Investment

MIS

Also known as: Monthly Income Scheme, Post Office MIS

Monthly Income Scheme - Post office product providing fixed monthly income with 5-year tenure.

Detailed Explanation

Monthly Income Scheme (MIS) is a post office product offering 7.4% annual interest paid monthly for 5 years. Maximum investment of ₹9 lakh (single) or ₹15 lakh (joint). Ideal for retirees and conservative investors seeking regular cash flow. Premature withdrawal allowed after 1 year with penalties.

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Related Terms

Post Office Schemes

Government-backed savings and investment products offered through India Post with guaranteed returns.

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