Post Office Scheme: Invest Once and Earn a Fixed Monthly Income, Get Up to ₹9,000 Every Month from This New Scheme
National Desk: If you are a working professional or a retiree looking for a regular source of income, the Post Office Monthly Income Scheme (MIS) can be a safe and profitable option for you. This plan offers investors a fixed monthly return on a one-time investment, ensuring financial stability and guaranteed income.
What Is This Scheme?
The Post Office scheme, officially known as the National Savings Monthly Income Scheme (NSMIS), is specially designed for retired individuals and those seeking a stable income source. The investment is completely secure, and the scheme offers a guaranteed annual interest rate of up to 7.4%. It functions like a fixed deposit, but instead of yearly returns, the interest is directly credited to your account every month.
Investment Amount and Benefits
You can start investing in this scheme with as little as ₹1,000.
- For a single account, the maximum investment limit is ₹9 lakh.
- For a joint account, the maximum limit is ₹15 lakh.
Example:
- Investing ₹9 lakh will provide a monthly income of around ₹5,550.
- Investing ₹15 lakh will give you a monthly return of approximately ₹9,250.
How to Apply
To benefit from the National Savings Monthly Income Scheme, visit your nearest Post Office and open a savings account. Then, fill out the NSMIS application form and submit it along with your investment amount — either in cash or by cheque.
Why This Scheme Is Special
- Guaranteed fixed monthly income.
- Safe investment with government backing.
- Ideal for retirees looking for reliable returns.
- Can be started with just ₹1,000.
