![]() In five years, Rs 4.6 lakh will earn Rs 2475 per month, Rs 29700 per year, and Rs 148500 on interest. If there is a deposit of Rs 1 lakh, it will provide Rs 550 per month and Rs 6600 each year and Rs 33000 after five years. If someone has an amount of Rs 50,000 in his account, he/she will receive Rs 275 per month and Rs 3,300 per year for the five consecutive years.Īs per the MIS calculator, the individual will receive Rs 16,500 interest in a span of five years. The limit for minors that is opened by the guardian of the minor will be separate. ![]() Individual total deposits and shares should not exceed Rs 4.50 lakh in MIS accounts. The joint account holders need to have an equal amount invested in the joint account. ![]() A single account holder has a limit of Rs 4.40 lakh while a joint account holds Rs 9 lakh.
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