Post Office MIS Interest Rate 2025
Last Updated: 06 March, 2025
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As of 2025, the interest rate for Post Office MIS interest rate is 7.4% per annum, payable monthly. The Post Office Monthly Income Scheme (MIS) is a popular savings option for individuals seeking a secure investment with a regular monthly income. This makes it an attractive choice for conservative investors looking for stable returns.
What is Post Office MIS Scheme(POMIS)?
The Post Office MIS Scheme is a government fixed income investment option India Post offers. It allows individuals to invest a lump sum amount and earn monthly interest payouts. The scheme is backed by the government, ensuring safety and reliability.
Key Features of POMIS:
Offers fixed monthly income through interest payouts.
Safe investment with government backing.
No market risks, making it ideal for risk-averse investors.
Allows joint accounts and investments on behalf of minors.
Post Office MIS Interest Rate 2025 and Details
The interest rate for the Post Office monthly income scheme as of 2025 is 7.4% per annum, payable monthly. Below is a table summarizing the details:
Feature | Details |
|---|---|
Interest Rate | 7.4% per annum |
Payout | Monthly |
Minimum Investment | Rs.1,000 |
Maximum Investment (Single) | Rs. 9,00,000 |
Maximum Investment (Joint) | Rs. 15,00,000 |
Account Tenure | 5 Years |
Post Office MIS Account Opening Details
The following table summarizes the eligibility and requirements to open an MIS account:
Criteria | Eligibility Details |
Who can open it? | Individuals, minors (10+ years), guardians for minors/unsound persons |
Joint account | Up to 3 adults |
Deposit limit (single) | Rs. 9,00,000 |
Deposit limit (joint) | Rs. 15,00,000 |
Deposit limit (minors) | Rs. 4,50,000 |
Documents required | Aadhaar, PAN, address proof, passport-sized photo |
How to Open an Account POMIS?
Visit the nearest post office.
Fill out Form 1 for account opening(available at https://www.indiapost.gov.in/)
Submit identity proof and address proof.
Deposit the minimum required amount (Rs1,000 or more in multiples of Rs. 1,000).
Collect the passbook for account tracking.
Post Office MIS Interest Rate for Senior Citizens
Senior citizens receive the same interest rate of 7.4% per annum. However, they can also explore the Senior Citizens Savings Scheme (SCSS), which offers higher interest rates.
Post Office MIS Interest Rate of the Last 5 Years
Here’s a comparison of the Post Office MIS interest rates in the last five years:
Year | POMIS Interest Rate |
2025 | 7.4% |
2024 | 7.4% |
2023 | 7.1% |
2022 | 6.6% |
2021 | 6.6% |
POMIS Rules and Other Conditions
Premature Withdrawal:
Allowed after 1 year with a penalty.
If withdrawn before 3 years, a 2% deduction applies.
If withdrawn after 3 years, a 1% deduction applies.
Interest Payment:
Paid monthly.
No additional interest on unclaimed interest.
Nomination Facility:
Available at the time of account opening or later.
Taxation:
Interest earned is taxable under income tax laws.
No TDS deduction.
Benefits of Post Office MIS
Guaranteed Returns: Fixed monthly income at 7.4% per annum.
Zero Risk: Backed by the Government of India.
Multiple Accounts Allowed: Open in both single and joint names.
Nomination Facility: Can be transferred to legal heirs.
Premature Closure Option: Flexibility to withdraw with minimal penalty.
Conclusion
The Post Office Monthly Income Scheme (MIS) 2025 continues to be a safe and reliable investment choice for individuals looking for stable monthly income. With an interest rate of 7.4% per annum, it is particularly beneficial for retirees, conservative investors, and those seeking risk-free returns. By understanding the eligibility, rules, and benefits, investors can make informed decisions and leverage this scheme for financial security.
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