Post Office MIS: Invest ₹1 Lakh, Earn ₹633 Every Month at 7.6% Interest — Here’s How It Works
Post Office MIS: Invest ₹1 Lakh, Earn ₹633 Every Month at 7.6% Interest — Here’s How It Works
The Post Office Monthly Income Scheme (MIS) is attracting investors with its fixed annual interest rate of 7.6%, offering guaranteed monthly payouts for five years.
Under the scheme, you can invest between ₹1,000 and ₹9 lakh in a single account, or up to ₹15 lakh in a joint account (with up to three holders).
If you deposit ₹1,00,000, you’ll earn ₹7,600 in interest annually. This works out to about ₹633 per month, directly credited to your linked post office savings account.
At the end of the five-year term, your entire investment amount is returned in full.
To open an MIS account, you must have a post office savings account. With its government backing and steady income flow, the scheme is especially popular among retirees and those seeking safe, low-risk investments.
