Post Office Monthly Income Account Scheme

Interest payable, Rates, Periodicity etc.

• 8.50% per annum   w.e.f. 01.04.2012
   

Investment limits and Denominations

• In multiples of INR 1500/-
• Maximum INR 4.5 lakhs in single account and INR 9 lakhs in joint account.

Salient features including Tax Rebate

1. Maturity period is 5 years.
2. Can be prematurely encashed after one year with some conditions. 
3. No Bonus is admissible on maturity in respect of MIS accounts opened on or after 01.12.2011.