Multiple Post Office MIS accounts explained
Investors can own more than one MIS account with the Indian Post Office, but the total amount invested across all MIS accounts cannot exceed ₹9 lakh for individual investors and ₹15 lakh for joint accounts. This cap helps manage overall exposure while still enabling diversification among MIS products.
In practice, your MIS portfolio must comply with these caps regardless of how many accounts you hold. The rules also cover how interest is calculated across multiple accounts and how withdrawals are handled.
- Multiple MIS accounts are permitted as long as the combined investment remains within ₹9 lakh for individuals or ₹15 lakh for joint accounts.
- Interest on each account is determined by the standard MIS terms, with total earnings aggregated across all accounts.
- Withdrawal rules apply per account, so plan actions across your MIS holdings to stay compliant.
