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National Savings (Monthly Income Account) Scheme


  • Account matures in 5 years.

  • Minimum ₹ 1000/- & in the multiples thereof. Maximum ₹ 9 Lakhs in single account and ₹ 15 lakhs in Joint Account.

  • A depositor may operate more than one account under this scheme subject to the ceiling of maximum amount, which may be invested in single, or joint account.

  • A guardian may also open an account on behalf of a minor or a person of an unsound mind.

  • Account can be closed prematurely after one year but before the expiry of three years on deduction of 2% of the deposit. In case the account is closed after expiry of three years, 1% of the deposit shall be deducted.

Click for Scheme Rule( 1987 and 2019 )

Click for Scheme Forms.

Click for Interest Rate.

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National Savings Institute, Ministry of Finance (DEA) Govt. of India First Floor,ICCW Building.4,Deen Dayal Upadhayaya Marg,New Delhi-110002.
E-mail ID : nsi[at]nsiindia[dot]gov[dot]in