ONCE YOU LOGIN AT INDIA POST OFFICE INTERNET BANKING USING MOBILE/LAPTOP
AFTER CLICKING MIS ACCOUNT AND OBTAINING FOLLOWING ERROR:
System unavailable. Please check the transaction/account status in mini statement before retrying this operation.
AS OF NOW, DO NOT OPEN MIS ONLINE.
TRY OPENING MIS ONLINE AFTER 03 OR 04 HOURS TO WAIT FOR THE MIS COMPUTER SYSTEM TO BE UP.

COMPARE MIS POST OFFICE INTEREST(LOCKED FOR 05 YEARS) AND SBI ETDR INTEREST(01 YEAR 0 MONTH)
EXAMPLE AT: PRINCIPAL INTEREST PER YEAR INTEREST FOR 05 YEARS RATE OF INTEREST PER YEAR ON TAXABLE IF TOTAL INTEREST GREATER THAN 15000.00 INR
POST OFFICE 3000.00 19.00*08 + 18.00 * 04 = 224.00 19.00*08 + 18.00 * 04 * 05 = 1120.00 7.4% Fri 24-Nov-2023 NO
POST OFFICE 40000.00 257.00*08 + 256.00 * 04 = 3080.00
7.7% Mon 22-Apr-2019 NO
POST OFFICE 85000.00 457.00*06 + 458.00 * 06 = 5610.00
6.6% Sat 14-Aug-2021 NO
SBI 3000.00 17.00*12 = 204.00
6.8% Fri 24-Nov-2023 YES USING AUTOMATION AT SBI
Assume that I am opening 9000.00 MIS
56.00*12 = 672.00 INTEREST DURING FIRST YEAR. AFTER 01 YEAR 06 MONTHS INTEREST = 1008.00
I OPEN MIS 1000.00 USING THIS INTEREST.
AFTER 01 YEAR 07 MONTHS MY INTEREST = 56.00 + 06.00 INTEREST PER MONTH
TOTALLY AFTER 03 YEARS 00 MONTHS MY INTEREST = 1054.00(USING SECOND INTEREST)
I OPEN NEW MIS 1000.00 AGAIN
AFTER 03 YEARS ONE 03 MONTHS MY INTEREST = 56.00 + 06.00 + 06.00 = 68.00 INTEREST PER MONTH
TOTALLY AFTER 04 YEARS 03 MONTHS MONTHS MY INTEREST = 1020.00(USING THIRD INTEREST)
I OPEN NEW MIS 1000.00 AGAIN
AFTER 04 YEARS 04 MONTHS MONTHS MY INTEREST = 56.00 + 06.00 + 06.00 + 06.00 = 80.00 PER MONTH
AFTER 05 YEARS APPROXIMATE INTEREST DURING LAST YEAR = 720.00
SAVED AMOUNT:
9000.00(MIS01)+1000.00(MIS02)+1000.00(MIS03)+1000.00(MIS04) = 12000.00 + 720.00(INTEREST) = 12720.00
IF WE OPEN NSC FOR SAME 9000.00 INTEREST = 4445.00
HOWEVER IF WE FOLLOW SIMILAR WAY WE CAN WITHDRAW/PRE-CLOSE MIS AFTER ONE YEAR OR INVEST INTEREST AT RECURRING DEPOSIT.
ALWAYS OPEN NSC/MIS/TD/SSA/... USING INTERNET BANKING INSTEAD OF TRAVELLING TO POST OFFICE
DATE/TIME(APPROXIMATELY) MY ACTION AT POST OFFICE RESPONSE FROM AT GOVERNMENT POST OFFICE.
Sat 12-Aug-2023 09:00 AM ALWAYS DHARMAPURI M.I.S/CASH_DEPOSIT EMPLOYEE USED TO START THE WORK AFTER 09:30 AM ONLY. ARRIVE THIS POST OFFICE ON Mon 14-Aug-2023 IST TO OPEN MIS AT YOUR JOINT ACCOUNT
Mon 14-Aug-2023 09:00 AM I WENT TO POST OFFICE USING MY MOTHER TO OPEN JOINT ACCOUNT
EVEN THOUGH I AM HAVING MY POST OFFICE ACCOUNT AT BANGALORE.
COME AND COLLECT YOUR PASSBOKK DURING EVENING TIME AROUND 04:00 PM IST.
Wed 14-Sep-2023 09:00 AM I NEED TO GO TO DHARMAPURI POST OFFICE ONLY TO WITHDRAW MY M.I.S INTEREST.
HENCE I DECIDED TO COLLECT MY M.I.S INTEREST AT DHAMAPURI 03 MONTHS ONCE.
YOU CAN COLLECT INTEREST AT DHARMAPURI POST OFFICE ONLY

YOUR BANGALORE POST OFFICE IS NOT HAVING YOUR VALID PAN CARD
USAGE OF INDIAN POST OFFICE AT RAJAJINAGAR HEAD OFFICE MAGADI ROAD (BANGALORE KARNATAKA INDIA)
Mon 18-Sep-2023
THESE EMPLOYEES USED TO START THE WORK EXACTLY AROUND 09:00 AM
MY POST OFFICE ACCOUNT NOT HAVING MY VALID PAN CARD NUMBER OVER THE YEARS(ACCOUNT OPENED TIME WAS Sat 21-Nov-2015 IST)
YES I HAVE UPDATED NOW.
THEY HAVE UPDATED MY VALID PAN CARD ON Mon 18-Sep-2023 WHICH WAS HAVING INVALID PAN FROM Sat 21-Nov-2015 IST
USAGE OF INDIAN POST OFFICE AT ATTIBELE URBAN NEAR ATTIBELE BUS STOP (BANGALORE KARNATAKA INDIA)
DATE/TIME(APPROXIMATELY) MY ACTION AT POST OFFICE RESPONSE FROM AT GOVERNMENT POST OFFICE.
Sat 09-Oct-2023 09:00 AM I HAVE SUBMTITED MIS FORM. COME AND COLLECT MIS PASSBOOK ON Mon 09-Oct-2023
Mon 09-Oct-2023 09:00 AM CAN I GET MY MIS PASSBOOK?
THEY HAVE STABLED MY RUPEES 500.00*6 INR(INDIAN RUPEES) using stapler pin
YOU HAVE NOT FILLED NOMINEE IN YOUR FORM.
CAN YOU VALIDATE MY FORM?
WHEN CAN I COLLECT MY PASSBOOK?
WE WILL VALIDATE IT
COME AND COLLECT ON Tue 10-Oct-2023 IST
Tue 10-Oct-2023 09:00 AM CAN I GET MY MIS PASSBOOK? YOU HAVE NOT FILLED NOMINEE IN YOUR FORM.
TOP
Consider following example:
NMurugesan opened 5000.00 INR(31 times) daily from 01-Jan-2024 IST
Total investment from NMurugesan = 5000.00 * 31 = 155000.00 INR
murugesandins opened only one MIS 155000.00 INR on from 31-Jan-2024 IST
Total interest received by NMurugesan for investing 5000.00 * 31 times:
56358.00(Receiving interest daily each day per month) which is 36.00 INR less than total interest of murugesandins single MIS.
TOTAL INTEREST RECEIVED BY NMURUGESAN FOR EACH MONTH AFTER FIRST MONTH: 11470.00 INR
TOTAL INTEREST RECEIVED BY NMURUGESAN AT FIRST MONTH: 11439.00 INR
However:
NMurugesan will be receiving MIS interest each day.
NMurugesan will be receiving on each Sat(4 times per month) instead of receiving MIS interest of each Sunday.
Hence NMurugesan can open new MIS again during each five/six days and hence total interest by NMurugesan after one year will be greater than murugesandins
This will help NMurugesan at medical checkup/medicines/health care/donation and a lot each day.
Total interest received by murugesandins for investing 35000.00 * 01 time on 31-Jan-2024:
56394.00
TOTAL INTEREST RECEIVED BY murugesandins FOR EACH MONTH AFTER FIRST MONTH: 11470.00 INR
TOTAL INTEREST RECEIVED BY murugesandins AT FIRST MONTH: 11469.00 INR
However:
murugesandins will be receiving MIS interest at the end of each month(29-Feb/31-Mar/30-Apr/31-May/30-Jun..)
murugesandins can open only one new MIS again during end of each month alone.
USING IPPB MOBILE APPLICATION, WE CANNOT OPEN MIS AT INDIAN POST OFFICE.
HOW EVER WE CAN OPEN MIS USING ONLINE WHEN OPENING INTERNET BANKING AT BROWSER
.
IT IS BETTER TO TAKE A PRINT OUT AT HOME
FILL THE M.I.S/N.S.C/WITHDRAWAL/ANY FORMS INCLUDING RELATED/MISSED ITEMS BY USING HELP FROM ONE OF YOUR FAMILY MATES/CLOSE FRIENDS.
ASSUME THAT YOU ARE HAVING TWO LAKH FOUR THOUSAND RUPEES(INR).
USE HALF OF THIS AMOUNT FOR YOUR SPENDING MEDICINES/DONATION/HELPING OTHERS/... USING SBI FIXED DEPOSIT
USE REMAINING HALF OF THAT AMOUNT BY OPENING MIS USING FOLLOWING WAY:
PRINCIPAL INTEREST PER MONTH INT/YEAR January alone PRINCIPAL AT MY ACCOUNT PRINCIPAL AT MUM'S ACCOUNT TOTAL PRINCIPAL INTEREST PER MONTH INT/YEAR TOTAL INT/YEAR
102000.00 629.00 7548.00 DD: 01 3000.00 3000.00 6000.00 = 3000.00 * 2 19.00(MINE)+19.00(MUM'S) 228.00+228.00 456.00
DD: 02 3000.00 3000.00 12000.00 = 3000.00 * 4 19.00(MINE)+19.00(MUM'S) 228.00+228.00 912.00
...
DD: 17
...
3000.00
...
3000.00
...
102000.00 = 3000.00 * 17 * 2
...
19.00(MINE)+19.00(MUM'S)
...
228.00+228.00
...
7752.00
TO KNOW M.I.S CURRENT INTEREST RATE AT INDIAN POST OFFICE: Open following url:
https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx
Click National Savings Monthly Income Account(MIS)
We need to use same application form to open any of the following accounts at post office:
01. SAVINGS
02. RECURRNG DEPOSIT_RD
03. TERM DEPOSIT_TD
04. NATIONAL SAVINGS MONTHLY INCOME ACCOUNT_MIS
05. Senior Citizen Savings Scheme_SCSS
06. KISAN VIKAS PATRA_KVP
07. NATIONAL SAVINGS CERTIFICATE_NSC
https://www.indiapost.gov.in/VAS/DOP_PDFFiles/form/Accountopening.pdf
All forms are available at: https://www.indiapost.gov.in/VAS/Pages/Form.aspx#SavingBank
M.I.S => MONTHLY INCOME SCHEME.
WE CAN DEPOSIT ONLY ONCE OR MORE TIMES AT INDIAN POST OFFICE TO GET INTEREST EACH MONTH AT DEPOSITED AMOUNT FOR FIVE YEARS.
WE CANNOT WITHDRAW THAT DEPOSITED AMOUNT FOR FIVE YEARS.
MAXIMUM AMOUNT ALLOWED AT INDIAN POST OFFICE TO OPEN M.I.S IS 900000.00 INR. IF YOU ARE HAVING MORE THAN 900000.00
YOU CAN OPEN M.I.S AT INDIAN POST OFFICE FOR:
YOUR GRAND MOTHER'S ACCOUNT YOUR GRAND FATHER'S ACCOUNT YOUR MUM'S ACCOUNT YOUR FATHER'S ACCOUNT YOUR ELDER SISTER'S ACCOUNT YOUR YOUNGER SISTER'S ACCOUNT
YOUR ELDER BROTHER'S ACCOUNT YOUR YOUNGER BROTHER'S ACCOUNT YOUR DAUGHTER'S ACCOUNT YOUR SON'S ACCOUNT YOUR HUSBAND'S/WIFE'S ACCOUNT YOUR ACCOUNT
M.I.S PRINCIPAL NEEDS TO BE MULTIPLES OF 1000.00 INR. ASSUME THAT YOU ARE OPENING M.I.S USING 21000.00 INR AS PRINCIPAL INSTEAD OF USING 20000.00 INR.
INTEREST = (21000.00 * 7.4 * 1) / 1200 = 129.50 = ROUND(129.50) = 130.00. IF YOU OPEN M.I.S USING 20000.00 INR AS PRINCIPAL. INTEREST = (20000.00 * 7.4 * 1) / 1200 = 123.33 = ROUND(123.33) = 123.00
                                                                       129.50 rounded off to 130 since 0.50 rounded off to 1 rupee                                                                                                               123.33 rounded off to 123.00 0.33 rounded off to zero rupees.
a. HENCE IT IS BETTER TO OPEN M.I.S USING 21000.00 INR AS PRINCIPAL INSTEAD OF USING 20000.00 INR. ALSO BETTER OPEN M.I.S AT INDIAN POST OFFICE USING NET BANKING ONLINE.
b. IF YOU HAVE TAKEN 03 COVID VACCINES, DO NOT TRANSFER MONEY FROM BANK TO IPPB, TRAVEL TO POST OFFICE AND DEPOSIT THERE. ELSE TRANSFER MONEY FROM BANK TO IPPB, TRANSFER THAT MONEY FROM IPPB TO POST OFFICE.
20000.00 DO NOT USE THIS PRINCIPAL. 123.00 Jan Feb Apr May Jul Aug Oct Nov Dec 21000.00 130.00 Jan Feb Apr May Jul Aug Oct Nov Dec
122.00 Mar Jun Sep 129.00 Mar Jun Sep
Assume that I am opening one MIS (3000.00 INR) every day during Jan-2024 from Mon 01-Jan-2024 to 31-Jan-2024
19.00 INTEREST ON Thu 01-Feb-2024
19.00 INTEREST ON Fri 02-Feb-2024
19.00 INTEREST ON Sat 03-Feb-2024Receive 19.00 INTEREST FOR Sun 04-Feb-2024 ON Sat 03-Feb-2024 SINCE NEXT DAY IS SUNDAY
 
19.00 INTEREST ON Mon 05-Feb-2024
19.00 INTEREST ON Tue 06-Feb-2024
19.00 INTEREST ON Wed 07-Feb-2024
19.00 INTEREST ON Thu 08-Feb-2024
19.00 INTEREST ON Fri 09-Feb-2024
19.00 INTEREST ON Sat 10-Feb-2024Receive 19.00 INTEREST FOR Sun 11-Feb-2024 ON Sat 10-Feb-2024 SINCE NEXT DAY IS SUNDAY
 
19.00 INTEREST ON Mon 12-Feb-2024
19.00 INTEREST ON Tue 13-Feb-2024
19.00 INTEREST ON Wed 14-Feb-2024
19.00 INTEREST ON Thu 15-Feb-2024
19.00 INTEREST ON Fri 16-Feb-2024
19.00 INTEREST ON Sat 17-Feb-2024Receive 19.00 INTEREST FOR Sun 18-Feb-2024 ON Sat 17-Feb-2024 SINCE NEXT DAY IS SUNDAY
 
19.00 INTEREST ON Mon 19-Feb-2024
19.00 INTEREST ON Tue 20-Feb-2024
19.00 INTEREST ON Wed 21-Feb-2024
19.00 INTEREST ON Thu 22-Feb-2024
19.00 INTEREST ON Fri 23-Feb-2024
19.00 INTEREST ON Sat 24-Feb-2024Receive 19.00 INTEREST FOR Sun 25-Feb-2024 ON Sat 24-Feb-2024 SINCE NEXT DAY IS SUNDAY
 
19.00 INTEREST ON Mon 26-Feb-2024
19.00 INTEREST ON Tue 27-Feb-2024
19.00 INTEREST ON Wed 28-Feb-2024
19.00 AND 19.00 INTEREST ON Thu 29-Feb-2024Receive 19.00 INTEREST FOR 30-Jan-2024 and 31-Jan-2024 ON Thu 29-Feb-2024 SINCE NO 30/31 during Feb.
Assume that a person opening MIS using 35000.00
ASSUME THAT YOU ARE HAVING TWO MOBILES.
MOBILE01 USING IPPB
YOU ARE REGISTERING IPPB MOBILE APP USING MOBILE02.
ERROR AT MOBILE02:
IPPB AREADY REGISTERED AT OTHER MOBILE.
STEPS TO RESOLVE:

01)
OPEN MOBILE01
CLICK FORGOT PIN AT MOBILE01.
OPEN MOBILE02
REGISTER AGAIN USING MOBILE02.

02)
IF ABOVE STEP NOT WORKING:
OPEN MOBILE01
CLICK FORGOT PIN AT MOBILE01.
UNINSTALL IPPB MOBILE APP AT MOBILE01.
UNINSTALL AND RE-INSTALL IPPB MOBILE APP AT MOBILE02.
REGISTER AGAIN USING MOBILE02.
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