Monthly Investment Scheme by Post Office

If you have surplus amounts of money or if you are even looking to invest a decent amount of money, then the post office monthly investment scheme can be the perfect option. Generally, the Indian Post Office offers numerous investment schemes in which you can invest your money and get returns on your investment. Moreover, talking about the security of these investments, all of these investments are government sponsored which makes them a safe option to begin your investment journey with. Apart from the monthly savings scheme, the post office offers numerous other investment options such as a post office savings account, recurring deposits, time deposit schemes and a number of other investment options. Also it is important for you to check the interest rate to be sure of the returns that you would be eligible for over your investment. As a result, the interest rate in 2022 would be different from the Post Office MIS Interest Rate 2021.

Features of the Monthly Investment Scheme

It is important to know about the features of the investment before investing your money into. The features of the post office monthly investment scheme are as follows:

Maximum Investing Amount

Before you start investing in this option, there is a limit on the amount that you can invest in this particular scheme. The maximum amount is set at INR 4.5 lakh. Moreover, if you wish to invest in various post offices, then your total investment amount can not be more than INR 4.5 lakh. Individuals who are below 18 years in age can have a maximum investment amount of up to INR 3 lakh. However, the minimum amount to begin investment in this scheme is INR 1500.


You can transfer your investment from one post office to another. If you are shifting from a city, where you started investing in this scheme, to another city. Then, you can also transfer your investment scheme to your nearest post office in the new city.


The lock in period for this investment scheme is set at 5 years. In other words, you cannot withdraw any amount from this scheme for 5 years from the date of the beginning of your investment.

Joint Account

If you wish to invest in this scheme with your friends or family, then it is important for you to know that the limit for account holders is set at a maximum of 3 people. Every member has equal rights on the investment, while the investment limit exceeds to a maximum of INR 9 lakh. However, the solitary limit remains INR 4.5 lakh.

Auto Withdrawal

There is an option by which the interest on your investment amount can be automatically transferred to your savings account. Moreover, if your post office monthly income scheme account is at a CBS post office, then you also have the option of transferring your interest to another CBS savings account.

Eligibility Criteria

Apart from the features mentioned, there is a specific eligibility criteria that an applicant needs to fulfil in order to be able to invest in this post office investment scheme. The eligibility criteria for the same is as follows:

  • Investor should be a resident of India.
  • Should be above the age of 18 years.
  • Can also invest in the name of children that are above 10 years of age.
  • In such a case, the children will have access to the funds only after attaining 18 years of age.
  • Minor accounts can be converted to major accounts upon request for change.

These are some of the features and eligibility of the post office monthly investment scheme. It is important to consider the saving account interest rate before investing your sum of money. This would help you in choosing the right investment option amongst the two. Moreover, it is advisable to check the eligibility criteria and features of the investment scheme before investing your money into it.

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