Things to take care of while investing in a post office MIS

Only one-time investment is allowed in a scheme

Post office MIS is not a regular investment scheme. You can only invest money in multiples of ₹1000.

Not for small savings

If you are investing smaller amounts (like less than ₹10,000), the monthly income would also be very small. Therefore, this scheme is better for those who have collected huge amounts of money so that their monthly returns are also higher.

Not for emergencies

Keep some amount of your savings in your savings bank account for emergencies. Don’t put all your savings into post office MIS because the monthly income from this investment would be very low and might not be adequate during emergencies.

Premature withdrawal

Make sure you do not withdraw your recurring deposit before maturity. Premature withdrawal is allowed after one year of investing with a penalty.

Always fill in nomination details

Remember to fill in nomination details while opening a post office MIS. Keeping a nomination will ensure that your investment money goes to the right person in case of your death.

To track your progress