Looking for a secure way to earn a fixed monthly income? The Post Office Monthly Income Scheme (MIS) offers a guaranteed monthly return of up to ₹9,250. If you're planning to invest for a steady income source, this government-backed savings plan could be the perfect choice. Here's how it works and how you can open an account.

Key Highlights of the Post Office MIS

1. Guaranteed Monthly Income

   • Earn a fixed monthly return by depositing your money for 5 years.
   • Example:
     • Single Account: Deposit ₹9,00,000 to earn ₹5,550/month.
     • Joint Account: Deposit ₹15,00,000 to earn ₹9,250/month.

2. Interest Rate

   • Current annual interest rate: 7.4% (compounded monthly and paid as fixed income).

3. Flexible Investment Options

   • Minimum deposit: ₹1,000.
   • Maximum deposit:
     • Single account: ₹9,00,000.
     • Joint account: ₹15,00,000.

Who Can Invest?

The scheme is ideal for:

• Individuals seeking stable income without market risk.
• Retirees looking for a fixed monthly return.
• Joint investors aiming for higher income with shared investment.

How to Open an MIS Account

1. Visit the Nearest Post Office

   • Obtain the Monthly Income Scheme (MIS) application form.

2. Submit Required Documents

   • Identity proof (Aadhaar Card, PAN Card).
   • Address proof.
   • Passport-sized photograph.

3. Choose Deposit Amount

   • Decide your investment amount (minimum ₹1,000, up to the applicable maximum).

4. Account Opening

   • Submit the form with the deposit amount.
   • Opt for single or joint account based on your preference.

5. Receive Monthly Payments

   • The interest amount will be credited monthly to your linked savings account.

Why Choose Post Office MIS?

• Secure Investment: Backed by the Government of India.
• Fixed Returns: No market fluctuations.
• Joint Account Option: Higher investment cap for families or partners.
• Affordable Start: Begin with as little as ₹1,000.

Start earning a consistent monthly income with the Post Office MIS. Visit your nearest post office today and secure your financial future with this reliable savings scheme!