Post office scheme News
While the government has maintained the rate at 6.6 percent, it is higher than several bank fixed deposit rates. The Post Office Monthly Income Scheme assures investors fixed returns at the rate at which their money was initially invested. The Post Office MIS account can be terminated after five years from the date of opening.
The Post Office Monthly Income Scheme also assures fixed returns to investors at the initial rate of investment. By submitting the necessary documents, an account under this scheme can be opened at the nearest post office. Interested investors who want to open an MIS account should keep in mind that the minimum amount required to open the account is Rs 1,000.