Post Office Monthly Income Scheme: If you are someone who needs a fixed income every month and are looking for a safe and reliable investment option for yourself, then Post Office Monthly Income Scheme (MIS) can be the best option for you.
This scheme, run by the post office, is specially designed keeping in mind retired people, housewives, or people who need fixed financial assistance every month.
Post Office Monthly Income Scheme
Under the Post Office Monthly Income Scheme, you make a single investment of a fixed amount and then get a fixed income in the form of fixed interest every month. This scheme is approved by the government and is fully protected, meaning your capital investment is protected.
Investment limits and interest rates
| Details | Amount/Details |
|---|---|
| Minimum investment | ₹1,000 |
| Maximum investment (single) | ₹9,00,000 |
| Maximum Investment (Joint Account) | ₹15,00,000 |
| Interest rate (2025) | 7.4% |
| Lock in period | 5 years |
How much income will you get per month?
You can easily calculate your monthly interest using the Post Office’s MIS calculator. See some examples:
- On an investment of ₹5,00,000 → ₹3,083 per month
- On an investment of ₹9,00,000 → ₹5,550 per month
- ₹15,00,000 (Joint Account) → ₹9,250 per month
This income is deposited directly into your post office account.
Features of the plan
- Safe and government guaranteed scheme
- Income from fixed interest every month
- Account in any individual or joint name
- Parents can also open an account in the name of their children.
- Early account closure is allowed (with terms and conditions)
Option to close account before maturity
If the investor wishes to close the account before five years considering his/her needs, the following penalties apply:
- 1 to 3 years ago → 2% discount
- 3 to 5 years ago → 1% discount
But the account does not close before a year.
How to open an account?
- Go to the nearest post office.
- Fill out the MIS form.
- Attach identification, address, and photo.
- Submit the form with the investment amount.
You can open an account for yourself, your children, or even jointly.
| More information on the Post Office Scheme | View |
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