Post Office MIS
- 8% Monthly Income Scheme
- 10% Bonus on Maturity
Interest Rate: 8% P.A.
Interest Payable: Monthly.
Maturity Bonus: 10% Bonus on Maturity after 6 years.
Minimum Investment: Rs.6000
Maximum Investment: Rs.3 Lakhs for Single holder & Rs.6 Lakhs for joint holders.
Nomination: Nomination facility available.
Period: 6 Years.
Early Encashment: Premature closure of the account is permitted at any time after expiry of one year and before 3 years with 3.5% deduction. No deduction of penal interest will be levied if the withdrawal is made after 3 years. The bonus will not be paid on premature closure of accounts.
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