Post Office Monthly Income Scheme (MIS) : Earn ₹5,550 Every Month with a One-Time Investment : India Post offers several savings schemes designed to meet the financial needs of common citizens. These include TD (Time Deposit), RD (Recurring Deposit), MIS (Monthly Income Scheme), PPF (Public Provident Fund), and Sukanya Samriddhi Yojana, among others.
Today, we’ll talk about one of the most popular options — the Post Office Monthly Income Scheme (MIS). By investing once in this scheme, you can earn a fixed monthly income of ₹5,550 without any risk.
Interest Rate on Post Office MIS
Under the Post Office MIS, you only need to invest once, and you’ll receive a fixed monthly interest for the next 5 years.
As of now, the scheme offers an annual interest rate of 7.4%, which is credited monthly to your savings account.
- Minimum Investment: ₹1,000
- Maximum Investment (Single Account): ₹9 lakh
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Maximum Investment (Joint Account): ₹15 lakh
A joint account can include up to 3 individuals.
Example: How to Earn ₹5,550 Per Month
If you invest the maximum amount of ₹9 lakh in the Post Office MIS, you will earn a fixed monthly income of ₹5,550 for 5 years.
The interest will be directly transferred to your linked post office savings account every month.
After the completion of 5 years, the scheme matures, and the entire principal amount (₹9 lakh in this case) will be credited back to your account.
Eligibility and Account Requirements
To invest in the Post Office MIS, you must have a Post Office Savings Account.
If you don’t already have one, you’ll need to open a savings account first. After that, you can open an MIS account easily at your nearest post office.
Benefits of the Post Office Monthly Income Scheme (MIS)
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Guaranteed Monthly Income:
The scheme offers a fixed monthly return, making it ideal for retirees, homemakers, or anyone seeking regular income. -
Safe and Risk-Free Investment:
Being a Government of India-backed scheme, your money is completely safe — no market risk involved. -
Attractive Interest Rate:
With a 7.4% annual return, the MIS offers a better interest rate than most bank savings accounts and some fixed deposits. -
Flexible Investment Options:
You can open individual or joint accounts and invest according to your financial capacity. -
Steady Income for Senior Citizens:
This scheme is particularly beneficial for senior citizens who prefer a monthly income stream after retirement.
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Easy Process and Accessibility:
The scheme is available at all post offices across India, ensuring easy access even in rural areas. -
No Market Dependency:
The returns are fixed, regardless of market fluctuations — providing peace of mind to investors. -
Option to Reinvest After Maturity:
After 5 years, you can reinvest the maturity amount in the same or another post office scheme.
Summary
| Feature | Details |
|---|---|
| Scheme Name | Post Office Monthly Income Scheme (MIS) |
| Interest Rate | 7.4% per annum |
| Tenure | 5 years |
| Minimum Investment | ₹1,000 |
| Maximum Investment (Single) | ₹9 lakh |
| Maximum Investment (Joint) | ₹15 lakh |
| Monthly Income Example | ₹9 lakh investment → ₹5,550/month |
| Safety | 100% Government-Backed |
Conclusion
The Post Office Monthly Income Scheme is one of the safest and most reliable ways to earn a fixed monthly income in India. With an assured return of 7.4% and government backing, it’s perfect for individuals looking for stable, risk-free earnings.
Whether you’re planning for retirement or just want an additional source of monthly income, the Post Office MIS is a trustworthy and hassle-free investment option for all.