Post Office Monthly Income Scheme (MIS) Calculator & Benefits | ₹1 Lakh to 15 Lakh Deposits

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.

Post Office Monthly Income Scheme (MIS) Calculator:

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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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DISCLAIMER:
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.

[fincalc]

Post Office Monthly Income Scheme (MIS) video kaisa laga? Comment karo 👇👇

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[mrsam]

Sir..If me and my mother do a joint MIS of 1 lac..will taxation be calculated @ 50k for each of us or 1 lac in the name of the first holder of the MIS A/c ?

[AnkurSaha-nben]

Respected sir, ppf may monthly 1000 rupees submit karne say after 34 years kitni paisa mil sakta hay?

[ReenaKumari-ctbz]

Sir 5 year tk interst rate vhi rhega jo start krte hn scheme tb tha
Ya phir change hota rhega

[jagdishraval]

Sir, i have invested in Post MIS Rs. 450000 in Sep 2020. I am getting Rs 2475 interest rate. Is it realy 7.4 interest rate. Needs to understand its calculation

[kkpmath]

rs jama karne ke bad next month se interest milega seniors citizens me

[SureshBabu-iumm]

Please can you confirm how much income tax for 15lacks deposit in Post office

[manjuarya-ifgg]

Plz btaye ki ye pesa hum har month le sakte h kya....jo byaj aayega jo

[pratimamitra-lset]

3 person in joint account post office maximum deposit limit pls??

[ankupandey]

Maine 9 L jmaa kiya but mujhe 4950 mil rha .. kya reason h

[sumanp]

Dear sir
Recently I happened to watch your video on PPF . I learnt a lot from the video.Thank you for the same.I calculated my PPF interest for three financial years years(2015, 2016, 2017) but for the year 2018 -2019 onwardsthe calculations are not correct.There is a lot of difference between my interest rate and the interest calculated by the bank people.Why is it so?Can you explain?

[sanjaykaswalia]

Hello sir...mane 4.5 lac deposit kiya hai but mujhe 2512 monthly income mil rahi hai but calculate karne par 2757.89 income banti hai...yeh kya locha hai....

[gasmash]

Sir mis 9 lakh per mahine ka kitna interst milega....plz answer

[JoyDas-qjsq]

Bank of india se money post office pe kaise veje ?

[BimanGuria-om]

1st Dec 2023 ko agar jama kiya toh kitne tarikh se amount account me credit hone lagega?

[DinakaraPai]

Sir tell me how i can get white money from my friends account whithout paying any tax the government I would invest it in mutual funds Can its possible its in terms of loan

[johnfernandez]

Sir I'm scss age 64 can I mk fd of 1 year 15000 how much interest I will gt n monthly how much I will gt pls comment 🙏🙏🙏

[aftabalam-fhte]

15 Lac Deposid karny per kitna Income Tax dena hoga batany ka kast kary

[shubhambelge]

Sir 1 year se pehle koi emergency aagayi to kaise paisa nikale?

[gajendrakumarsingh]

10000 every month मिलने पर tds कितना कटेगा mis se