Post office in India is providing not only postal services but also many banking services. In some post office schemes, you get more interest than banks. Here we are going to tell you about one such scheme, in which you can earn a good amount of money every month by investing. Know about this scheme-    

MIS scheme is getting 7.4% annual interest -

Post Office's MIS i.e. Monthly Income Scheme is a scheme in which one time investment earns interest every month. In this scheme you can open an account with a minimum of Rs 1000. A maximum of Rs 9 lakh can be deposited in the MIS scheme and this limit can be up to Rs 15 lakh in the joint account. This scheme is currently earning an annual interest of 7.4%, which is credited to your account every month.

Fixed interest of Rs 5550 every month - If you deposit Rs 9 lakh in this scheme, you will get fixed and guaranteed interest of Rs 5550 every month. You will get this interest for 5 years. After 5 years, the entire Rs 9 lakh deposited by you will come back to your account and apart from this, you will also get a total interest of Rs 3,33,000 in 5 years.

Account Opening Process -

To open an account under this scheme, you must also have a post office savings account. Note that this scheme comes with a lock-in period of 5 years, but you can withdraw your money by closing the account under certain circumstances.

PC:Punjab Kesari