More beneficial than bank FD! This scheme of post office will give guaranteed income every month sitting at home, 100% government guarantee

Do you also want to invest your lifetime savings in a place where there is no risk and you get a fixed income every month sitting at home? If yes, then Monthly Income Scheme (MIS) of Post Office is made only for you.

This is no less than a boon for those who are retired, housewives or who want to stay away from the ups and downs of the stock market.

So what is this MIS scheme?

Understand it in simple language. This is a government “pension” like scheme. You just have to deposit money in the post office once, and in return the post office keeps giving you interest on your deposited money every month for the next 5 years. On completion of 5 years, you get back the entire amount of money you had deposited.

This interest comes directly into your post office or bank savings account, from which you can easily pay your monthly small expenses like electricity bill, medicine expense or house rent.

Most important things of this scheme (Key Features)

• 100% Security Guarantee: Since this is a Government of India scheme, your every penny and the interest received on it both remain completely safe. No fear of drowning.
• Fixed income every month: You get money on a fixed date every month, which makes household budgeting very easy.
• How much money can I deposit?
  • Minimum: ₹1,000
  • In the name of an individual: Maximum ₹9 lakh
  • Joint account of two people: Maximum ₹ 15 lakh
• How much interest will you get: The interest rate is decided by the government every three months. Currently it is running at around 6.6% annually (from April 2025).

Big benefits of this scheme

• TDS is not deducted: TDS is deducted on the interest on bank FD, but no TDS is deducted on the interest received in this scheme.
• Very easy: You can open this account by going to any post office in any corner of the country. No elaborate frills.
• Nominee Facility: God forbid, if something happens to the investor, the deposited money is easily given to the nominee made by him.

Who can open this account?

Any Indian citizen, whether single, two or three people together (joint account), or parents can open this account in the name of their minor child.

How to open this account?
Just go to your nearest post office. From there, fill the MIS form, submit your identity card (Aadhar, PAN card), address proof and photo and make the first time deposit. That’s it, your account is activated!

This scheme is a great option for those who want “Zero Risk and Guaranteed Returns” on their savings.