MIS Scheme of Post Office Increase your monthly income by Rs 5,000, like this : According to the information in the Post Office Monthly Income Scheme, if an employed person has opened a joint account with a spouse, the monthly income is doubled. A serving person (official or businessman) is always looking for a regular income in addition to the traditional source of income. Post Office MIS Scheme is one such system. According to the information in the Post Office MIS Scheme (POMIS), if a serving person has opened a joint account with a spouse, the monthly income under the Post Office Scheme is also doubled.
MIS Scheme of Post Office
According to tax and investment experts, the Post Office Monthly Income Scheme is suitable for investors who want a fixed monthly income (POMIS) but are not willing to take any risk in their investments. Thus, it is more suitable for pensioners or pensioners who have ended up in the zone where you do not pay more. However, this does not mean that the Post Office MIS Scheme is limited to retirees or retirees only.
Speaking about the Post Office MIS Scheme, SEBI Registered Tax and Investment Expert Jitendra Solanki said, “The Post Office MIS Scheme is suitable for investors who want to maintain their lifestyle. Want a lump sum investment with the goal of getting regular income. Investors can invest up to Rs 4 , 5 lakh in the Post Office MIS Scheme (POMIS) but the maximum investment limit is doubled to Rs 9 lakh in case of joint account with spouse.
Post office MIS planning calculator
While discussing the expected return under the Post Office MIS Scheme, Manikaran Singhal said: “The interest rate for the Post Office MIS Scheme is currently 6.6 percent, which means that if he is eligible for the Post Office MIS If he invests 4.5 lakh Rs in system (POMIS), he can receive an annual interest of Rs 29,700. But with a joint account, the net investment can be doubled to Rs 9 lakh and thus the annual return will increase to Rs 59,400. If we divide this net amount by 12 months, one would receive a monthly income of 4,950 Rs.
Singhal further said that if the Post Office MIS Scheme investor does not want to charge his annual interest rate, he can continue with the interest rate and can benefit from the compound benefit that arises from the interest rate. , which means that Rs 59,400 will attract 6.6 percent interest. Add Rs 3,920.40, ie after two years’ investment of Rs 9 lakh, the net amount available in the Post Office MIS Scheme will be Rs (9,00,000 + 59,400 + 3920.40), ie Rs 9,63,320.40.
Features of the post office’s monthly income system
According to the MIS Scheme (Post Office Monthly Income Scheme), the invested capital remains intact and there is no risk associated with no return. The Post Office MIS Scheme entitles the investor to a certain amount of monthly returns. The return is comparatively higher compared with fixed deposits in savings accounts and post offices. The Post Office Monthly Income Scheme (POMIS), commonly known as POMIS, is a secure and risk-free investment system. POMIS is not a very popular system in cities due to the declining popularity of post offices.
In addition, the Post Office Public Provident Fund and the Post Office NSC offer slightly higher returns and tax benefits. Therefore, POMIS (Post Office Monthly Income Scheme) is a less preferred option among investors. The majority of the demographic is not really aware of the huge benefits of leftovers. So today we will discuss about POMIS and its related details.
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