Post Office Monthly Income SCHEME 2023-24 NEW RULES @investment_Tax

#monthlyincome #postoffice #savingschemes #incometax
MIS stands for Monthly Income Scheme.

This scheme provides regular monthly income.
Update applicable from 01.04.2023

This is suitable for those who expect to receive regular and guaranteed income on a monthly basis.
Backed by the Government of India
Safe investment option
Guaranteed returns
Regular monthly income.

Minimum deposit amount is Rs. 1,000.
For a single account, maximum deposit amount is Rs. 9 lakh.
For a joint account, maximum deposit amount is Rs. 15 lakh.

An individual can invest a maximum of Rs. 9 lakhs in MIS (including his share in joint accounts).
For more details and latest updates do watch the full video.

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