Post Office MIS Scheme: If you are thinking about investing, this news could be very important for you. It’s often seen that after marriage, it becomes essential for every couple to plan for a regular income. In such a situation, the Post Office Monthly Income Scheme (POMIS) can prove to be a reliable option.
The special feature of this Post Office scheme is that it provides a guaranteed monthly income on your investment, and it can be opened as a joint account by a husband and wife together. Currently, an annual interest rate of 7.4% applies to this scheme. For example, investing ₹15 lakh in a joint account can yield an income of approximately ₹9,250 every month.
📌 Also Read: Bank Strike on January 27, 2026: Public & Private Banks May Remain Closed Nationwide
Read Here: Honda CBR500R Four Specifications – New inline-four engine, 77.8bhp power and sporty comeback
Interest Rate and Investment Limit
📌 Also Read: Missed ITR Filing Deadline? Know What Happens to Your Tax Refund and Penalties
The Post Office Monthly Income Scheme offers investors the opportunity for a safe and stable income. Under this scheme, a maximum of ₹9 lakh can be deposited through a single account, and up to ₹15 lakh can be deposited jointly with a spouse. The minimum investment amount is only ₹1,000, and thereafter, the investment amount can be increased in multiples of ₹1,000.
In this Post Office scheme, the annual interest on the deposited amount is divided into 12 parts and given to the account holder every month. If you do not wish to withdraw this amount monthly, it remains in your Post Office savings account and is added to the principal amount at maturity.
📌 Also Read: NPS-Vatsalya Big Update: ₹1,000 Investment at Birth Can Grow Into ₹4.2 Crore
Regular Monthly Income
The interest rate in POMIS is 7.4% per annum. With a maximum investment of ₹15 lakh in a joint account, the annual interest is approximately ₹1,11,000, and the monthly income is about ₹9,250. Similarly, investing ₹9 lakh in a single account yields an annual income of ₹66,600 and a monthly income of ₹5,550.
📌 Also Read: Big Pension Reform: Govt Employees to Get Guaranteed 50% Pension and ₹25 Lakh Gratuity
Read Here: Post Office ‘Fatafati’ Scheme: Save ₹400 Monthly and Get ₹20 Lakh, Check How to Apply
Eligibility to Open an Account
📌 Also Read: Train Cancelled Due to Cold Weather? Here's How to Get a Refund, Learn the Easy Process
This scheme is open to all Indian adults. A single account can be opened in the name of only one adult, while a joint account can include a maximum of three adults. An account for a minor can be opened through their guardian. The facility to open a guardian account is also available for children aged 10 years or older.
The Post Office Monthly Income Scheme is a safe, secure, and regular source of income for those who want to plan for their future and a stable income after retirement.