Post Office Monthly Income Scheme (MIS): Earn ₹97 every month with a joint investment
In today’s uncertain economic climate where bank interest rates are constantly falling, finding a safe and stable source of income has become increasingly important – especially for retirees, senior citizens and middle-income families. That’s where the Post Office Monthly Income Scheme (MIS) comes in as a reliable and government-backed savings scheme that ensures a guaranteed monthly income with low risk.
One of the most attractive features of this scheme is that a married couple can earn up to ₹9,000 per month through a single investment. Let’s explore the features, benefits and why it is worth considering.
What is Post Office Monthly Income Scheme (MIS)?
Post Office Monthly Income Scheme is a government-backed savings scheme offered by the Department of Posts, Government of India. It is designed to provide investors with a fixed monthly income, making it ideal for people who need a steady cash flow for monthly expenses.
Key Features of MIS Scheme
Joint Investment Option
You can open a joint account with your spouse and invest up to ₹15 lakh.
The scheme allows a maximum of three joint holders.
Guaranteed Monthly Income
On an investment of ₹15 lakh, you can earn ₹9,003 per month based on the current interest rate of 7.4%.
The interest will be credited monthly to your post office savings account.
Lock-in Period
This investment has a lock-in period of 5 years.
After maturity, you will get the entire principal amount.
Fixed Interest Rate
The current interest rate is 7.4% per annum, payable monthly.
This rate is revised quarterly by the Ministry of Finance but remains fixed for the tenure of your investment once it is booked.
Who should consider this scheme?
This scheme is best suited for:
Retired individuals looking for a regular source of income
Senior citizens who prefer safe, low-risk investments
Middle-class families managing monthly household expenses
Individuals with limited lump sum capital seeking steady returns
Young investors can also use this scheme as a low-risk addition to their portfolio to diversify their income.
Additional details you should know
Individual investment limit: ₹9 lakhs
Joint account limit: ₹15 lakhs
Minimum investment: ₹1,000
Tax benefits: Interest earned is taxable and tax deduction at source (TDS) is not applicable.
Early withdrawal: Allowed after one year with applicable penalties.
You can choose to receive interest at the beginning or end of the month, providing flexibility based on your cash flow needs.
Why choose Post Office MIS?
Here are some reasons why Post Office MIS is a good choice in 2025:
Capital Safety: Backed by the Government of India
Predictable Returns: Monthly interest is not affected by market fluctuations.
Easy Process: Easy to open at a post office near you
Ideal for retirees: Helps manage regular expenses without touching savings
Unlike mutual funds or stock markets, MIS does not expose your capital to risks, making it a reliable option for risk-averse investors.
Important Considerations
There is no income tax exemption on the interest earned.
There is no option to reinvest in this scheme; you will have to manually reinvest the matured amount elsewhere.
It is advisable to consult a financial advisor to understand how it fits into your financial goals.
Conclusion
Post Office Monthly Income Scheme (MIS) is a low-risk, fixed-income savings scheme that helps individuals earn a steady monthly income. For a joint account, especially between husband and wife, it is a smart way to get ₹9,000+ every month while keeping the investment safe and liquid at the end of 5 years.
If you are planning for retirement or looking for a reliable source of income with a government guarantee, MIS is definitely worth considering.