Keeping in mind the needs of common people, the Post Office runs many types of savings schemes. You can open different accounts in the Post Office, including TD, RD, PPF, KVP, and MIS. Today, we will talk about the Post Office MIS (Monthly Income Scheme). In this scheme, investors make a lump-sum investment. On this investment, they get a fixed interest every month.
Deposit Limit in MIS
The Post Office gives 7.4% yearly interest on the Monthly Income Scheme (MIS). You can deposit at least ₹1,000. In a single account, you can deposit up to ₹9 lakh. If you open a joint account, you can deposit up to ₹15 lakh. A maximum of 3 people can join a joint account. To open an MIS account, you must have a Post Office savings account.
Fixed Monthly Interest
If you put ₹9 lakh in MIS, you will get ₹5,550 every month as interest. The interest money is sent directly to your Post Office savings account. The MIS scheme lasts 5 years. After 5 years, the money you put in comes back to your savings account.
Opening a Post Office MIS?
Know the required documents & how much you can invest safely. #PostOfficeMIS #SafeInvestment #GovernmentScheme #MonthlyIncome pic.twitter.com/RLztYJzZGq
— Marathi Mood (@Marathi_Mood) August 29, 2025
Tension ko kaho Bye Bye! 👋👋
India Post’s Monthly Income Scheme (MIS)- Guaranteed returns, steady income & peace of mind! 🙌💵
Know more at: https://t.co/OLfMYu9IN1 #MIS #IndiaPost #InvestSmart@JM_Scindia @PemmasaniOnX @PIB_India @DDNewslive @airnewsalerts @mygovindia pic.twitter.com/M7ZhAowoQL
— India Post (@IndiaPostOffice) January 31, 2025
Disclaimer: This article is for information only. Before investing or taking any financial risk, please talk to a financial advisor. Timesbull is not responsible for any loss.