Monthly Income Scheme (MIS) Savings & Investments Indian Post office | Indian Postoffice Savings

Minimum: rupees one thousand.
Maximum: rupees three lakhs in case of single and rupees six lakhs in
case of joint account. Deposits in all accounts taken together shall not
exceed Rs. three lakhs in single account and Rs. six lakhs in joint account.
The depositor’s shares in the balances of joint accounts shall be taken as
one half or one third of such balance according as the account is held by 2
or 3 adults.

Interest

Interest @ 8 per cent/ per annum, payable monthly in respect of the
accounts opened on or after the 1st March, 2003.
In addition, bonus equal to ten per cent of the deposited amount is
payable at the time of repayment on maturity.

Pass Book :

Depositor is provided with a pass book with entries of the deposited amount
and other particulars duly stamped by the post Office.

Premature cloasure of Monthly Income Scheme:

Premature closure facility is available after one year subject to condition.

Closure of account

Account shall be closed after expiry of 6 years, bonus equal to ten per cent of
deposits shall be paid alongwith principle amount.

Income Tax relief under Monthly Income Scheme:

Income tax relief is available on the interest earned as per limits fixed vide section 80L
of Income Tax, as amended from time to time.

Click here to get latest updates by Email

107 Responses to “Monthly Income Scheme (MIS)”

Prerak Bharwada [ 03Jun08]

Dear Savingwala,

I M interested In Some of the Monthly Income Saving Plan. Kindly advice for the same.
My Ctc No:- 9820522380

vinaylic6 [ 21Jun08]

I WANT MONTHLY 2000/- P.M. POST OFFICE SAVING FOR 10 YEAR OR 15 YEARS. WHAT WILL MATURTY 10 YEAR OR 15 YEARS BY ME.

Ram chandra Barik [ 21Jun08]

I want to open an post office MIS to invest 6 lac,I am in the high incom tax bracket and already have 1 lac saving in LICs.please guide me, will the MIS maturity with bonus will be taxable and will the monthly earning be considered as my earning along with my salary.should it be wise to open two account in the name of my wife and she is not earning,will the earning from this deposites be taxed.

Biswajit Sarma [ 09Jul08]

Dear Savingwala,

I Am interested In Some of the Monthly Income Saving Plan. Kindly advice for the same.

pls. details me.for mail id.
email: sarma_biswa@yahoo.com

thanks

n.k.shrivastav [ 12Jul08]

In addition, bonus equal to ten per cent of the deposited amount is
payable at the time of repayment on maturity.

maria rosalind [ 16Jul08]

Dear Sir,
Pls give details as i am working in the UAE i would like to operate some of your saving schemes from here .Is it possible???Pls send me the details at the earliest,
thanks and regards
Maria Rosalind
971 50 8752179

deepesh sharma [ 17Jul08]

i am intrested to invest some money monthly so that i can save some money &get good return. can u suggest me?

Ash Mahamad [ 18Jul08]

I am intrested to invest some money monthly so that i can save some money &get good return. can u suggest me?

9210815700

kiran [ 19Jul08]

I wants to spend some money in any govt scheme @1 lakh which scheme is giving more interest for investment if it is for 5 to 10 years
please also send me the detail for short term invest ment interest detail eg 3 month

Shailesh Sakharle [ 30Jul08]

Dear Savingwala.
If i am invest Rs.6 lacs in Joint A/c of MIS, How much amount deducted from interest as per income tax rule 80L.

Rekha [ 08Aug08]

Dear Sir / Madam,

I am plaining to do saving say Rs 2000/- every month - can pls advise where should i invest this money to get good return.

Neelam [ 19Aug08]

Dear Sir,
please give me information monthly saving plans in post office.

ramesh [ 25Aug08]

I Am interested In Some of the Monthly Income Saving Plan in the post office or any other bank government banks. Kindly advice for the same.

my email : ramesh_998@yahoo.co.in

Munish Sharma [ 26Aug08]

Dear Sir

I want to close my MIS prematurely, it is closing in December 2010, if i close now what will be happen, please reply soon, regards.

Munish

Dr E.S.Maheswar [ 27Aug08]

I am a retired state govt employee and a senior citizen. i learnt that there is a G.O for senior citizen fixed deposit scheme in P.O savings which is exempt from income tax for the interest. pl furnish the details an

ashish oscar [ 07Sep08]

I am plaining to do saving say Rs 2000/- every month - can pls advise where should i invest this money to get good return.

rakesh [ 21Sep08]

I am 28yrs old and am planning to have better returns. Request you to kindly advice me from following investment tools, which one is better option to invest and how?
1. National Saving Scheme
2. Monthly Income Scheme

Pls write me on rpa1980@gmail.com

Prasanna [ 26Sep08]

I need a details of Kisan vikas patram & NSE certicate and what they interest given to maturity period.

Iam waiting for your reply..

Remesh Pillai [ 03Oct08]

hi /Sir,
am really intersted in some monthly savings plan, pls. adv. some good schemes with good returns…. at present am working in uae.
thanks
remesh

MOHANAN P V [ 15Oct08]

My father law who was having a MIS dies this year. My wife is the nominee. When contacted the Post master is saying that we will not get interest after the date of death though nominee is there. Whether it is correct.

If we approach the Post office with death certificate on the due date whether we will be eligible for interest along with bonus.

Mohan
Gopika, Ayyanthole

anita [ 15Oct08]

Dear All

Pls tell the Post office details in mumbai so i can go an open the Monthly Income Saving Plan. Anf pls provid me the process of it

Mahalakshmi [ 17Oct08]

i am interested to invest money in a monthly basis in Post Office so that i can save money & get good return. and also want to know whether it has income tax exemption. Please advise.

Thanks & Regards,
Mahalakshmi. K

wasim [ 19Oct08]

I earn 4.9 lakhs per year . I pay for my brothers n sisters education which is nearly 1.2 lakhs per year.

My father is retired n mother is housewife.
Suggest w way to save Income tax

tapas [ 01Nov08]

dear savingwala,i m interested in opening one monthly saving scheme.kindly advise me the amount and the pros and cons of the scheme.
thanks

Phaniveer [ 03Nov08]

Dear Savingwala,

I’m interested in Monthly Income Saving plan.Please let me know whether the saved amount comes under Tax Exemption

vaishali udekar [ 12Nov08]

Hi,

If i deposit a lumpsome amount in my parents name and expect a pension for them each month, is there any scheme/plan for that

Jignesh Patel [ 17Nov08]

I’m interested in investing in PPF account plan.Please let me know whether the invested amount comes under Tax Exemption

DILIP VASU POYYARA [ 20Nov08]

I am interested in MIS. Kindly brief me details. You are also requested to let me know the tax benefit schemes.

Dilip Vasu Poyyara

Anis [ 26Nov08]

I am interested to invest money on monthly basis in Post Office so that i can save money & get good return. is the scheme is beficial in the current market scenario.

Thanks & Regards,
Anis

Preeth [ 10Dec08]

Can we open a post office savings account from Abu Dhabi UAE. Kindly advise

Thnx

Ashis Sanyal [ 11Dec08]

Sir,
My name Ashis Kumar Sanyal,actually I have purchaseed two numbers M.I.S. Certificate with my brother-in law Sri Pradip Banerjee in the Post Office Jeliapara,Kolkata-700117 in the year 2001 ,Month of July Value @Rs 1,50,000.00 each type “JT-B”. But some unavoidable family problem Mr. Banerjiee neither handed over that Pass Books nor contact with me till today.I also phycical move & also sent a Registered Letter in that Post Office but no truthfull result from that Post Master.
So, I request you please give me that M.I.S. accounts number which dated 03/07/2001 & 06/07/2001.
Thanks

KANTH [ 26Dec08]

I am plaining to do saving say Rs 100 - 500/- every month - can pls advise where should i invest this money

SUBA [ 26Dec08]

I am plaining to do saving say Rs 500/- every month - can pls advise where should i invest this money to get good return.

MY MAIL ID : SUBASREE_J@YAHOO.CO.IN

THANKS.

sri [ 26Dec08]

I am interested in monthly return scheme for my kids. can i know what is monthly return for 1 lakh, can it be re deposited back into account or we need to take it out . Are NRI eligible to do so as well. Please be free to reach me at 9848139956 in hyd.

money [ 04Jan09]

I am 24 year old, plaining to do saving say Rs 2000/- every month - can pls advise where should i invest this money to get good return.

email : money.v@gmail.com

thota nagambica [ 05Jan09]

Hi Sir,

can u please provide me the details of the various investment plans wherein i get higher and safe return on my investment.

thanking you,

nagambica

RAJU GUPTA [ 05Jan09]

DEAR I AM INTERESTED IN SAVING PLANS 500-1000RS PER MONTH PLZ ADVICE ME MY EMAIL ID
raju_gupta1986@yahoo.com

PETER [ 06Jan09]

I AM A CHENNAI RESIDENT I AM HAVING A ADDRESS PROOF OF MADURAI DISTRICT CAN I OPEN A ACCOUNT AT CHENNAI POST OFFICE WITH THE MADURAI ADDRESS PROOF

roshan [ 07Jan09]

I WANT TO INVEST FOR MONTHLY INCOME SCHEME WHICH IS THE BEST SCHEME FOR THIS KIND OF INVESTMENT

Lokeshwar [ 07Jan09]

I’m from Bangalore. I would like to save money as much as possible from my salary. what are the best ways to save money and good return. I would like to invest Rs. 5 lac, which is the best option? And I need more information related to save and invest money.

Please advice where should i invest money to get good return. Also I can save Rs. 2000-3000 per month. My e-mail id is ne_lok@yahoo.com

Thanks

ArnB [ 08Jan09]

For office tax savings I have to Invest some amount in some schemes.I want to invest in MIS for My wife(house wife)/Joint acc. for tax savings.
I know that MIS has tax free interests.
but can I show that prove(MIS acc.) for my tax savings facilities to office like NS-certificate?
please let me know immediately.

Thanks

saakshinaik [ 09Jan09]

dear sir,

i want to invest atleast Rs.1000.00 Per month from my current salary.
so, where do i invest please suggest me for good Returns.

Thanks & Regards
Saakshi Naik

pritam [ 11Jan09]

Sir,

I want a regular income of 10000 per month for another 10 years .
how much money i should deposit and in which scheme , so that i will get my returns.
pritammud@gmail.com

sudhir kumar verma [ 16Jan09]

Dear Sir,
please give me information monthly saving plans in post office.

Avik Sengupta [ 17Jan09]

Dear Sir,

I want a Monthly income of Rs 3000/- for my entire life. I am at present 30 yrs old. Pls suggest from where to get the correct information.

A.K.MANRAL [ 26Jan09]

dear sir, MIS amount is incresed to 9 lacks for joint amount with 5% bonus.This needs updating in all the web sites ,if correct.
Please revert.
Regards.

a.k.manral

KARTHIK [ 31Jan09]

WANNA OPEN A ACCOUNT A POST OFFICE ACCOUNT
LOCATION : HYDERABAD
CELL : 9177540217

Kumar [ 02Feb09]

dear i want to know that tax benifit only on intrest or on the amount i invest in.

For example this year i earned 10 laks & if i invest in postal joint account around 6 lakhs can get tax benifit.

Pl let me know

Humaira Khan [ 03Feb09]

Dear Sir

Want to know all about Post Office Saving Account, their schemes,who are eligible, what documents are required & all the procedures for the same also Pls tell the Post office details in mumbai

My contact detail is mairarulz@rediffmail.com

silpa [ 06Feb09]

9986659809

Ved Krishnan [ 15Feb09]

I have to invest in a scheme which can give me maximum returns on monthly basis.

Biranjan [ 16Feb09]

What is the best option for getting monthly income against one time fixed deporit. Expected monthly income Rs. 20,000 approx.

GunjanVyas [ 16Feb09]

HI,

I m looking for the saving scheme which should be less in year and more i suppose to get so pls let me know about that.

Thnx,

Gunjan

Shan [ 18Feb09]

I like to save 500rs monthly in post office. which plan is good to save ? where i need to go and approach for this?

Regards,
Shanthi
ph : 9944537568

bhunesh [ 19Feb09]

pls send me the manthly saving plans

Shweta [ 24Feb09]

Hi Savingswala,

I’m currently working and want an monthly savings plan which is good enough fro another 6 years, so that i can get married with no stress.

Kindly suggest me which savings plan is good for me which will provide me witha good return.

Email id:shweta.kanse@rbs.com

vijaya [ 25Feb09]

Dear Sir
Could you please let me know the current rate of interest for MIS and the upper limit of investment
Thank you in advance
vijaya

swapna [ 02Mar09]

I am living in Amsterdam ,Netherlands. I would like to save some amount for future. I have heard there are post office savings scheme which can be opened individually for very small amount. I would like to save 200 rupees-500 rupees a month . Can you suggest me the schemes avvailable and its benefits as to for how many years ,how much amount will be getting as a return during maturity,how can I withdraw the amount,can I do it through online money transfer and can I apply through online .Please send me details to my mail.

Thanks

Sushil Purohit [ 04Mar09]

My father has invested 1.25 lakhs in Monthly Income Scheme of Mumbai Post office. What will be the loss if I close the account premature. I want to know in detail all the deductions. Please advise me. Thanking you in anticipation.

Sushil Purohit

Sooraj [ 07Mar09]

If I deposit Rs.5 lacs in post office, how much interest I can earn monthly?

Which is that plan? and
What can I do?

Please advice.

Sooraj

Heeralal [ 15Mar09]

i am interested in monthly income schemes,rate of interest must be more than post office.my contact no is 04023818667 ,cell no 9704530698.plese apprise me

Pooran Singh Rawat [ 27Mar09]

I have some money please guide me how can i invest it in monthly saving secheme. I knew somthing about it the interest is earned goes to saving account. can I open a recuured account( R.D.) A/c for the above interest which will be get from monthly saving secheme. please guide me .

harish kumar [ 29Mar09]

HI,

This is Harish Kumar, I am planning to invest some amount for my son who is 18 months now.
Ideally what I have in mind is that at around 20 yrs(His age) i can provide him with atlest 20,00,000 (20 lakhs).
So can you please suggest which is the best option to invest and what is the amount I need to invest now?

Thanks
Harish Kumar

Santosh [ 30Mar09]

Dear Savingwala
am interested in monthly income schemes as well as annually income schemes offering higher rate of interest, risk can be taken.
Pl. replay on my e mail santoshparabxp@yahoo.co.in
Thanks

Zaheer [ 18Apr09]

I wan to invest some money for my daughter for futur,which is better.Kindly suggest.

Fareed [ 25Apr09]

Sir,

My age 24 years, i am intrest to invest Rs.1500/- to 2500/- p.m. Kindly advise to me what plan suitable for me.
My mobile: 9912226762 email:vfareed@gmail.com

shirley [ 27Apr09]

on maturity will i get interest also on the deposited amount alongwith Bonus amount or is it only bonus amount of 10% of the deposited amount. Please reply on my email id.

Harish [ 01May09]

Dear Sir

I am 33yrs old and am planning to have better returns. Request you to kindly advice me from following investment tools, which one is better option to invest and how?
1. National Saving Scheme
2. Monthly Income Scheme

Kindly advice.

Harish

rajesh [ 03May09]

I Am interested In Some of the Monthly Income Saving Plan. Kindly advice for the same.

pls. details me.for mail id.
email: rajesh5483@yahoomail.com

thanks

Chandrashekhar Kirtane [ 09May09]

I wish to invest my retirement proceeds in post office/bank saving schemes which give fairly good rate of interest in present financial scenario. Please advise and respond to my e mail.

lavanya [ 12May09]

Hello,

I am interested in monthly savings scheme. Please suggest me the schemes. Please mail me,

Thanks and Regards
lavanya

Rupali [ 13May09]

I stay in Dubai, UAE. Would like to get some information about saving schemes for children and for myself. Please call me for the same at 00971-501818401

Deepti [ 16May09]

I would like to invest money which provides me monthly income. Kindly advice for the same.

prasanna [ 21May09]

Dear savingvala

i am interested invest 2000 To 3000 per month in post office,it should be tax relief,Kindly advice me what is the plan is best suitable for monthly investment.

MAIL id-prsnn_s@rediffmail.com
mob-9901528752

thanks

Sabiha Fatima [ 21May09]

I want save some money monthly for my daughter’s future please suggest me. Thanks

Bhushan Naik [ 22May09]

Dear Savingwala,

I M interested In Some of the Monthly Income Saving Plan. Kindly advice for the same.

BIRENDER PAL SINGH [ 25May09]

I have to invest in a scheme which can give me maximum returns on monthly basis.

vipul [ 28May09]

hi sir ,
I want to invest money around 8 lacs so as to get regular return..for my family members as well as save from tax.
Kindly suggest me some option..
Also is mis scheme tax free

Ritu [ 08Jun09]

Dear,

My father had invested the money in MIS in june 2003 and he expired in Sept 2007. He nominated me and mine sister. MIS is going to be matured in June 09. Post office will give us the full interest till June 09 or they will give us the interest amount till sept 2007?? Please help..

Karamjeet [ 10Jun09]

Dear Sir,

I am planning to invest in post office’s monthly income scheme. Can you please advice me that which will be the better scheme to invest.

admin [ 13Jun09]

Dear Sir,
Can you please let us know how much are you willing to pay. The no of years you are willing to pay. Also please provide you address and city

anuradha [ 23Jun09]

Dear sir,
I am interested in agent for mahila pradhan kshatria basat yojna .
pls detail in this comment.
call:-9969071541
email:-anuradhalakde@gmail.com

kiran [ 27Jun09]

I am planing to do a saving of say Rs 3000/- every month through PO Monthly Invstment Scheme- can u plz advice me how much interest i can withdraw monthly for the above amount.
Also can this amount of Rs 3000 pm be reduced down to say Rs 2000 anytime during the 6yr maturity term..

Thanks in advance
Kiran

SURESH BHAGWANANI [ 29Jun09]

SIR,
I WOULD LIKE TO DEPOSITE 10000/- PER MONTH UPTO THE TIME OF MY RETIREMENT i.e. AUGUST 2014. MY PROBLEM IS TO SPARE THE TIME TO GO FOR DEPOSITING AMOUNT EVERY MONTH & TO WITHDRAW THE AMOUNT OF MY INCOME. IF THERE IS ANY SHORTCUT TO REINVEST THE INTEREST AMOUNT. PLESE SUGGEST ME.

REGARDS.

Muhammad Shakir [ 18Jul09]

Dear Sir,
Pls give details as i am working in the UAE i would like to operate some of your saving schemes from here .Is it possible? Pls send me the details at the earliest,
Thanks and regards
Muhammad Shakir
971 50 7064030

Mital soni [ 20Jul09]

Dear sir

I am intrested in some of the money saving scheme. Kindly advice for the same.

Mital soni [ 20Jul09]

Dear sir,

I want some money saving investment in post office in monthly saving scheme.so kindly advice for me.

mital soni
nainital

Sudha [ 03Aug09]

I want to open an post office MIS to invest 3 lakhs. I am already having PPF account. I am in the high income tax bracket. I have following questions.

1. will the MIS maturity amount with bonus will be taxable

2. will the monthly earning be considered as my earning along with my salary.

3. Should I declare this while filing IT returns. Please advise.

gaurav [ 07Sep09]

Hello sir

I have an amount in my father’s ppf who has died.
I want to withdraw that amount and save it for monthly income scheme
Also i want to save tax on its withdrawal
I am a salaried individual with no other source of income
Kindly tell me any monthly income schemes and way to save tax on such withdraw

gaurav.investment2009@in.com

m.k.joshi [ 08Sep09]

Iwant to know that after 6th year principal amount and bonus is tax free

Mahendra [ 10Sep09]

Hello,

I am interested in monthly savings scheme etlest rs. 1000/-PM . Please suggest me the govt & other schemes. Please mail me,

Thanks and Regards
Mahendra

kunchi praveena [ 11Sep09]

i am in intested to every month 1000/- in postoffice , canu pls give some advice are send detils to this mail id
kunchi.praveena@eds.com

Sunny [ 13Sep09]

Dear Sir,

I am a small confusion, If i want to open a single adult account do i have to deposit 300 thousand together or in parts.

Please advice.

Regards,
Sunny Bhatia,
United Arab Emirates

Please E-mail me on the following ID
sdbdxb@yahoo.com

lijo john [ 15Sep09]

i would like to open MIS FROM POSTOFFICE
PRESENTLY IAM IN ABROAD,

CAN I OPEN MIS?

WAITING FOR UR REPLY.
THANKS & REGARDS

LIJO JOHN

satyaprasad [ 18Sep09]

dear sir,
i have invested 5 lakhs of rupees at post office in 2005 as MIS. i would like to withdraw the money.if so how much amount i will be getting and any standard deductions will be placed.
thanks,
prasad.

Madhavan [ 19Sep09]

I would like to invest 1 lac evry month post tax for 3 years. What is a good instrument which can fetch good returns and safe.

sangeeta [ 24Sep09]

I am 26yrs old and am planning to have better returns of my 50-80 k amt
Request you to kindly advice me better option to invest and how?

prabhu yessaian [ 29Sep09]

Hello sir ,
Iam working in a corporate concern and i would like to do some investment in the post office since because i need to show the investment for the tax benifit and more over my concern is deducting more than 2000 every month so pl advice me on this . I do not have any insurance policy or other investment but i have filed the income tax for the last year
Regards
Prabhu Yessaian

Shailaja [ 01Oct09]

My fatherinlaw and motherinlaw have joint account “B” type deposit with Post Office in Hyderabad. They get monthly interest of Rs.3600/-.

Mybrotherinlaw who is a criminal-mined has registered the whole house in his name by manipulating my fatherinlaw and now sent my fatherinlaw out of the house who is at present staying with us in the same premises.

My brotherinlaw has now manipualted my motherinlaw and he is holding the pass-book of the joint Account and he is not giving any amount of interest, he has eaten away all his pensionary amounts and my ftherinlaw is not having a pie in hand and not gettting any interest amount of psot office from my motherinlaw.

When we asked our local post office to hold the interest amount, thy are saying B-type account cannot be holded. My fatherinlaw is in helpless situation without a pie in his hand.

Can u pl help him out.

DILLIP [ 01Oct09]

I WANT MONTHLY 2000/- P.M. POST OFFICE SAVING FOR 10 YEAR OR 15 YEARS. WHAT WILL MATURTY 10 YEAR OR 15 YEARS BY ME.

Shailaja [ 03Oct09]

My fatherinlaw and motherinlaw have joint account “B” type deposit with Post Office in Hyderabad. They get monthly interest of Rs.3600/-.
Mybrotherinlaw who is a criminal-mined has registered the whole house in his name by manipulating my fatherinlaw and now sent my fatherinlaw out of the house who is at present staying with us in the same premises.
My brotherinlaw has now manipualted my motherinlaw and he is holding the pass-book of the joint Account and he is not giving any amount of interest, he has eaten away all his pensionary amounts and my ftherinlaw is not having a pie in hand and not gettting any interest amount of psot office from my motherinlaw.
When we asked our local post office to hold the interest amount, thy are saying B-type account cannot be holded. My fatherinlaw is in helpless situation without a pie in his hand.
Can u pl help him out

Shailaja
Hyderabad (A.P)
Mob. 9866260102
Landline 040-27039836

Birendra Kumar [ 08Oct09]

Dear sir,

I M interested In Some of the Monthly Income Saving Plan. Kindly advice for the same.
My Ctc No:- 9852532946/ Birendra Kumar

Anil Arekar [ 10Oct09]

Sir,

I want to invest Rs.15.00 lakhs in a secure monthly income plan.Pl suggest me the comparative options or contact me on 9820512747.

Anshuman [ 15Oct09]

Hi sir
I have retired from coal India limited as Chief Engineer. Pension, Graduaity and other things i got after retirement nearly 30-50 Lakh. I want to invest them so that i have to give min. Income Tax.
Plz reply my mail id
mitranshuman@gmail.com

Prakash Ray [ 05Dec09]

I am interested for post office MIS, please contact me.

jayasree [ 10Dec09]

I AM PLANNING TO DO POST OFFICE SAVINGS EVERY MONTH SAY 1000-2000. CAN U PLZ ADVICE ME WHERE I CAN DO MY SAVINGS IN HYDERABAD BHEL AREA.

Thirupathi [ 14Dec09]

Hai sir
My Name is Thirupathi
Iam Working Hyderabad At Banjarahills

Iam Planning to Do post Office Savings Every Month 500-1000. Can you Plz Advise me
Where i can do my savings in Hyderabad

Savingwala

Free Updates

Categories

Recent Posts

Friends & Family