Please find below the details of post office MIS
- Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.
- 8% Interest compounded six monthly but payable at maturity. INR. 100/- grows to INR 160.10 after 6 years.
- One person can be nominated for certificates of denomination of INR 100 and more than one person can be nominated for higher denominations.
- Maturity period is 6 years. No premature encashment is permitted in the normal course.
- PREMATURE ENCASHMENT under sub-rule (1) of rule 16 after the expiry of three years from the date of purchase of certificate. Table below for a certificate of INR 100 denomination and at a proportionate rate for a certificate of any other denomination.
- A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Deposits quality for tax rebate under Sec. 80C of IT Act.
- The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act.
Interest Rate
Period during which purchased | Maturity Value for a Denomination of INR 100.00 | |
| From | To | |
| 01.01.1999 | 14.01.2000 | INR 195.60 |
| 15.01.2000 | 28.02.2001 | INR 190.12 |
| 01.03.2001 | 28.02.2002 | INR 174.52 |
| 01.03.2002 | 28.02.2003 | INR 169.59 |
| 01.03.2003 | onwards | INR 160.10 |
