Post Office MIS: Like the bank, the post office also runs many schemes. One of these is the Post Office Monthly Income Scheme. Through this scheme, you can arrange regular income for yourself.
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.
