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Earn 1000 Rupees Per Month Through Post Office MIS Account Scheme


You must have heard about the Post Office Monthly Income Scheme ( Post Office MIS ). As the name suggests, this scheme is for monthly income. If money is invested in this scheme, some earnings will be every month. It can be called monthly income or monthly return.

How much money you will earn every month will depend on how much money you are investing in the scheme. This scheme has been made to meet the needs of pension. If you do not work in a government or big private company and want to arrange for assistance, this scheme is a good option.

Post Office MIS Account Scheme

This scheme is also popular because the post office runs it. Post office scheme with security guarantee (Risk-free investment ) brings. This is the reason why people are very interested in schemes like MIS.


Only while investing money in Post Office MIS do you get to know how much per cent return will be received in the future. This means that you can invest in MIS to get assured guaranteed returns. The rate that will be fixed when taking the scheme will get the return by adding interest at the same rate until one quarter of the financial year.

Not only this but there is also the facility of tax exemption on investment in this scheme. There is no hassle in opening the account, and you can start it at the nearest branch of your post office. You have to deposit Rs 1,000 while opening the account, the minimum deposit amount. If you want to deposit more, you can deposit in multiples of 1,000.

How Much Interest

If you have a single account, then a maximum of 4.5 lakhs, and if you have a joint statement, then a maximum of nine lakhs can be deposited in a year. At present, 6% interest is being available on MIS. With this interest rate, you can easily understand the return of your investment. At least Rs 1,000 has to be deposited in the account every month, then only you will get the benefit of monthly income.


Let us understand an example of how much return you will get on your investment. Kumar deposited a lump sum of Rs 4,00,000 in the Post Office Monthly Income Scheme. Right now, the interest rate is running at 6.6%. Accordingly, Kumar will earn Rs 2200 per month. If Kumar runs this MIS for five years, i.e. 60 months, he will get Rs 1,32,000 as interest. This will be their net income. Here five years means a lock-in period during which you cannot close the account or withdraw money.

How To Open MIS Account

  1. Visit your nearest post office.
  2. Take the application form and fill in all the details
  3. Submit the required documents, complete the proof of identity and address verification. The investor has to verify the documents himself
  4. Enter the details of the nominee (if any). However, nominee details can also be added later
  5. Deposit cash or check (minimum INR 1,000) and open an account. If the check is a post-dated cheque, the date of opening the account will be written on the cheque.
Geeta Kumar
Geeta Kumar
Geeta Kumar is Our Digital Media Specialist at Spot News 18. She Manages our Digital Media Account Globally. She loves to be connected on Social Media.

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