Post office MIS Yojana 2024
Before the national banks started by the Government of India, money was deposited in post offices. Post office is a reliable place to deposit money. The elders of the past understand this very easily. Because earlier there were no banks facilities. That is why the post office was the only medium through which one could deposit money and receive interest.
Today in this article we are going to tell you about the Monthly Income Scheme (Post Office MIS Yojana) related to Post Office Bank. Actually, Post Office Monthly Income Scheme is a very effective and beneficial scheme. Through this you will get monthly interest at best rates.
Overview
Name of the scheme | |
Who started it | Government of India |
beneficiary | Any citizen of India |
Objective | To get monthly interest at best rates. |
Year | 2024 |
Post Office MIS Yojana 2024: About Yojana
First of all, we are going to tell you about the Post Office Monthly Income Scheme. Any citizen of India can avail the benefit of this scheme as per the criteria and eligibility. Hence primarily Post-Office Monthly Income Scheme is a low-risk scheme. Through this, individual and joint account holders can deposit money and get interest at the rate of 7.40 percent. This 7.40% interest rate is compounded annually but is payable monthly as per the plan. Post Office Monthly Income Scheme is a tax scheme which is absolutely safe.
Along with this, this scheme is also reliable, due to which people’s attention is attracted towards it. Along with this, interest amount is payable monthly through this scheme. If you are attracted by the benefits of this plan and also do not want to take the risk. Then you are the perfect person to invest in Post Office Monthly Income Scheme.
Eligibility
only citizens of India will get the benefit of Post Office Monthly Income Scheme.
The benefit of this scheme will not be given to any foreign person.
Any adult person can avail the benefit of this scheme.
Along with this, if you want to give the benefit of this scheme to a minor person, then you can start this scheme in return. When the minor person turns 18 years old, he will be able to avail the benefits of the scheme.
After this, whenever the minor person wants to open the account in his own name after attaining adulthood, he has to complete the application process for the same.
Post Office MIS Yojana 2024: Benefits
Through this scheme, you can deposit money both individually and jointly.
Through this scheme, rupees are invested for 5 years. After this time limit, your rupee matures, after which you can invest again.
The money deposited in this scheme is safe, because this scheme belongs to the government.
The money deposited through this scheme is absolutely safe, as this money is not subjected to risks in the market.
You can start this scheme with an investment of Rs1,000.
Through this scheme you will earn income through interest every month. Along with this, you can also transfer this earned income to your savings account.
You will get the first payment after investing the money at the end of the month.
Under this scheme, you can open more than one account in your name in the post office.
In this scheme, the name of any person in the investment family can be nominated, due to which the benefit of this scheme will be given to the person nominated after the investor.
Even after the expiry of the period of 5 years related to this scheme, if you want to avail the benefits of this scheme again. So, you can start this scheme again for 5 years.
Post Office MIS Yojana 2024: How to Apply
For this scheme, first of all you should have a savings account in the post office, if not then open it.
After this, get the Post Office Monthly Income Scheme form from the post office.
The investor has to fill all the information in this form.
After this, income certificate, residence certificate and all other important documents have to be attached to this form.
Apart from this, the investor has to put his signature along with the photograph.
After completion of this process, submit the form to the officer.
After this, you will start getting the benefits of Post Office Monthly Income Scheme.
FAQ
- How much interest will government give under Post office MIS Yojana 2024?
Under this scheme Government will give 7.40 percent interest Rate
- What is the main objective Post office MIS Yojana 2024?
To get monthly interest at best rates.
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