Earn ₹1850 Every Month from Post Office

Title: Earn ₹1850 Every Month from Post Office MIS Scheme | Passive Income from Govt. Scheme

Look at this – sitting at home, I receive ₹661 in my bank account every single month! Here’s the live proof.

Now, this monthly money is coming from none other than the Post Office Monthly Income Scheme (MIS). I’ll explain everything about this scheme in detail – just stay with me till the end of the video. And if you find this video helpful, don’t forget to leave a comment!

✅ What is Post Office MIS?

Let’s first understand what this scheme is by visiting the official Post Office website.

This is a 100% government-backed scheme, so the risk of fraud is almost zero.

Now, what is this MIS?

As the name suggests, Monthly Income Scheme – which means you invest once and then receive a fixed amount every month as interest.

✅ Who Can Invest?

To invest:

• You must be at least 18 years old to open the account in your name.
• If you’re 10 years or older, you can still invest, but under the supervision of a guardian.

✅ How Much Can You Invest?

• Minimum investment: ₹1,000
• Maximum for an individual: ₹9 lakh
• Maximum for joint account (2 or more people): ₹15 lakh

You can open multiple accounts, but your total investment must not exceed the allowed limits.

✅ Lock-In Period

• Once you invest, your money is locked for 5 years.
• Yes, there’s a partial withdrawal option, but that comes with conditions – I’ll explain that later in the video.

✅ Example

Let’s say I invest ₹1 lakh on 10th March. This becomes one separate MIS account.

Now, if I get another ₹50,000 on 12th March, I cannot add it to the same account. I’ll have to open a new MIS account for this ₹50,000.

Each deposit is treated as a separate account with its own 5-year lock-in.

So, if I open:

• One account with ₹1 lakh
• Another with ₹50,000

I now have two separate MIS accounts.

But remember, total investment under your name must not exceed ₹9 lakh.

✅ How Much Monthly Income Will You Get?

The current interest rate (as per the official website) is 7.4% annually.

Let’s break it down:

• If you invest ₹1 lakh:
  • Annual interest = ₹7,400
  • Monthly income = ₹617
• If you invest ₹3 lakh:
  • Monthly income = ₹1,850 approx

So, the more you invest, the more you get every month.

✅ What Happens After 5 Years?

• You will continue to receive interest every month for 5 years.
• After 5 years, you’ll get back your entire principal amount (i.e., the money you invested).
• You can then choose to reinvest or withdraw it.

✅ Joint Account Benefits

Let’s say:

• I open a joint account with my mother.
• We invest ₹15 lakh (max allowed for joint account)
• That’s ₹7.5 lakh each

Now I can still open a separate individual account and invest up to ₹1.5 lakh more (since individual limit is ₹9 lakh).

✅ Withdrawal Rules

You can’t withdraw before 1 year. But after that:

• If you withdraw after 1 year but before 3 years, a 2% penalty on principal is deducted.
• If you withdraw after 3 years but before 5 years, a 1% penalty applies.
• After 5 years, you can withdraw the full amount without any penalty.

✅ Final Thoughts

This scheme is great for:

• Senior citizens
• People looking for fixed monthly income
• Those who don’t want to take high investment risks

You get:

• Government security
• Regular income
• Principal amount back after 5 years

It’s not for everyone – if you want high returns, mutual funds or stocks might suit you better. But if you want safe and stable income, this could be a good fit.