# India Post savings and insurance schemes

> Live situation record from CLSTR: https://clstr.news/situations/india-post-savings-and-insurance-schemes
> Updated: 2026-10-05T17:48:43.000Z. Sources: 4. Developments: 2.

India Post provides several savings and insurance products for various financial requirements. The Monthly Income Scheme (MIS) offers a 7.4 percent annual interest rate with monthly payouts over a five-year tenure, featuring investment limits of 9 lakh rupees for single accounts and 15 lakh rupees for joint accounts. The service also includes Postal Life Insurance (PLI) for graduates and Rural Postal Life Insurance (RPLI) for rural areas and non-graduates, with terms lasting between 10 and 30 years.

Additionally, the National Term Deposit Scheme offers time deposits with sovereign guarantees. Interest rates for these deposits scale with the investment duration, ranging from 6.90 percent for a 1-year term to 7.50 percent for a 5-year term. The 5-year option also provides tax benefits under Section 80C of the Income Tax Act, 1961, for investments up to 1.5 lakh rupees.

## Timeline

### 2026-10-05: India Post Time Deposit schemes offer varying interest rates

India Post offers Time Deposit schemes with interest rates ranging from 6.90% for 1 year to 7.50% for 5 years, featuring quarterly compounding and tax benefits for 5-year terms.

2 sources. https://clstr.news/cluster/india-post-time-deposit-schemes-offer-varying-interest-rates

### 2026-09-27: India Post offers Monthly Income Scheme and life insurance options

India Post offers the Monthly Income Scheme with a 7.4% annual return and life insurance options through PLI and RPLI schemes providing up to 10 lakh rupees in coverage.

2 sources. https://clstr.news/cluster/india-post-offers-monthly-income-scheme-and-life-insurance-options

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Cite as: India Post savings and insurance schemes. CLSTR, https://clstr.news/situations/india-post-savings-and-insurance-schemes