Post office MIS
Interest rate7.4% p.a. (notified, fixed for 5 years)
Tenure5 years
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Monthly income before taxA scheme-specific estimate is unavailable for these details
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Scheme details & suitability
Brief
Monthly income from a single deposit, with principal returned at maturity.
Tenure
5 years; principal returned at maturity.
Eligibility
Resident adults, no other MIS holdings, held to full term.
Min investment₹1,000, in ₹1,000 multiples
Max investment₹9,00,000 single · ₹15,00,000 joint
Interest rate7.4% p.a., fixed for 5 years · Oct–Dec 2026 openings
Tax benefitNo special exemption; interest taxable, per scheme rules
Tax on incomeInterest taxable as income, per scheme rules
Withdrawal rulesPremature closure from year 1, with a deposit deduction; not modeled here
Pros
- Government-backed, among the safest fixed-income options
- Predictable monthly income, no reinvestment needed
- Principal fully returned at maturity
Cons
- Interest is fully taxable, no special exemption
- Fixed 5-year lock-in with early-closure deductions
- No compounding — interest isn't reinvested automatically
Illustrative projection only. Not financial, tax or eligibility advice. Current scheme rules are held constant for this future scenario; confirm eligibility and terms with the provider before opening an account.