Post Office Monthly Income Scheme (MIS) Calculator 2023 and Benefits [Hindi] | Rs. 1 Lakh to 15 Lakh Deposits Examples
In this video by FinCalC TV we will see Post Office Monthly Income Scheme (MIS) interest calculation using MIS calculator 2023 in hindi. We will also see Post Office Monthly Income Scheme (MIS) features and benefits in this MIS scheme account.

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CHAPTERS:
00:00 Post Office MIS Calculator Intro
00:13 Post Office Monthly Income Scheme Features
00:31 Post Office MIS Interest Rate
00:37 Benefits of Post Office MIS
01:24 Pre mature Withdrawal in PO MIS
02:14 Monthly Income Scheme Interest Calculation
04:36 Monthly Income on Rs. 1 lakh to 15 lakh Deposits
00:00 Post Office Monthly Income Scheme Conclusion

WHAT IS POST OFFICE MONTHLY INCOME SCHEME (MIS)?
Post Office Monthly Income Scheme or Post Office MIS is a fixed income scheme that gives regular payout every month on your deposits
This is a Post office scheme for those looking for decent returns on their lump sum investment
The tenure for Post Office MIS Scheme is 5 years, which means your money will be locked in for 5 years.
You can deposit minimum of Rs. 1000 and maximum of Rs. 9 Lakh in Single account and Rs. 15 Lakh in joint account of this scheme
The current interest rate in Post Office Monthly Income Scheme is 7.4% for April 2023 to June 2023 quarter
This interest rate is reviewed by government of India every quarter
The interest on which you open Post Office Monthly Income Scheme will be fixed throughout 5 years of your tenure

POST OFFICE MONTHLY INCOME SCHEME (MIS) INTEREST RATE
The interest rate you will get in Post Office Monthly Income Scheme is 7.4% for April 2023 to June 2023 quarter
It is important to note that this interest rate will be reviewed every quarter by government of India

ELIGIBILITY TO OPEN POST OFFICE MONTHLY INCOME SCHEME (MIS)
You can open the Post Office Monthly Income Scheme if:
You are an adult
Open joint account (up to 3 adults)
A guardian on behalf of minor
A minor of age above 10 years on his / her own name

If any of the above conditions are satisfied, you are eligible to open Post Office Monthly Income Scheme Account.

DEPOSIT LIMITS IN POST OFFICE MIS SCHEME
While opening the Post Office MIS Scheme, minimum deposit is Rs. 1000.
Maximum deposit you can make is Rs. 9 Lakh for single account and Rs. 15 lakh for joint account
The interest earned will be equally distributed in case of joint accounts
The deposits made above Rs. 1000 should be in multiple of Rs. 1000

INTEREST CALCULATION IN POST OFFICE MONTHLY INCOME SCHEME?
You can easily calculate the monthly income you can earn in Post Office Monthly Income Scheme using above calculator.
The monthly interest will be paid to you on completion of month after opening the account and will continue every month thereafter
If the interest earned is not claimed, no additional interest will be earned in this case
If excess amount is deposited, the additional amount will be refunded back and will only earn interest based on Post Office Savings Account Interest rate
Interest can be drawn via auto credit feature in your Post Office savings account

#postoffice #monthlyincomescheme #postofficemis #fincalc

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Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.