Post Office MIS Interest Rate (Monthly Income Scheme)
The Post Office Monthly Income Scheme interest rate is 7.4% a year for July–September 2026.
- Interest rate
- 7.4%
- Quarter
- July–September 2026
- Interest paid
- Monthly and paid (interest paid monthly, not compounded)
- Term
- 5 years
- Minimum deposit
- ₹1,000 (multiples of ₹1,000)
- Maximum
- ₹9 lakh single / ₹15 lakh joint; individual total ₹9 lakh
The Ministry of Finance sets small savings rates every quarter. For July–September 2026 the Post Office Monthly Income Scheme pays 7.4% a year, monthly. The rate was the same in every quarter from October–December 2024 to July–September 2026.
Rules.
- Term: 5 years
- Minimum deposit: ₹1,000 (multiples of ₹1,000)
- Maximum: ₹9 lakh single / ₹15 lakh joint; individual total ₹9 lakh
- Interest payable monthly; unclaimed interest earns nothing.
- No withdrawal before 1 year; 1–3 years: 2% deduction; 3–5 years: 1% deduction.
- Joint holders have equal share.
Tax. Interest is taxable in the hands of depositor. India Post states these rules under the Income-tax Act, 1961; from 1 April 2026 the Income-tax Act, 2025 applies with new section numbers.
Questions
What is the Post Office Monthly Income Scheme interest rate now?
7.4% a year for July–September 2026, as notified by the Ministry of Finance.
How is the interest paid?
Interest paid monthly, not compounded.
Compare every scheme in the small savings interest rates table.
- Scheme
- Post Office Monthly Income Scheme
- Rate history
Quarter Rate July–September 2026 7.4% April–June 2026 7.4% January–March 2026 7.4% October–December 2025 7.4% July–September 2025 7.4% April–June 2025 7.4% January–March 2025 7.4% October–December 2024 7.4% - Ministry of Finance notification
- dea.gov.in
- Sources
Source Link Ministry of Finance notification, July–September 2026 http://dea.gov.in/files/budget_division_documents/Q2ROI.pdf National Savings Institute: rate history https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=132 MIS limits https://www.indiapost.gov.in/banking-services/savings - Last checked
Source: Ministry of Finance (Department of Economic Affairs) notifications on small savings interest rates, the National Savings Institute rate history and India Post scheme rules, linked on each record.