If you want a savings plan that gives you a fixed amount every month without any risk, the Post Office Monthly Income Scheme (MIS) is a strong option.
With just one investment, you start receiving guaranteed monthly income for five years, directly in your bank account.
Earn ₹5,550 Every Month with One Investment
The Post Office MIS is designed for people who prefer steady and predictable earnings.
Once you deposit a lump sum, the interest is transferred to your bank account every month.
Right now, the scheme offers an annual interest rate of 7.4 percent.
So, if you invest ₹9 lakh, you will receive a fixed ₹5,550 every month for five years.
After the scheme matures, your entire principal amount is returned to you.
Easy to Start, Simple to Maintain
You only need to invest once, and the monthly income begins immediately after opening the account.
The total duration of the scheme is 5 years, making it a hassle-free option for those who don’t want frequent deposits.
To open an MIS account, having a Post Office savings account is compulsory.
You can start with a minimum of ₹1,000.
For a single account, the maximum limit is ₹9 lakh.
For joint accounts, the limit goes up to ₹15 lakh, and up to three people can be joint holders.
Why Many People Choose This Scheme
This scheme is considered highly safe because it is operated by the Department of Posts under the Government of India.
The monthly interest is directly credited to your bank account, so you can use it whenever needed.
With a single investment, you get a steady income for years, making it ideal for retirees, homemakers, or anyone seeking financial stability.
