Monthly Income Scheme – MIS by Post Office

Monthly Income Scheme - MIS by Post Office

Monthly Income Scheme – MIS by Post Office

This investment product is the part of Small Savings Schemes in India, backed by the surety of the Government. MIS is a fixed return product and MIS is provided by Post Office.

◿ Post Office.

What are the benefits of MIS?

This gives you an opportunity to get regular income after retirement for your necessity. It gives you 8.4% annual return paid in 12 equal parts on monthly basis. This product is for 5 years and total 4.5 lacs can be invested in one name and 9 lacs in joint name, in Post Office.

Post-office-MIS

Is there any Tax benefit?

There is no tax benefit attached with this product. The returns from the scheme are taxable in the hands of individuals.

Is it suitable for individuals?

No plan is good or bad, only the situation of individual decides whether he or she should buy the product or not.

You should not buy any plan without planning your need at retirement. This plan gives you money for expenses and hardly adds any value to your purchasing power.

By the end of the term of this product your capital loses its purchasing power by 32% if inflation for the period remains at 8% for you. Investment without knowing your need you can have income for some time but with passing passage of time the amount will be insufficient for you.

The answer is comprehensive customized life planning, this makes you plan your life with approximately all the domains of life with long horizon.

To carry out all your responsibilities you need to plan your life.

Years Your Investment in Rs Annual Return @ 8.4% Inflation Values of your Investment
First year 900000 75600 8% minus by 7.4%
After 3 years 900000 75600 8% Minus by 20.6%
After 5 years 900000 75600 8% Minus by 32%
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