What is interest rate of MIS in post office?
Table of Contents
What is interest rate of MIS in post office?
6.60 per cent per annum
1] Interest rate: As this post office small saving scheme is a lock-in product, its interest rate will remain fixed as per the rate of return at the time of investment. For example, Post Office Monthly Income Scheme interest rate is currently at 6.60 per cent per annum.
What is the interest rate of MIS in Post Office 2020?
6.60\%
POMIS Revised Interest Rate
| Scheme | MIS Interest Rate | Maturity |
|---|---|---|
| W.E.F. April 1, 2020 | ||
| Monthly Income Scheme (MIS) | 6.60\% | 5 years |
Which is better MIS or FD?
The cash flow earnings from an MIS can vary over time as the earnings vary with market fluctuations. So, if you are looking to get surety in terms of interest, an FD is right for you. If you are open to ups and downs in the money you make, choose an MIS.
What is interest on MIS?
The Post Office Monthly Income Scheme (MIS) is a type of term deposit account offered by India Post. The MIS scheme pays interest each month and is suited for those who seek regular or supplementary income from their investments.
Who can invest in MIS?
An adult —alone or jointly, a guardian (on behalf of a minor) or a minor above 10 years of age can open an MIS account in their names. MIS account is not available to non-individuals. The MIS account can be opened with as little as Rs 1,000 and in multiples of Rs 100 thereafter.
What is mis deposit?
What is the interest on the post office mis?
Both are 5 years products, Post Office MIS pays monthly Interest (@7.5\%) and Recurring deposit Accepts monthly deposit (@7.1\%). Please remember the rates mentioned are the current rates on the date of writing this post, and the rates get reviewed and may get revised every financial quarter.
What are post office interest rates?
Post Office Savings Account – 4\%
What is post office services?
A post office is a customer service facility forming part of a national postal system. Post offices offer mail-related services such as acceptance of letters and parcels; provision of post office boxes; and sale of postage stamps, packaging, and stationery.