Post Office MIS: Earn ₹9,250/Month as a Couple?

The Post Office Monthly Income Scheme lets couples pool money into a joint account and earn guaranteed monthly interest for 5 years. At 7.4% per year, two people can invest up to ₹15 lakh together and pocket over ₹9,000 every month — no market risk.

Here's what happened: The Post Office Monthly Income Scheme (MIS) currently offers 7.4% per annum interest, paid out every month for a 5-year tenure — one of the highest guaranteed monthly-income products available outside market-linked instruments.. Individual investors can deposit up to ₹9 lakh; a joint account (maximum 3 holders) allows up to ₹15 lakh — meaning a couple can strategically split investments across accounts to maximise total eligible corpus.. The scheme requires a one-time lump sum deposit with a minimum of ₹1,000; the principal is returned in full at maturity after 5 years, making it a capital-safe option for conservative savers..

What you should do: Visit your nearest Post Office with Aadhaar, PAN, and a passport photo to open both an individual MIS account (up to ₹9 lakh) and a joint MIS account (up to ₹15 lakh) to maximise the household income limit.. Link your MIS account to a Post Office savings account so monthly interest is credited automatically — you can then set a standing instruction to sweep this to your primary bank account each month.. Declare MIS interest income in your ITR under 'Income from Other Sources' every financial year — since no TDS is deducted, missing this can trigger a notice from the Income Tax Department..

If your spouse is in a lower income tax slab (say 5% vs your 20%), deposit a larger share in their individual MIS account — same guaranteed return, smaller tax bill for the household.

For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.