Investment: Invest just once in this Post Office scheme, and earn a guaranteed ₹9,250 every month..

If you are looking for a fixed monthly income without any risk, the Post Office's 'Monthly Income Account' (POMIS) is the perfect option for you. The government is currently offering an impressive annual interest rate of 7.4% on this scheme. Best of all, whether the stock market rises or falls, your earnings will remain completely unaffected. Your money stays 100% safe, backed by a government guarantee.

If you open a joint account—perhaps with your spouse or another individual—and make a lump-sum deposit of ₹15 lakh, the annual interest generated at the 7.4% rate amounts to ₹1,11,000. When distributed over 12 months, this ensures that a full ₹9,250 is credited to your account every single month. Alternatively, if you choose to invest ₹9 lakh individually, you will still receive an annual interest income of ₹66,600.

Under this scheme, your funds remain deposited for a period of 5 years.

However, there is no need to worry; once the 5-year tenure is complete, your entire deposited amount (the principal) will be returned to you safe and sound. At that point, you have the option to either withdraw the money for your personal use or reinvest it in the same scheme to resume receiving this monthly income stream for another 5 years.

This scheme is designed for every ordinary Indian citizen seeking a secure investment avenue. You can open a single account individually, or up to three individuals can jointly operate a single account.

Furthermore, if there is a child over the age of 10 in your household, parents can open an account in the child's name—acting as guardians—thereby laying a strong financial foundation for their future.

Opening an account is a very simple process. You simply need to visit your nearest Post Office branch and open a standard Savings Account there. Please note that, in accordance with the government's latest regulations, possessing both a PAN Card and an Aadhaar Card is mandatory for this purpose.

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