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Post Office MIS: Invest ₹2 Lakh, Get 7.4% Interest & ₹2.74 Lakh Return in 5 Years.
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News18•28-09-2026, 15:27
Post Office MIS: Invest ₹2 Lakh, Get 7.4% Interest & ₹2.74 Lakh Return in 5 Years.
- •Invest ₹2 lakh in Post Office Monthly Income Scheme (MIS) to earn a regular monthly income at 7.4% annual interest.
- •The scheme involves a lump sum deposit, providing a fixed monthly income based on the interest rate, without daily stock market fluctuations.
- •An investment of ₹2 lakh at 7.4% interest yields approximately ₹14,800 annually, translating to about ₹1,233 monthly.
- •The scheme has a 5-year tenure, during which monthly interest is paid, and the principal amount is returned upon maturity.
- •MIS accounts can be prematurely closed after one year, but this may incur deductions as per Post Office rules.
Key Questions Answered
An account can be opened with a minimum of ₹1,000, while the maximum deposit limit is set at ₹9 lakh for a single account and up to ₹15 lakh for a joint account.
With an annual interest rate of 7.4%, a ₹2 lakh investment will yield about ₹1,233 monthly, accumulating around ₹74,000 in total interest over the 5-year tenure before the principal is returned.
Yes, the MIS account can be prematurely closed after one year if you need funds, though deductions may apply according to postal rules.
