Post Office MIS Calculator: Know How Rs 15 Lakh Deposit Helps Generate Monthly Earnings
In today’s uncertain financial environment, many investors prefer schemes that offer guaranteed returns without market risks. Post Office small savings schemes have become a popular choice among retirees, women, and conservative investors as they provide safety along with fixed earnings. Backed by the Government of India, these schemes ensure that investors’ money remains secure while helping them achieve their financial goals.
One such popular option is the Post Office Monthly Income Scheme (MIS), which is designed for people looking for a regular monthly income from their savings. Under this scheme, investors make a one-time deposit and receive interest every month throughout the investment period.
What is Post Office Monthly Income Scheme (MIS)?
The Post Office Monthly Income Scheme is a government-backed savings plan that provides a fixed monthly income through interest earnings. Unlike market-linked investments, the returns under MIS remain stable as the interest rate is fixed for the applicable period.
The scheme is suitable for individuals who want a regular source of income after investing a lump sum amount.
Key Features of Post Office MIS
What is the Current Interest Rate?
The Post Office Monthly Income Scheme currently offers an annual interest rate of 7.40%. The government reviews interest rates on small savings schemes periodically, and the applicable rate may change for new deposits based on official announcements.
Who Can Invest in Post Office MIS?
Any eligible Indian adult aged 18 years or above can open a Post Office MIS account. Investors can choose between:
Single account
Joint account with up to three adults
A husband and wife can also open a joint account to invest together and earn regular monthly income.
Investment Limit Under MIS Scheme
Investors can start with a minimum deposit of ₹1,000. The maximum investment limit is:
How Much Monthly Income Can You Earn on ₹15 Lakh?
If a husband and wife invest ₹15 lakh in a joint Post Office MIS account, the interest calculation at the current rate of 7.40% would be:
How to Open a Post Office MIS Account?
Investors can open an MIS account by visiting their nearest post office branch. The process is simple and requires basic documents, including:
Benefits of Post Office MIS
The biggest advantage of this scheme is its safety and fixed monthly income. Some key benefits include:
Disclaimer: NewsPoint is not advising readers to invest in any particular scheme. Investment decisions should be made after understanding the scheme details, eligibility, risks, and individual financial requirements. Interest rates and rules are subject to change as per government notifications.
One such popular option is the Post Office Monthly Income Scheme (MIS), which is designed for people looking for a regular monthly income from their savings. Under this scheme, investors make a one-time deposit and receive interest every month throughout the investment period.
What is Post Office Monthly Income Scheme (MIS)?
The Post Office Monthly Income Scheme is a government-backed savings plan that provides a fixed monthly income through interest earnings. Unlike market-linked investments, the returns under MIS remain stable as the interest rate is fixed for the applicable period.The scheme is suitable for individuals who want a regular source of income after investing a lump sum amount.
Key Features of Post Office MIS
- Government-backed savings scheme with secure returns
- Provides monthly interest income
- Investment tenure of 5 years
- Available for both single and joint account holders
- Minimum investment starts from ₹1,000
- Principal amount is returned after maturity
What is the Current Interest Rate?
The Post Office Monthly Income Scheme currently offers an annual interest rate of 7.40%. The government reviews interest rates on small savings schemes periodically, and the applicable rate may change for new deposits based on official announcements.You may also like
- India's private space tech sector raises $871 million through July: Report
- Amitesh Jha resigns as Instamart CEO, Nandita Sinha appointed new chief
- South Korea's KOSPI crashes around 11%: Circuit breaker triggered, market sees worst session in 5 months
- Rupee rises 35 paise to 95.64 against US dollar in early trade
- Gold price prediction today: Will gold prices stay range-bound? Check July 28, 2026 outlook
Who Can Invest in Post Office MIS?
Any eligible Indian adult aged 18 years or above can open a Post Office MIS account. Investors can choose between: Single account
Joint account with up to three adults A husband and wife can also open a joint account to invest together and earn regular monthly income.
Investment Limit Under MIS Scheme
Investors can start with a minimum deposit of ₹1,000. The maximum investment limit is: - Single account: Up to ₹9 lakh
- Joint account: Up to ₹15 lakh
How Much Monthly Income Can You Earn on ₹15 Lakh?
If a husband and wife invest ₹15 lakh in a joint Post Office MIS account, the interest calculation at the current rate of 7.40% would be: - Total annual interest: ₹1,11,000
- Monthly income: Around ₹9,250
How to Open a Post Office MIS Account?
Investors can open an MIS account by visiting their nearest post office branch. The process is simple and requires basic documents, including: - Aadhaar card
- PAN card
- Identity proof
- Address proof
- Passport-size photographs
- Mobile number
- Other required documents
Benefits of Post Office MIS
The biggest advantage of this scheme is its safety and fixed monthly income. Some key benefits include: - Secure investment backed by the Government of India
- Regular monthly interest for managing expenses
- Lower risk compared to market-linked options
- Easy account opening process
- Suitable for retirees and those seeking stable income
- Principal amount returned after completion of the tenure
Disclaimer: NewsPoint is not advising readers to invest in any particular scheme. Investment decisions should be made after understanding the scheme details, eligibility, risks, and individual financial requirements. Interest rates and rules are subject to change as per government notifications.
Loving Newspoint? Download the app now
