Investing Rs 9 lakh in the Post Office Monthly Income Scheme (MIS) can help you earn a fixed monthly payout for five years. The scheme is meant for investors who want regular income without exposing their savings to market fluctuations. Here's how much you can earn each month by investing Rs 9 lakh.
As of November 2026, the Post Office MIS provides an interest rate of 7.4% per annum, which is paid monthly. Let us understand this with a simple example.
Imagine Rajesh, a 55-year-old investor, has received Rs 9 lakh from his retirement money. Rather than depositing all money in a savings account, he invests the whole amount in Post Office MIS.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
ALSO READ: Small Savings Interest Rates Unchanged At 4% In April-June Quarter
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The following are details of his investment:
Investment amount: Rs 9,00,000
Annual interest rate: 7.4%
Monthly income: Rs 5,550
Annual interest: Rs 66,600
Total interest in 5 years: Rs 3,33,000
Amount returned at maturity: Rs 9,00,000
This means Rajesh will receive Rs 5,550 per month for 5 years. After the expiry of 5 years, he would receive his initial investment amount of Rs 9 lakh.
Few Things Investors Should Remember
The scheme has a 5-year term, and the interest rate is decided at the time of opening the account. There is an upper limit of Rs 9 lakh for a single account and Rs 15 lakh for a joint account.
Nevertheless, the amount earned from interest is taxed based on your income tax slab. Additionally, you can withdraw money even earlier, but only after one year of investment.
Is Post Office MIS Worth Considering?
In case your priority is earning a steady monthly income and not getting high market-linked returns, MIS is a good choice. However, always calculate your post-tax earnings before investing.
ALSO READ: Senior Citizens' Savings Scheme: How Much Interest Will You Earn On A Rs 30 Lakh Deposit?
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
