Post Office Schemes: Invest in Post Office scheme with your wife, you will get fixed interest of ₹9000 every month

Under SIS, you have to make a lump sum investment, on which interest is paid every month directly into your savings account.

Post Office Schemes: The Reserve Bank of India has cut the repo rate by 1.00 percent this year. This cut has been done 3 times. RBI first reduced the repo rate by 0.25 percent in February, 0.25 in April and then directly by 0.50 percent in June. After the RBI reduced the repo rate, all banks also reduced the interest on savings accounts. However, the post office has not yet cut the interest rates of any of its savings accounts. Today we will tell you about a scheme of the post office, in which if you invest together with your wife, you will get a fixed interest of Rs 9000 every month.

Post office MIS scheme matures in 5 years

The post office gives its customers the option of investing money in many types of schemes. Post office MIS i.e. Monthly Income Scheme is also one of these. Under SIS, you have to make a lump sum investment, on which interest is paid every month directly into your savings account. The Post Office MIS scheme matures in 5 years, after which the entire amount of your investment is sent back to your account. Under this scheme, a maximum of Rs 9 lakh can be deposited in a single account and a maximum of Rs 15 lakh in a joint account.

Monthly Income Scheme is getting 7.4 percent annual interest

Monthly Income Scheme is currently getting 7.4 percent annual interest. In this scheme, your money is completely safe and you get fixed interest every month with guarantee. As we told you that under this scheme, you can deposit money in a joint account for a maximum of 15 years. If you deposit Rs 14,60,000 in a joint account with your wife in this scheme, then you will get a fixed interest of Rs 9003 every month, which will come directly to your post office savings account.

Disclaimer: This article is written for information purposes only. Before making any kind of investment or taking financial risk, consult your financial advisor. Informalnewz will not be liable for any kind of risk.

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