Post Office Monthly Income: Like banks, post offices also offer many savings schemes. These include both short and long term savings schemes. There is one such scheme in the post office, which gives the account holder an opportunity to earn a fixed income every month. For this, you have to make a one-time investment.
What is Monthly Income Scheme?
Monthly Income Scheme (MIS) is a deposit scheme of the post office. If you want to get fixed income every month by investing your earnings somewhere safe, then Post Office Monthly Income Scheme (POMIS) 2025 can be a better option for you.
Who can open an account
Under this scheme, husband, wife, siblings or any family member can open an account. If the child is below 10 years of age, then his/her parents or legal guardians can open an account in his/her name. This account can be opened both singly and jointly.
This way you will earn Rs 18350 every month
Under the Monthly Income Scheme, you will have to make a one-time investment. You can invest up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. The post office has launched the Monthly Income Scheme for the year 2025 and has changed the rate of interest. Under this, you will get an income of Rs 18,350 every month on a lump sum investment of Rs 9 lakh.
Currently, the interest rate is 7.4%.
The Post Office Monthly Income Scheme is currently giving interest at the rate of 7.4%. If the husband and wife open this account together, then more than 5 lakhs can be earned from the interest alone.
This scheme is for 5 years
The duration of this scheme is 5 years. No amount can be withdrawn before one year from the date of investment. If the account is closed after one year and before 3 years, then 2 percent deduction is made from the principal amount.
Totally free scheme from market risk
This scheme is completely safe from market risk. This scheme gives higher returns as compared to bank and FD. This scheme is not affected by market fluctuations.