Post Office Investment Scheme: Invest in this post office scheme, you will get 6.6% interest, check here details

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Post Office Investment Scheme: Invest in this post office scheme, you will get 6.6% annual interest, check details
Post Office Investment Scheme: Invest in this post office scheme, you will get 6.6% annual interest, check details

Post Office Investment Scheme: Investing in this scheme of post office will get 6.6% interest annually. The account can be closed on the expiry of 5 years from the date of opening the account by submitting the prescribed application form along with passbook at the concerned post office.


Post Office Investment Scheme: Those who are hoping to invest money in a government-run scheme can look at the Post Office Savings Scheme as a better option. Interest is available at the rate of 6.6 percent on this scheme of India Post. Interested persons can visit the official website of India Post indiapost.gov.in for more details.

Recently India Post has tweeted about this savings scheme from its official Twitter handle. The tweet read, “Invest in National Savings Monthly Income Account (MIS) and get 6.6% p.a. interest every month.

Minimum and maximum investment

Interested persons who want to invest under this scheme should note that the minimum amount to open an account under this scheme is Rs 1000 and the deposit amount should be in multiples of Rs 1000.

It is to be noted that the maximum investment limit is Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account. An individual can invest a maximum of Rs 4.5 lakh in MIS (including his share in joint accounts).

For computing an individual’s share in a joint account, each joint holder has an equal share.

Who can open account?

Interested investors should be aware of who can open an account under this scheme. It is to be noted that the account can be opened by a single adult, a joint account can be held by a maximum of three adults (Joint A or Joint B), a guardian/person of unsound mind and a minor on behalf of a minor is.

Interest statement

  • Individuals should also be aware of the interest details regarding the scheme. They are as follows:
  • Interest will be payable on completion of one month from the date of opening and so on till maturity.
  • If the interest payable every month is not claimed by the account holder, then no additional interest will be available on such interest.
  • If any excess deposit is made by the depositor, the excess deposit will be refunded and only PO Savings Account interest will be applicable from the date of account opening till the date of withdrawal.
  • Interest can be withdrawn through auto credit in the savings account maintained in the same post office or ECS. In case of MIS account in CBS Post Offices, monthly interest can be credited to the Savings Account at any CBS Post Office.
  • Interest is taxable in the hands of the depositor.

Maturity statement

  • The account can be closed on the expiry of 5 years from the date of opening the account by submitting the prescribed application form along with passbook at the concerned post office. If the account holder dies before maturity, the account can be closed and the amount will be returned to the nominee/legal heirs. Interest will be paid till the previous month in which the refund is made.

In case of any query, interested persons can log on to the official website of India Post at indiapost.gov.in.