Learn everything about the Post Office MIS Scheme 2026. Know how to earn ₹10,000 monthly income, interest rate, calculator, documents, benefits, and FAQs.
Introduction to Post Office MIS Scheme 2026
The Post Office Monthly Income Scheme (MIS) 2026 is one of the safest government-backed investment options in India. It is specially designed for people who want fixed monthly income with zero market risk. This scheme is very popular among retirees, senior citizens, housewives, and low-risk investors.
Under this scheme, you invest a one-time amount, and in return, you get monthly interest directly into your bank account. At the end of 5 years, your entire invested amount is returned safely.
What is Post Office Monthly Income Scheme (MIS)?
The Post Office MIS is a small savings scheme offered by India Post.
It provides:
- Guaranteed monthly income
- Fixed interest rate decided by the government
- Capital protection
- Simple rules and easy account opening
Key Highlights of Post Office MIS 2026
| Feature | Details |
|---|---|
| Scheme Name | Post Office Monthly Income Scheme (MIS) |
| Interest Rate | 7.4% per annum |
| Tenure | 5 Years |
| Minimum Investment | ₹1,000 |
| Maximum (Single Account) | ₹9 Lakh |
| Maximum (Joint Account) | ₹15 Lakh |
| Monthly Payout | Yes |
| Risk Level | Very Low |
| Government Guarantee | Yes |
Interest Rate in Post Office MIS 2026
Currently, the Post Office MIS interest rate is 7.4% per year.
This interest is paid every month, not yearly.
Important: Interest rates are reviewed quarterly by the Government of India.
👉 Official interest rate source:
https://www.indiapost.gov.in/Financial/pages/content/post-office-savings-schemes.aspx
Documents Required to Open MIS Account
To open a Post Office MIS account, you need only basic KYC documents:
- Aadhaar Card
- PAN Card
- 2 Passport Size Photos
- Mobile Number (for OTP and updates)
These documents are mandatory for both bank and post office accounts.
How to Open Post Office MIS Account (Offline & Online)
Offline Method
- Visit your nearest post office
- Ask for MIS account opening form
- Choose Single or Joint account
- Submit documents and form
- Deposit money via:
- Cash
- Cheque
- UPI (Google Pay, PhonePe, Paytm)
Online Method
You can apply online if:
- You already have a Post Office Savings Account
- You use India Post Payments Bank App
Steps are simple and user-friendly.
App link: https://www.ippbonline.com/
Minimum and Maximum Investment Limit
| Account Type | Investment Limit |
|---|---|
| Minimum | ₹1,000 |
| Single Account | ₹9,00,000 |
| Joint Account | ₹15,00,000 |
Joint accounts are usually opened by husband and wife, but any two adults can apply.
MIS Tenure and Maturity Period
- Lock-in period: 5 years
- After 5 years:
- Full invested amount is returned
- Monthly interest stops
Premature Withdrawal Rules (Before 5 Years)
Premature withdrawal is allowed after 1 year, but with penalty:
| Withdrawal Time | Penalty |
|---|---|
| After 1 year & before 3 years | 2% of invested amount |
| After 3 years | 1% of invested amount |
Monthly interest already received is not taken back.
Nominee and Account Transfer Facility
- Nominee facility: Available
- You can add:
- Wife / Husband
- Children
- Any family member
- Account transfer:
- From one post office to another
- Even from one city to another
Post Office MIS Monthly Income Calculator (Chart)
| Investment Amount | Monthly Income (Approx.) |
|---|---|
| ₹1,00,000 | ₹617 |
| ₹5,00,000 | ₹3,083 |
| ₹9,00,000 | ₹5,550 |
| ₹10,00,000 | ₹6,167 |
| ₹15,00,000 (Joint) | ₹9,250 |
👉 To earn around ₹10,000 per month, you need to invest ₹15 lakh in a joint MIS account.
At the end of 5 years, ₹15 lakh is fully returned.
Why Post Office MIS is a Good Investment?
- 100% government-backed
- Fixed monthly income
- No market risk
- Best for retirement planning
- Easy to understand
- Suitable for conservative investors
Important Links
- Official India Post Website: https://www.indiapost.gov.in
- MIS Scheme Details: https://www.indiapost.gov.in/Financial/pages/content/post-office-savings-schemes.aspx
- IPPB App: https://www.ippbonline.com/
FAQs – Post Office MIS Scheme 2026
1. Is Post Office MIS safe?
Yes, it is fully backed by the Government of India.
2. Can I get ₹10,000 monthly from MIS?
Yes, by investing around ₹15 lakh in a joint account.
3. Is TDS deducted on MIS interest?
No TDS is deducted, but interest is taxable as per your slab.
4. Can senior citizens invest in MIS?
Yes, there is no age limit.
5. Can I open multiple MIS accounts?
Yes, but total investment must stay within limits.
6. Is MIS better than FD?
For monthly income seekers, MIS is often better due to stable returns.
