PensionIndia

What are the salient features of Monthly Income Scheme ( MIS ) run by Post Office in India?

#Interest rate is 8.20% compounded yearly with a maturity period of 5 years.
#Maximum limit of deposit in single account is Rs.4.5 lakh & in joint account is Rs.9 lakh
#Bonus payable on maturity is discontinued on accounts opened on or after 1-12-2011. However the accounts opened before 1-12-2011 will continue enjoying the Bonus.

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