Post Office Monthly Income Scheme (MIS) 2022 Calculator / Interest Rate / Account Opening Form / Deposits / Premature Withdrawal / Nomination
Post Office Monthly Income Scheme 2022 is a best five year investment with maximum ceiling of Rs. 4.5 lakh under single ownership and Rs. 9 lakh under joint ownership. Central government now fixes interest rate at 6.6% per annum (w.e.f 1 April 2022) payable monthly. Subscribers can calculate their interest earned through MIS calculator and also see bonus amount after every month. All those candidates who wants to earn regular income every month can make investment. PO-MIS investment does not qualify for any tax benefit under s/c 80 C and interest earned is fully taxable. Account may be closed on expiry of 5 years from the date of opening by submitting prescribed application form with pass book at concerned Post Office. In case the account holder dies before the maturity, the account may be closed and amount will be refunded to nominee/legal heirs. Interest will be paid up to the preceding month, in which refund is made. This type of investment keeps your amount intact, provide better