Post Office Investment Plan: Most of the Indian investors like to invest their money in a safe place. Where even if the returns are slightly less, the investment continues to generate regular income. For this reason, most people choose options like bank FD. However, apart from bank FD, there are some post office schemes as well, which assure security with better returns to the investors.

One of these is the Post Office Monthly Income Scheme (MIS), by investing in which an income of up to Rs 9000 can be earned every month. This scheme is especially for those who want regular income. Let us know about this scheme…

Post Office Monthly Income Scheme

There are many types of such schemes in the post office, but for regular income, Post Office Monthly Income is very popular among investors. Under this scheme, money has to be invested once. After this, you earn income from the interest received on your money.

Under the scheme, investors get an interest rate of 7.4 percent. Investors can invest from Rs 1000 to Rs 9 lakh in this scheme. At the same time, married couples can invest up to Rs 15 lakh in this scheme.

This way there will be an income of Rs 9000 every month

If an investor invests Rs 15 lakh in the Post Office Monthly Income Scheme through a joint account with his wife, he gets returns as per the current interest rate of 7.4 per cent per annum.

That means the investor gets a regular income of around Rs 9250 every month. At the same time, in a period of 5 years, the income from interest alone is around Rs 5.55 lakh. Whereas the original amount invested remains safe.

Also read: Good news for employed people! In-hand salary of people living in these cities can increase, government can give tax exemption on HRA

Post Office Monthly Income Scheme: Indian investors keep looking for good options for saving as well as investing. If you are looking for a scheme to provide a fixed income during employment or after retirement, then you must know about the Post Office Monthly Income Scheme.

Like many good investment options, it gives you a guaranteed interest return of 7.4 percent per annum. Besides, your money also remains safe in this scheme. Once you invest money in this scheme, you continue to get a fixed income every month for the next 5 years.

Special features of Post Office Monthly Income Scheme

Post Office Monthly Scheme is also known as National Saving Monthly Income Scheme. This is a small savings scheme of the government. It has been specially designed for retired people. Those who want good returns on their investment without taking any kind of risk. This scheme works just like a fixed deposit. However, in this, investors are given interest amount every month.

You can start this scheme with a minimum amount of Rs 1000. You can deposit a maximum of Rs 9 lakh in a single account and Rs 15 lakh for a joint account. For example, if you deposit Rs 9 lakh in lump sum, then every month Rs 5,550 will come to your account as interest. Also, if you deposit Rs 15 lakh, you will get an income of Rs 9,250 every month.

How to start?

To start the National Saving Monthly Income Scheme, first open a savings account in your nearest post office. After this the form of National Saving Monthly Income Scheme will have to be filled. While submitting the form, you can deposit your amount in the form of cash or cheque.
Also read: There is a brake on the rise of gold, will there be further decline? Know the latest rates of your city