Post Office MIS: Guaranteed Monthly Income, Low Risk Investment Option

• Post Office Monthly Income Scheme (MIS) offers a fixed monthly income with low risk, ideal for stable income needs.
• Minimum investment starts at Rs 1,500; maximum Rs 9 lakh for single accounts, Rs 15 lakh for joint accounts.
• Current annual interest rate is 7.4%, paid monthly directly into the bank account.
• Example: Rs 9 lakh investment yields approximately Rs 5,550 monthly; Rs 15 lakh yields about Rs 9,250.
• Beneficial for senior citizens, salaried individuals, and those avoiding high-risk investments like the stock market.