The Post Office Monthly Income Scheme (MIS) is a popular and secure investment option that provides a steady monthly income with an attractive interest rate. It is completely safe, with no market-related risks, backed by the government.

Investment Limits

Single Account: An individual can invest a minimum of ₹1,000 up to a maximum of ₹9 lakh.

Joint Account: Two or three individuals can jointly invest up to a maximum of ₹15 lakh.

Multiple MIS accounts can be opened across different post offices, but the total investment must not exceed ₹9 lakh for a single account or ₹15 lakh for a joint account. Chitradurga Renukaswamy Murder Case... Sessions Court Sets Date for Framing of Charges...!

Interest Rate and Tenure

Interest Rate: Currently, the scheme offers an annual interest rate of 7.40%.

Tenure: The scheme has a fixed tenure of 5 years, which is also the lock-in period. Investors receive monthly interest payouts during this period.

Monthly Income

Single Account: An investment of ₹9 lakh yields approximately ₹5,550 per month.

Joint Account: An investment of ₹15 lakh yields approximately ₹9,250 per month.

Key Features

Safety: Fully secure with government backing, free from market fluctuations.

Regular Income: Provides a fixed monthly income for 5 years upon investment. KLOSIA Women Viscose Printed Kurta Pant Dupatta Set

Taxation: No TDS is deducted on the income, but the income may be subject to taxation.

Who Should Invest?The MIS is ideal for those seeking regular monthly income, especially retirees or individuals looking for low-risk investment options.