Earn Monthly with the Post Office Monthly Savings Scheme (MIS)

New Delhi :

When it comes to secure savings and investments, the post office offers a reliable choice. Post office schemes are known for their safety and variety.

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If you’re considering investing your money wisely, the Post Office’s Monthly Savings Scheme (MIS) might be your ideal choice.

What is Post Office MIS?

The Post Office provides a range of small savings schemes, and one of the noteworthy options is the National Monthly Savings Scheme (MIS).

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What sets this scheme apart is the opportunity to earn monthly interest.

With a minimum deposit of just Rs 1,000, you can open an MIS account, while a single account can hold up to Rs 9 lakh, and joint accounts can accommodate up to Rs 15 lakh.

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Interest Rates and Account Details

If you decide to close your account after one year, be prepared for a 2 percent deduction from your deposited amount.

The Post Office MIS is open to everyone, making it accessible to a wide range of investors.

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Currently, the scheme offers an attractive interest rate of 7.4 percent per annum, with interest payments starting one month after the account opening date.

This ensures a consistent monthly income stream.


The scheme has a lock-in period of 5 years, which can be extended for an additional 5 years.

By exploring the Post Office MIS, you can enjoy the benefits of a secure and rewarding savings option.



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