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Post Office Monthly Income SCHEME 2023-24 NEW RULES @investment_Tax

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MIS stands for Monthly Income Scheme.

This scheme provides regular monthly income.
Update applicable from 01.04.2023

This is suitable for those who expect to receive regular and guaranteed income on a monthly basis.
Backed by the Government of India
Safe investment option
Guaranteed returns
Regular monthly income.

Minimum deposit amount is Rs. 1,000.
For a single account, maximum deposit amount is Rs. 9 lakh.
For a joint account, maximum deposit amount is Rs. 15 lakh.

An individual can invest a maximum of Rs. 9 lakhs in MIS (including his share in joint accounts).
For more details and latest updates do watch the full video.

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