Post Office MIS: Invest Once, Earn ₹5,500 Monthly with Government Guarantee

• The Post Office Monthly Income Scheme (MIS) offers a guaranteed monthly income and is considered a risk-free investment option.
• Investors can earn ₹5,500 per month by investing ₹9 lakh in a single account, with an annual interest rate of 7.40%.
• A joint account allows for a maximum investment of ₹15 lakh, yielding a monthly income of ₹9,250.
• The scheme has a maturity period of five years, and accounts can be opened with a minimum of ₹1,000 by individuals aged 18 and above.
• Premature closure of the account before five years results in penalties: 2% deduction within 1-3 years and 1% deduction between 3-5 years.

Why It Matters: Post Office MIS provides a secure, government-backed investment for a steady monthly income of up to ₹9,250.