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Post Office MIS Scheme: Joint Account with Wife Yields Rs. 25,899 Monthly!
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News18•01-10-2026, 07:59
Post Office MIS Scheme: Joint Account with Wife Yields Rs. 25,899 Monthly!
- •Post Office MIS is ideal for investors seeking risk-free options away from stock market volatility.
- •The scheme provides a steady monthly income through interest payments for a period of 5 years.
- •Currently, it offers an annual interest rate of 7.4%; maximum investment is Rs. 9 lakh for individual and Rs. 15 lakh for joint accounts.
- •A joint account with a spouse, investing Rs. 14 lakh, can generate approximately Rs. 25,899 in interest every 3 months.
- •Over 5 years, this investment yields Rs. 5.18 lakh in interest, plus the return of the principal Rs. 14 lakh at maturity.
Key Questions Answered
The Post Office Monthly Income Scheme currently offers an annual interest rate of 7.4 percent.
For individual or single accounts, you can deposit a maximum of 9 lakh rupees. If you open a joint account, the maximum investment limit increases up to 15 lakh rupees.
The account cannot be closed within one year of opening. If you close it within 3 years, 2 percent of the investment amount will be deducted. If closed after 3 years but before maturity, a 1 percent deduction applies.
