Monthly Income Scheme (MIS) Account

The Post Office Monthly Income Scheme (MIS) is a fixed-income savings scheme for risk-averse investors, retirees, and those seeking predictable cash flows. Accounts can be held singly or jointly (up to three adults), and can be opened for minors above 10 years. The account matures in 5 years, after which the principal can be withdrawn.

• Fixed and reliable monthly income at an interest rate of 7.4% per annum (as of April–June 2025).
• Account limits:
• Single account: Minimum ₹1,000, maximum ₹9 lakh.
• Joint account: Up to ₹15 lakh (investment split equally among holders).
• Minor account: Up to ₹3 lakh.

• 1. Age must be 10 or above in case of own account
• 2. The total deposits across all MIS accounts by a single individual cannot exceed ₹9 lakh. For joint accounts, the maximum is ₹15 lakh. For minor accounts, the limit is ₹3 lakh
• 3. Joint account should be opened by two or three adults.
• 5. Maximum amount which can be deposited in the account of minor is Rs. 3,00,000.

• 1. Aadhar Card
• 2. PAN Card
• 3. Passport size photograph