Are you in search of a credible patron of a monthly income after retirement? And now what if we say that this income is from a government-secured scheme where your money grows safely and earns you a monthly income? Allow us to present to you one of the most esteemed savings plans in India, the Post Office Monthly Income Scheme (MIS).
More than letters: Now your post office is an investment partner.
The days of sending mere letters and parcels are long gone. Post offices today provide multiple financial services-that is, from savings accounts, fixed deposits (FDs), recurring deposits (RDs), to high-yield investment schemes.
And just like that, among them, the Post Office Monthly Income Scheme (MIS) is the best suitable to invest for a person who expects a secure income without the risk of market fluctuations.
Invest With Once and Earn Per Month-Here’s How it Works
The Post Office MIS allows you to invest one time, and in turn, mana gets monthly interest payouts sent directly to your account.
- Minimum Investment: 1,000
- Maximum for Single Account: 9 lakh
- Maximum for Joint Account: 15 lakh
- Interest Rate (2024-25)-7.4% per annum, payable monthly
- Lock-in Period-5 years
- Early Withdrwawal is allowed under some conditions.
Let us consider you invest ₹9 lakh under this scheme. At an interest rate of 7.4% per annum, ₹55,500 will accrue each year-A monthly income of ₹5,550 is, however, directly credited to your account.
By now, think of it as a joint investment with your spouse. With the investment of ₹15 lakh, you will be looking at a reliable monthly payout of ₹9,250, which will keep both partners financially blissful.
Interest Payout Table – See How Much You Can Earn
| Investment (₹) | Total Interest in 5 Years (₹) | Total Return (₹) |
|---|---|---|
| ₹50,000 | ₹18,500 | ₹68,500 |
| ₹1,00,000 | ₹37,000 | ₹1,37,000 |
| ₹2,00,000 | ₹74,000 | ₹2,74,000 |
| ₹4,00,000 | ₹1,48,000 | ₹5,48,000 |
| ₹5,00,000 | ₹1,85,000 | ₹6,85,000 |
| ₹9,00,000 | ₹3,33,000 | ₹12,33,000 |
Why Choose the Post Office Monthly Income Scheme?
Government Guarantee
The scheme is fully backed by the Government of India, making it one of the most secure investment options available.
Fixed Monthly Income
You receive a fixed monthly payout, ideal for retirees, homemakers, and anyone looking for a regular income source.
Flexible Account Options
Choose between a single account or joint account, depending on your family’s needs. You also have the flexibility to decide your investment amount.
Simple and Hassle-Free Process
Opening an account under this scheme is easy. Fill out a simple form, submit basic documents, and start earning monthly interest with no hidden charges.