Post office MIS scheme in kannada 2019 account || post office monthly income scheme interest rate

Post office MIS scheme in kannada 2019 account || post office monthly income scheme interest rate
From 01.07.2019, interest rates are as follows:-
7.6​ % per annum payable monthly.


In multiples of INR 1500/-
Maximum investment limit is INR 4.5 lakh in single account and INR 9 lakh in joint account
An individual can invest maximum INR 4.5 lakh in MIS (including his share in joint accounts)
For calculation of share of an individual in joint account, each joint holder

have equal share in each joint account.

Where Can You Open an Account?

You can open the account in any of your nearest/ preferred post office.

DOCUMENTS REQUIRED FOR POST OFFICE MONTHLY INCOME SCHEME
The needed documents for opening an account are:

An account opening form from your nearest post office
Two passport size photographs
Address and identity proof such as the Aadhaar card, passport, driving license, voter ID card, ration card, PAN card or declaration in Form 60 or 61 as per the Income Tax Act, 1961

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