Post Office is giving a chance to get 60 thousand rupees, open this account with 1000 rupees

If you are looking for some investment option in which income is guaranteed every month, then Post Office Monthly Income Scheme Account (POMIS) can be a better plan. Married people get double profit in this scheme. There is a facility to open a single and joint account. Single investors get a guaranteed income of at least Rs 2475 or Rs 29,700 a year every month, while double the profit in a joint account.

If you open a single account in a POMIS account, then a lump sum of Rs 4.5 lakh is to be deposited. At the same time, you can deposit a maximum of 9 lakh rupees through a joint account. In this, the amount that is made in the whole year according to the interest of 6.6 per cent, is distributed in 12 months. Every month's amount is your monthly income. The maturity of the scheme is 5 years, but it can be extended for 5-5 years under further reinvestment.

How to open MIS account

You can open your MIS account by going to the nearest post office. While filling the form of POMIS, you will need identity card, residential proof, 2 passport size photographs. While filling the form, you will also need a witness. To open an account with the form, submit cash or check for the fixed amount.

How much interest is received

>> Post Office Monthly Income Scheme (POMIS) yields 6.6 percent interest annually.

>> Interest will be payable on completion of one month from the date of opening and till maturity.

>> If interest is not claimed every month by the account holder, then no additional interest will be earned from such interest.

>> In case of any additional deposit made by the depositor, the additional deposit will be refunded and only PO savings account interest will be applicable from the date of account opening to the date of withdrawal.

Interest can be withdrawn through auto credit or ECS in a savings account in the same post office.

>> The interest received by the depositor is taxable.

Pre-Maturity Account Closure Rules

>> No deposit can be withdrawn before the expiry of 1 year from the date of deposit.

>> If the account is closed before 1 year of opening the account and before 3 years, then equal to 2% of the principal will be deducted and the balance will be paid.

>> If after 3 years from the date of account opening and before 5 years the account is closed, then equal to 1% of the principal will be deducted and the balance will be paid.

>> The account can be closed ahead of time by submitting the prescribed application form along with the pass book to the concerned post office.

Will get around 60 thousand rupees every year

Through a single account, you can deposit at least Rs 4.5 lakh in the post office monthly income scheme. According to the 6.6 per cent annual interest rate, the total interest on this amount will be Rs 29,700. According to the interest rate, the total interest on this amount will be Rs 29,700. At the same time, a maximum of Rs 9 lakh can be deposited in this scheme through a joint account. According to the interest rate, the total interest on this amount will be Rs 59,400.