Post Office Scheme: Whatever your monthly income is — one lakh, two lakh, or ten lakh rupees — the main point is how much money you save or invest at the end of the month. Your savings become your biggest support in times of need. You can invest your money in many ways and earn good profits. One of the best and most popular options is the Post Office Monthly Income Scheme (MIS). In this scheme, you invest just ₹1,000 every month and get a fixed, guaranteed return. This way, you build a steady source of income with a small investment.
Post Office Monthly Income Scheme (POMIS)
The Post Office Monthly Income Scheme (POMIS) is a safe government savings plan. You can deposit money and earn a fixed interest every month. This scheme is best for people who want regular income without risk — like senior citizens, pensioners, and housewives.
Key Details
You can start investing with a minimum of ₹1,000. The maximum limit for a single account is ₹9 lakh, and for a joint account, it is ₹15 lakh. If you deposit ₹9 lakh in a single account, you can earn about ₹5,550 per month at a 7.4% annual interest rate. In a joint account, an investment of ₹15 lakh gives around ₹9,250 per month. The scheme runs for 5 years. You cannot withdraw the principal during this time, but partial withdrawal is allowed under certain conditions. Though it does not offer tax benefits, it is backed by the government and considered completely safe. If you want to invest, visit your nearest post office, open an account, and submit basic documents like KYC, ID proof, address proof, and a photograph.
Benefits
There are no hidden charges or extra fees. Your money stays fully protected by the government. The Post Office MIS is a perfect option for anyone who wants a steady, risk-free monthly income.