When it comes to secure and reliable investments, many people immediately think of Mutual Funds, Fixed Deposits, or the Stock Market. However, there’s another excellent option that’s low-risk and guarantees monthly payouts—the Post Office MIS Scheme (Monthly Income Scheme). By opening a Joint Account – such as one between a husband and wife under this scheme, you can earn monthly payouts of up to ₹9,250 on an investment of ₹15 lakh.
What is the Post Office MIS Scheme?
The Post Office MIS is an investment plan that functions much like a fixed deposit but offers fixed monthly interest payouts instead of a one-time return. It’s perfect for individuals or couples seeking a steady income source. It allows you to invest your savings for a term of 5 years.
How Post Office Monthly Income Scheme Works
The Post Office Monthly Income Scheme (MIS) functions like a fixed deposit but offers monthly interest payouts instead of a lump sum. It is a secure investment plan, backed by the Indian government, it assures safety and reliability.
Suppose that when you deposit your savings for a fixed term of 5 years. During this period, they earn a guaranteed monthly income based on the invested amount. For example, with an investment of ₹15 lakh in a Joint Account, you can earn ₹9,250 per month. At the end of the five-year term, the full principal amount is returned to you, providing financial security.
You also have the convenience of transferring monthly interest payments directly to your bank account. This makes it ideal for retirees or families looking for a predictable income source without the stress of market fluctuations.
Benefits of the Post Office MIS Scheme
- Fixed Monthly Income: Guaranteed interest ensures a reliable and predictable monthly payout.
- Risk-Free Investment: Government-Backed Security, managed by India Post under the Government of India, this scheme is completely safe with no risk of fraud.
- Full Principal Refund: At the end of 5 years maturity, the invested amount is refunded in full, securing your future.
- Higher Returns for Joint Accounts: Couples opening joint accounts can maximize their earnings.
- Tax Benefits: This MIS scheme also offers attractive tax exemptions.
- Convenience: Monthly interest can be transferred directly to your bank account.
How to Open MIS Account
Opening an account under Monthly Income Scheme is very simple. Visit your nearest post office with the following documents:
- Aadhaar Card or PAN Card
- Address proof (such as electricity bill or ration card)
- Bank details for interest transfer
- Passport-sized photograph
Complete the application process, and you’re ready to enjoy guaranteed monthly income.
If you want secure and risk-free investments with dependable returns should consider the Post Office MIS Scheme as your option. The Posts Office MIS Scheme offers reliable monthly returns through a low-risk investment plan which specifically benefits retired people as well as couples and families seeking long-term financial security. With this MIS joint account you can earn a monthly income of nearly ₹10,000.
