The Post Office MIS scheme presently offering an annual interest rate of 6.6 percent on investments. Investors can also create a joint account in the program to take advantage of the scheme.
The Post Office Monthly Income Scheme Account scheme allows three investors to create a joint account. The scheme allows investors to invest in multiples of Rs 100 or Rs 1000. However, a minimum investment of Rs 1000 is required, with a maximum investment of Rs 9 lakh allowed under the scheme. How to get a Rs 3300 pension by investing just Rs 50 thousand?
You can receive a yearly Rs 3300 pension in the scheme by investing just Rs 50,000 in the Post Office Monthly Income Scheme Account scheme. For the total period of five years, investors receive a total of Rs 16500 as interest before maturity. However, you can invest more money in the scheme to receive more pensions. For instance, if you invest Rs 1 lakh in the MIS scheme, then you'll get Rs 6600 yearly pension or Rs 550 every month. Also Read: TikTok bans viral 'milk crate challenge' over safety concerns
Likewise, you can invest Rs 4.5 lakhs in this scheme to get a monthly pension of Rs 2475 monthly or Rs 29700 annually or Rs 148500 as interest with the MIS scheme