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Calculate guaranteed monthly income from the Post Office Monthly Income Scheme.
Post Office Monthly Income Scheme (MIS) is a small savings scheme backed by the Government of India that offers guaranteed monthly income on your investment. It is a low-risk investment option with a fixed tenure of 5 years.
As of Q4 FY 2025-26, the interest rate for Post Office MIS is 7.4% per annum. The interest is calculated annually but paid monthly to the investor.
The maximum investment limit is ₹9 Lakhs for a single account and ₹15 Lakhs for a joint account.
Yes, the monthly interest earned from MIS is added to your taxable income and taxed as per your income tax slab. There is no TDS deducted on MIS interest, but it is not tax-free.
Yes, a joint account can be opened by up to 3 adults. However, the maximum investment limit for a joint account remains ₹15 Lakhs in total, regardless of the number of holders.
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