Post Office MIS Scheme: If you also want to earn a safe and sure profit, then the post office scheme is best for you. Post office MIS is such a savings scheme in which you will be able to make a one-time investment and take advantage of it every month in the form of interest. There are many advantages of this account (Post Office Saving Scheme).
Let us tell you that it can also be opened in the name of children above 10 years of age. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, then you will not even have to worry about their school fees. Let us know the complete information related to this scheme.
Where and how to open an account?
You can open this account (Post Office Monthly Income Scheme Benefits) in any post office.
Under this, a minimum of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6 percent. If the age of the child is more than 10 years, then you can open this account (MIS Benefits) in his name. The maturity of this scheme is 5 years, after which it can be closed.
Know the count
- If your child is 10 years old and you deposit Rs 2 lakh in his name, then at the current rate of 6.6 percent, your interest per month will be Rs 1,100.
- In five years, this interest will be a total of 66 thousand rupees and in the last, you will also get a return of 2 lakh rupees (Post Office Monthly Income Scheme In Hindi).
- In this way, you will get 1100 rupees for a small child, which you can invest in his studies. This amount can become a good help for parents.
- Similarly, if you deposit Rs 4.5 lakh, you will get around Rs 2500 per month.