Monthly Income Scheme: From deposit limits to taxation, here are 10 key facts about this account.
The National Savings Monthly Income Scheme (MIS) is a deposit scheme that offers an annual interest rate of 6.6%.
The government sets the rate on a quarterly basis, and it has remained unchanged since 1 April 2020.
The account can be opened in multiples of Rs 1000, and the maximum investment limit in a single account is Rs 4.5 lakh and Rs 9 lakh in a joint account.
Swipe up to know 10 factors of Monthly Income Scheme so that you can get more profit on your investment.