Need A Financial Product › Forums › Trading/Investments › Which MIS I should choose ? SBI or post office

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  • November 3, 2014 at 4:26 pm #48262
    Sameer Kapoor
    Participant

    I want to invest Rs. 10 lakhs in monthly income scheme. Actually I am in need of regular monthly income. I am confused between SBI and post office. Which will be the right option? Is there any other good option available with banks?

    November 4, 2014 at 11:38 pm #48263
    samkapoor77
    Keymaster

    Post office has a restriction of maximum investment of Rs. 6 lakhs on the name of one person. Banks are free from this restriction. Moreover, banks offer ease of operation and good rate of interest. My personal vote goes for MIS with banks.

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