25 Aug 2025: This scheme is ideal for those who want to make a one-time investment and receive a fixed income every month. If you open a joint account in this scheme with your wife, you can get a fixed monthly income of ₹9,250.
MIS Scheme Interest Rate – 7.4%
Currently, the Post Office MIS scheme offers an annual interest rate of 7.4%. You can open an account under this scheme with a minimum investment of ₹1,000.
- Single Account: Maximum deposit limit is ₹9 lakh.
- Joint Account: Maximum deposit limit is ₹15 lakh. Up to 3 people can be included in a joint account.
How will you get ₹9,250 monthly income?
If you and your wife together invest the maximum amount of ₹15 lakh in a joint MIS account, you will receive ₹9,250 as monthly interest. This interest will be credited directly to your Post Office savings account.
The maturity period of this scheme is 5 years. After 5 years, your invested amount will be returned to your account along with the regular monthly interest earned during the term.
To avail this scheme, you must have a savings account in the Post Office. This scheme is a great option for people who want to generate a fixed monthly income from their savings.
Summary:
The Post Office introduces a scheme allowing joint accounts with spouses, offering fixed monthly income benefits. This plan ensures financial security and regular returns for families.