Post Office MIS Scheme: The Post Office Monthly Income Scheme has once again become one of the most searched savings plans in India. With rising expenses and uncertain markets, people want a safe investment that delivers fixed monthly returns. The claim that a ₹5 lakh deposit can give you ₹11,000 every month has gone viral, but how much of it is true? Here is the real calculation, the current interest rate, and what you can actually earn from the MIS scheme.
What Is the Post Office MIS Scheme
The Monthly Income Scheme is a government-backed savings plan that allows investors to deposit a lump sum and receive fixed interest every month for five years. Being a risk-free plan managed by India Post, MIS is popular among retirees, homemakers and investors who prefer stable monthly returns instead of market-linked volatility. The interest rate is reviewed quarterly by the Finance Ministry, making it a reliable long-term option.
How Much Monthly Income Do You Get from ₹5 Lakh
The current MIS interest rate is around 7.40 percent annually. Based on this rate, a ₹5 lakh deposit gives an approximate monthly return of ₹3,083. This is the genuine amount as per present rules. The viral claim of ₹11,000 monthly income from ₹5 lakh is not accurate under the current interest rate. To earn ₹11,000 monthly, an investor would need a significantly higher corpus, which is not permitted within MIS limits.
Maximum Deposit Limit Under MIS
A single MIS account allows a maximum deposit of ₹9 lakh, while a joint account permits up to ₹15 lakh. This means that even with the maximum joint deposit of ₹15 lakh, the monthly income would be around ₹9,250. MIS remains a safe and dependable scheme, but investors should rely on the real interest-based calculation instead of viral online claims.
Why MIS Is Still a Strong Investment Option
Despite the exaggerated numbers circulating online, the MIS scheme continues to attract investors because it offers guaranteed income and complete capital protection. Regular monthly payouts help families manage expenses, and the government security provides peace of mind. Many investors combine MIS with Senior Citizen Savings Scheme or Post Office Term Deposits to build a diversified, risk-free income plan.
Conclusion: The Post Office MIS Scheme is a reliable financial tool for anyone seeking a fixed monthly income, but it is important to understand the real returns. A ₹5 lakh deposit does not generate ₹11,000 a month under current interest rates. Investors should calculate their expected income using official MIS rules to avoid misinformation and make informed financial decisions.
Disclaimer: Interest rates and limits are subject to government updates. Investors should check the latest official notification before depositing funds.
