New Delhi, Sept. 18 -- The Post Office Monthly Income Scheme (MIS) is designed for investors seeking a consistent monthly income from a relatively simple, low-risk small-savings investment. This scheme provides investors with returns predictability without exposing them to market-linked volatility.

A common question is whether an investor can open more than one MIS account to manage a larger investment or receive monthly income through multiple accounts. What are the rules and limitations related to multiple accounts?

Multiple MIS accounts are permitted. However, investors cannot use multiple accounts to circumvent the overall investment ceiling. The rules, as established by India Post, permit an individual to open one or more accounts,...