Invest in This Post Office Scheme With Your Wife and Get ₹9000 Fixed Monthly Income
Invest in This Post Office Scheme With Your Wife and Get ₹9000 Fixed Monthly Income
Secure your future with guaranteed returns under the Post Office Monthly Income Scheme (MIS).
If you are looking for a safe and reliable source of monthly income, especially after retirement or for long-term savings, the Post Office Monthly Income Scheme (MIS) offers a practical and attractive option. A joint investment in this scheme with your spouse can fetch you a fixed monthly return of approximately ₹9000, directly credited to your savings account.
Why Post Office MIS is Gaining Popularity
In a year where the Reserve Bank of India (RBI) has reduced the repo rate by 1%—with cuts of 0.25% each in February and April, and a sharper 0.50% cut in June—most banks have slashed interest rates on their savings accounts. However, post office savings schemes have remained unaffected, continuing to offer better rates than many bank deposits.
Key Features of Post Office MIS
- Safe investment option backed by the Government of India.
- Interest Rate: Currently offers 7.4% annual interest, paid out monthly.
- Maturity Period: The scheme matures in 5 years, post which the entire principal amount is returned.
- Maximum Investment Limit:
- ₹9 lakh for a single account
- ₹15 lakh for a joint account
How to Get ₹9000 Monthly
If you open a joint MIS account with your wife and deposit ₹14.60 lakh, you will receive a fixed monthly interest of ₹9003. The interest is directly transferred to your post office savings account, making it hassle-free to access your funds.
This scheme ensures capital protection along with guaranteed returns, making it a suitable choice for conservative investors or senior citizens looking for a predictable income stream.
Disclaimer: This article is for informational purposes only. Please consult a financial advisor before making any investment decisions.
