Post Office Saving Schemes: How Monthly Income Scheme (MIS) Compares With Recurring Deposit (RD)

India Post or Department of Posts, which has a network of 1.5 lakh post offices, offers small savings schemes and insurance services, besides the usual postal services. Among the nine savings schemes that India Post provides, recurring deposit or RD account and monthly income scheme (MIS) offer an interest rate of up to 7.7 per cent for quarter ending March 31, according to India Post's official website - indiapost.gov.in. Both post ...