Monthly Income Scheme - India 1.0.2
Free Version
Publisher Description
Monthly Income Scheme (MIS) is an investment scheme of Indian postal service.
It provides an interest rate of 7.80% per annum which is paid monthly.
You will get the interest each month from the date of making the investment, not from start of the month.
This post office saving scheme does not come under sec 80C so there is no tax-exemption for the amount you invest in this, and interest income is taxable, but there is no TDS cut in this scheme.
Monthly Income Scheme account can also be transferred from one post office to any other post office across the country.
In Monthly Income Scheme Calculator, you need to just entering you’re details like Date of Account opening, Deposit Amount & Rate of Interest (per annum) then you will easily get Maturity Date, Monthly Interest, Total Deposit, Total Interest.
Minimum & Maximum Amount :-
Min Amount Rs. 1,500/- and additional investment in multiples of 1,500/-
Max Amount Rs. 4,50,000/- (if Single) or Rs. 9,00,000/- (if held Jointly).
Features of Monthly Income Scheme :-
* Interest rate of 7.80% per annum payable monthly.
* Maturity period is 5 years.
* No tax deduction at source (TDS).
* No tax rebate is applicable.
* Account can be transferred from one post office to another.
* Minimum investment amount is Rs.1500/-
* Maximum amount is Rs. 4.50 lakhs in a single account and Rs.9 lakhs in a joint account.
* NRI cannot open this account.
* Account can be opened by an individual, two/three adults jointly, and a minor through a guardian.
* Nomination facility is available at the time of opening and also after opening of account.
Features of Monthly Income Scheme Calculator :-
* This Android App is easy to understand & use
* No Internet connection is required for this App
* In Monthly Income Scheme Calculator you can visualize the calculations Graphically.
* With this Monthly Income Scheme Calculator, you can display the reports Yearly or Monthly.
* User Friendly
* Safe Investment
About Monthly Income Scheme - India
Monthly Income Scheme - India is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Monthly Income Scheme - India is Teclab Solutions. The latest version released by its developer is 1.0.2.
To install Monthly Income Scheme - India on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2016-08-16 and was downloaded 25 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Monthly Income Scheme - India as malware as malware if the download link to com.teclab.miscalculator is broken.
How to install Monthly Income Scheme - India on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Monthly Income Scheme - India is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Monthly Income Scheme - India will be shown. Click on Accept to continue the process.
- Monthly Income Scheme - India will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
