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MIS

Monthly Income Scheme

Interest Rate: 7.4%
⏱️Tenure: 5 Years
💰Min: ₹1,500

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Overview

Post Office Monthly Income Scheme provides monthly income to investors through a one-time investment for a period of 5 years.

Key Features

Minimum Amount₹1,500
Maximum Amount₹9 Lakh (Single), ₹15 Lakh (Joint)
Tenure5 Years
Interest Rate7.4%

Eligibility Criteria

  • Any individual above 10 years
  • Joint account by 2 adults
  • Trust and HUF can invest

Benefits

  • Regular monthly income
  • Capital protection
  • Bonus on maturity
  • Nomination facility

🏛️Tax Information

Monthly income is taxable. TDS applicable if income exceeds ₹40,000.

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Quick Facts

  • • Fixed interest rate of 7.4%
  • • Simple interest
  • • Tenure: 5 Years
  • • Government guaranteed returns

💡 Pro Tip

Use our calculator to compare different investment amounts and see how your money grows over time.