Monthly Income Scheme (MIS):Post Office

Safe & sure way to get a regular monthly income.

Specially suited for retired employees/ Senior Citizens or any one with high sum for investment .

Rate of interest 8%.

Maturity Period - Six Years.

Post maturity Interest at the rate applicable from time to time (at present 3.5%)

Auto credit facility to SB Account.

Type of Account

Minimum limit

Maximum limit

Single

Rs. 1500/-

Rs. 4.5 lakhs

Joint

Rs. 1500/-

Rs. 9 lakhs

Deposit in Monthly Income Scheme and invest interest in Recurring Deposit to get 10.5% (approx) interest.

Above scheme operates automatically, if you open a saving bank account and give a request for automatic transfer of Monthly Income Scheme interest to Recurring Deposit through Saving Bank account.

DOWNLOAD INSURANCE ACTS AND REGULATIONS

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