money from the government.
By investing money in this scheme, your money will be increased at an interest rate of 8.50% on an investment of one lakh.
If you also want to know what is the post office MIS scheme (What is MIS Scheme in Post Office), then stay with us till the end of this article and we will share with you all the necessary information related to this subject.
|Name of Yojana||MIS Scheme in Post Office|
|Department||Indian Post Office|
|Investment Limit||Rs. 4.5 Lakhs|
What is the interest rate of MIS scheme? , What is the interest rate of MIS in post office
If we talk about the interest rate of MIS scheme, then let us tell you that under this scheme, 7.1% interest is given annually by the government.
The interest rate fixed by the government keeps changing every quarter, so if we talk about the interest rate for the year 2023 from January to April, it is currently running at 7.1%.
During this program, the government changes its interest rate on every quarter so that it can be more convenient and profitable for the people to invest.
What is the maximum investment you can make in MIS scheme? | What is highest deposit in post office MIS
Any person can invest up to a maximum of 4.5 lakhs in the MIS scheme operated by the post office.
In this scheme, which is being run by download, any employed person can invest a maximum of 4.5 lakhs only, but if you want, you can also deposit less amount in your account.
Under this scheme, you will have to invest your money for 5 years and after 5 years, you will be increased your money at an interest rate of 7.1%.
This scheme can be availed mainly by middle class families as the interest rate of 7.1% is very good interest rate for a middle class family in which you can invest your money easily and reliably.
Is MIS scheme a good option to invest money? | Is the post office MIS good
MIS post office scheme is considered as a very good development to invest money in various regions of India as it is very good scheme for middle class family.
Under the Monthly Income Scheme, the government gives you interest payment every month, so that you can invest your money and get its interest rate.
In this program, the interest rate is revised every quarter by the government, such as at present the interest rate from January to April, 2023 has been kept at 7.1%.
In this scheme, any person can open his account with an amount of ₹ 1000 and maximum any person can invest up to 4.5 lakh rupees.
Eligibility for MIS Scheme | Who are eligible for MIS in Post office
If you also want to invest your money in the post office scheme MIS scheme started by the government, then for this the information about the main eligible forms is necessary.
It is mandatory for the applicant to be an Indian resident.
Applicants can be both male and female.
The application has to deposit a minimum amount of ₹ 1 thousand rupees or a maximum amount of ₹ 15 lakhs.
Applicant must have Aadhaar card.
After 10 years any person can open his account in post office.
Can I withdraw money from MIS in Post office?
If you invest your money in the MIS scheme of the post office and want to withdraw it before the completion of the maturity period, then there is also a rule for this. The maturity period in this scheme is 5 years, but now you can withdraw your money even after one year.
However, if you want to withdraw your money only after one year, then after deducting 2% of your money, the post office will return the remaining money back to you. In any case, it is impossible to withdraw the money invested in this post office scheme before the completion of 1 year.
Apart from this, if the account holder dies, then all the money in this post office account will be given to the person whose name has been taken in the nomination. The scheme being run by the government is a very good and safe scheme for the middle class people and they can invest their money in it.
What is maturity period in MIS scheme / What is maturity period in MIS in Post office
If you also belong to a middle-class family and are looking for a good option to invest your money, then you must think once for the MIS scheme sponsored by the post office.
Under this scheme, you can invest your money continuously for 5 years and can also spend it by getting some interest rate every month.
Not only this, once you invest money for 5 years and maturity period is completed, after that you can invest the same money again for 5 years.
In this scheme, when you invest your money for 5 years, you are given an interest rate of 7.1%, which is a very good interest rate for a middle-class family.
Which is better MIS or FD (fixed deposits)
If you are unclear about both MIS and FD to invest your money and this is now becoming a matter of concern for you, then we tell you which scheme you should choose.
If you have a huge amount of money which you are not going to use for a long time, then of course you should move ahead in the field of FD. By making a fixed deposit of your money in the bank, you can invest it safely and reliably.
On the other hand, if you are a retiree and you have a huge amount of money that you want to invest for some time, then you must think about MIS. That is, towards which scheme you have to take your step or depends on your work, age and amount of money.