Top News

Indian investors prefer to invest their money in a safe place, where even if the returns are slightly lower, the investment will generate regular income. Let's learn about one such scheme.

Post Office Investment Plan: Most Indian investors prefer to invest their money in a safe place, where even if the returns are slightly lower, the investment will generate regular income. This is why most people choose options like bank FDs. However, in addition to bank FDs, there are some Post Office schemes that offer investors the assurance of security along with better returns.

One of these is the Post Office Monthly Income Scheme (MIS). An investment in this scheme can generate up to Rs. 9,000 per month. This scheme is specifically for those who want a regular income. Let's learn more about this scheme...

Post Office Monthly Income Scheme

While the Post Office offers several schemes, the Post Office Monthly Income Scheme is very popular among investors for generating regular income. This scheme requires a one-time investment. Afterward, you earn income from the interest earned on your funds.

Investors receive an interest rate of 7.4% under the scheme. Investors can invest from ₹1,000 to ₹9 lakh. Married couples can invest up to ₹1.5 million.

This is how you can earn ₹9,000 per month.

If an investor invests ₹1.5 million in the Post Office Monthly Income Scheme through a joint account with their spouse, they receive a return at the current 7.4% annual interest rate.

This means the investor earns a regular income of approximately ₹9,250 per month. Meanwhile, over a period of 5 years, the interest alone generates an income of approximately ₹5.55 lakh, while the principal amount invested remains safe.