This video is about Post Office Monthly Income Scheme (MIS), which is perfect for those who want to convert their savings into a safe and reliable investment. In MIS, you have to invest only once and after this you keep getting fixed and guaranteed income every month for 5 years. At present, this scheme offers 7.4% annual interest, which is more than the FD of many banks. In this scheme, you can invest from ₹ 1,000 to ₹ 9 lakh (single account), whereas in joint account, investment facility is available up to ₹ 15 lakh. For example, if you deposit ₹9 lakh, you start getting a fixed income of around ₹5,550 every month. After completion of five years, your entire Principal Amount is returned and if you wish, you can also renew it again. The most important thing is that MIS is a 100% government guaranteed scheme, in which there is neither any market risk nor any fluctuation. This is a great option especially for retired persons, housewives and low-risk investors. The documents required for this, the account opening process and all its advantages and benefits have been explained in detail in the video. If you want steady income every month, then this plan is made only for you. Don’t forget to Like, Share and Subscribe the video!
