Monthly Interest Scheme

Recurring Deposit

Monthly Interest Scheme Is One Such Scheme Where You Invest A Certain Amount And Earn A Fixed Interest Every Month.

Monthly Income Scheme (MIS) Is An Investment Scheme That Promises The Investor Guaranteed Returns At An Interest Rate Of 7.9% Per Annum. These Returns Can Be Availed As Fixed Monthly Income. ... It Promises The Investor Guaranteed Returns At 8.5% Per Annum In The Form Of Fixed Monthly Income.

Features & Benefits:-

1. Capital Protection: Your Money Is Safe Until Maturity As This Is A Government-Backed Scheme.
2. Tenure: The Lock-In Period For Post Office MIS Is 5 Years. You Can Withdraw The Invested Amount When The Scheme Matures Or Reinvest It.
3. Low-Risk Investment: As A Fixed Income Scheme, The Money You Invested Is Not Subject To Market Risks And Is Quite Safe.
4. Affordable Deposit Amount: You Can Start With A Nominal Initial Investment Of Rs.1,000. As Per Your Affordability, You Can Invest In Multiples Of This Amount.
5. Guaranteed Returns: You Earn Income In The Form Of Interest Every Month. The Returns Are Not Inflation-Beating But Are Higher Compared To Other Fixed-Income Investments Like FD.
6. Tax-Efficiency: Your Investment Is Not Covered Under Section 80C; TDS Is Not Applicable Either.
7. Payout: You Will Receive The Payout After One Month From Making The First Investment, And Not The Beginning Of Every Month.