BusinessPost Office MIS Scheme Offers 7.4% Interest on ₹2 Lakh Deposit
The Post Office Monthly Income Scheme (MIS) allows a one-time deposit of ₹2 lakh to earn regular monthly interest income at 7.4%. The scheme has a 5-year tenure, after which the principal is returned. Single accounts can deposit up to ₹9 lakh, and joint accounts up to ₹15 lakh. Premature closure is allowed after one year with applicable penalties.
News18Hi Business·3h ago




