Advertisement

Breaking News

Post Office Ni New Skim 2020

Anyone who earns from a salary or a business always wants to have a fixed income.  India Post's Monthly Income Scheme (MIS) is also a scheme through which people will get a fixed monthly income every month

New Delhi: Anyone who earns from salary or business always wants to have a fixed income.  India Post's Monthly Income Scheme (MIS) is also a scheme through which people will get a fixed monthly income every month.

 Such people can get double benefit
 According to the scheme, if a person opens a joint account with his spouse in this scheme, then he will get double benefit.  According to tax and investment advisors, the scheme is for investors who want to earn a fixed income on their investment every month without any risk.


 Suitable for her
 This scheme is most suitable for a retired person or a senior citizen who has no means of income left.  But that doesn't mean no one else can invest in it.  Jitendra Solanki, an investment adviser registered with SEBI, said, "MIS is suitable for investors who want a fixed income every time they invest once.  A person can invest a maximum of Rs 4.5 lakh in it, but if he opens a joint account, he can invest Rs 9 lakh.
Post Office MIS Calculator
 The scheme is currently earning interest at 6.6 per cent.  According to this, a person will earn Rs 29,700 with an annual interest of Rs 4.5 lakh.  On the other hand, by depositing Rs 9 lakh in a joint account, the annual income from interest alone will be Rs 59,400.  Accordingly, this monthly income will be Rs 4,950.
Important link

 On the other hand, if no one pays this interest, then compounding at Rs 59,400 at 6.6 per cent interest will get an additional interest of Rs 3,920.40 in two years.  According to this, his income at Rs 9 lakh in two years (Rs 9,00,000 + Rs 59,400 + Rs 3920.40) i.e. Rs 9,63,320.40.

No comments