When it comes to safe investments with steady returns, Post Office Small Savings Schemes remain a trusted choice for many Indians.
Backed by the government, these schemes are designed for everyone — from young earners to senior citizens.
One such popular option is the Post Office Monthly Income Scheme (MIS), which helps you earn a fixed monthly income from a one-time investment.
This scheme is especially useful for people looking for regular income after retirement or anyone who wants a risk-free source of monthly earnings.
Guaranteed Monthly Income with Full Safety
The Post Office MIS is designed for investors who want consistent income without taking risks.
Once you invest, the interest amount is credited directly to your bank account every month.
Since the scheme is government-backed, your invested money remains completely safe.
You can open an MIS account with as little as ₹1,000, making it accessible to most investors.
The best part is that you don’t need to invest repeatedly.
A single investment ensures a steady monthly payout.
Interest Rate and Investment Rules Explained
The government currently offers an interest rate of 7.40% per year under the Post Office MIS.
Any Indian citizen above 18 years can open an account, either individually or jointly with up to three adults.
This scheme comes with a maturity period of five years.
For a single account, the maximum investment limit is ₹9 lakh. In a joint account, investors can deposit up to ₹15 lakh.
Interest starts earning from the month after you open the account and continues until maturity.
How You Can Earn ₹5,500 Every Month
To earn a monthly income of ₹5,500, you need to invest the maximum amount allowed in a single MIS account.
A one-time investment of ₹9 lakh at the current interest rate will generate around ₹5,500 per month as interest.
If you want a higher monthly income, you can choose a joint account.
By investing ₹15 lakh, the monthly interest payout increases to approximately ₹9,250.
Important Rules You Should Know
The Post Office MIS allows you to receive interest on a monthly, quarterly, half-yearly, or yearly basis.
However, closing the account before five years can lead to penalties.
If the account is closed between one and three years, 2% of the principal amount is deducted.
If closed between three and five years, 1% is deducted.
In case of the account holder’s death, the account can be closed without penalty, and the deposited amount along with accrued interest is paid to the nominee.
How to Open a Post Office MIS Account
Opening an MIS account is simple. Visit your nearest post office with the required documents.
Fill out the account opening and KYC forms and submit them along with a photocopy of your PAN card.
Once the process is complete, your investment starts earning monthly income from the very next month.
For those seeking stability, safety, and regular income, the Post Office Monthly Income Scheme can be a reliable long-term financial solution.
