Monthly Income Scheme (MIS) from Indian Post Office
Monthly Income Scheme
- Safe & sure way to get a regular monthly income.
- Specially suited for retired employees/ Senior Citizens or any one with high sum for investment .
- Rate of interest 8%.
- 10% Bonus on maturity. (withdrawn w.e.f 13th February 2006)
- Maturity Period – Six Years.
- Post maturity Interest at the rate applicable from time to time (at present 3.5%)
- Auto credit facility to SB Account.
|Type of Account||Minimum limit||Maximum limit|
|Single||Rs. 1000/-||Rs. 3 lakhs|
|Joint||Rs. 1000/-||Rs. 6 lakhs|