Everyone dreams of growing their savings, but finding a safe place to invest can be tricky. While the stock market promises high returns, it also carries high risks. For those who prefer peace of mind, government-backed schemes, bonds, and fixed deposits offer stable and guaranteed growth.
Among such trusted options, the Post Office Monthly Income Scheme (MIS) stands out. This plan requires a one-time investment and ensures a steady flow of fixed monthly interest thereafter.
At present, the MIS scheme offers an annual interest rate of 7.4%, which makes it a highly attractive choice for low-risk investors. You can start investing with as little as Rs 1,000, while the maximum deposit limit for an individual is Rs 9 lakh.
If you wish to invest more, you can open a joint account — with up to three people — and deposit a total of Rs 15 lakh.
The scheme’s tenure is 5 years. Once you invest, you’ll receive your monthly interest directly in your linked savings account for the entire duration. After 5 years, the principal amount will be credited back to you in full.
For instance, if you and your spouse invest Rs 4 lakh jointly, at the current rate of 7.4%, you’ll receive a monthly income of Rs 2,467.
To open an MIS account, you must have a Post Office savings account. If you don’t already have one, it can easily be opened before starting your MIS investment.
The best part? Your money is 100% safe. The Post Office operates under the Government of India, ensuring complete security for your hard-earned savings.
In short, the Post Office MIS is a smart choice for those seeking stable, risk-free returns with guaranteed monthly income — a simple way to make your money work for you.