Post Office Saving Schemes: There is no change in the interest rates of post office schemes for the fourth and last quarter of the financial year 2025-26, starting from January 1, 2025. Investors will continue to get bumper interest on post office schemes like before. The post office is running many types of savings schemes for the countrymen. Today here we will learn about MIS (Monthly Income Scheme), a popular scheme of the post office. Investors investing in this scheme are paid interest money every month. Here we will tell you how you can earn interest of Rs 5550 every month by investing in this scheme.
SIS scheme is getting 7.4 percent annual interest
7.4 percent annual interest is being given on the MIS scheme of the post office. An account can be opened in this scheme with a minimum investment of Rs 1000. Under the MIS scheme, a maximum of Rs 9 lakh can be deposited in a single account. Whereas, a maximum of Rs 15 lakh can be deposited in a joint account. Maximum 3 people can be included in the joint account of MIS Scheme. Let us tell you that in this scheme you have to invest only once, that is, you have to deposit the money in lump sum. After which interest money starts coming in your account every month for 5 years.
Post Office Monthly Income Scheme matures in 5 years
Post Office Monthly Income Scheme matures in 5 years. On maturity you get back all the money invested. If you deposit the maximum investment amount of Rs 9 lakh in this post office scheme, then you will start getting fixed interest of Rs 5550 every month for 5 years. This interest money comes directly into your savings account. To start investing in Post Office MIS Scheme, you must have a savings account of the Post Office itself. If you do not have a savings account in the post office, then you will have to open a savings account first, only after which you can open an account in the Monthly Income Scheme because the interest money is transferred to the post office savings account only.
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