Five-year MIS account opened at the 7.4% rate displayed by India Post, verified 2026-10-12. Monthly interest rounds to nearest rupee, half up; unwithdrawn interest earns no additional MIS interest. Deposits are multiples of INR1,000; single-account ceiling INR900,000 or joint INR1,500,000. Eligibility and aggregate individual share limits across existing accounts must already be checked. Excludes early closure, tax and accounts opened at other rates.
Five-year MIS account opened at the 7.4% rate displayed by India Post, verified 2026-10-12. Monthly interest rounds to nearest rupee, half up; unwithdrawn interest earns no additional MIS interest. Deposits are multiples of INR1,000; single-account ceiling INR900,000 or joint INR1,500,000. Eligibility and aggregate individual share limits across existing accounts must already be checked. Excludes early closure, tax and accounts opened at other rates.
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floor(deposit*0.074/12+0.5)floor(deposit*0.074/12+0.5)*12floor(deposit*0.074/12+0.5)*60deposit