Earn ₹9,250 monthly through the Post Office Monthly Income Account:Scheme offers 7.4% annual interest with a 5-year lock-in

The government has kept the interest rates on small savings schemes unchanged for the October–December quarter (Q3FY26). This means you will continue to earn the same interest as before. If you are looking for a regular monthly income before or after retirement, the Post Office National Savings Monthly Income Account could be a good option. The scheme offers an annual interest of 7.4%, with a five-year lock-in. Subscribers can earn a monthly income of ₹9,250 on a ₹15 lakh investment in a joint account. Know More About the Scheme: What is Post Office Monthly Income Scheme? The Post Office Monthly Income Account is a small savings scheme, a type of term deposit, backed by the government, and is designed to deliver a risk-free, fixed monthly income. This scheme is especially beneficial for retirees, senior citizens, and those who want to avoid risks. Scheme offers a regular monthly income of up to ₹9,250 Under this scheme, the annual interest is evenly distributed across 12 months and paid monthly. If you choose not to withdraw it every month, the interest amount will remain in your account. However, the interest will be calculated solely on the principal amount; the interest portion itself will not earn additional interest. For example, suppose you invest ₹9 lakh in the scheme, you will earn an annual interest of ₹66,600 at a rate of 7.4% annually. However, if you invest ₹15 lakh under a joint account, you will earn ₹1,11000 in annual interest. If this amount is divided equally over 12 months, you will receive ₹9,250 monthly. If the returns are not withdrawn, you will also earn an interest on that amount. Note: This calculation is an estimate. The government reviews the interest rates on small savings schemes every 3 months. Invested Money will be Returned After 5 Years The scheme has a five-year maturity period. This means that upon completion of the scheme, your entire deposited capital will be returned to you. However, if you wish, you can reinvest this money in the same scheme to continue receiving the monthly income. Who Can Open the Account his account can be opened by an adult individual, jointly by up to three adults, or in the name of a minor. A minor aged 10 years or above can also open an account under the supervision of a parent or guardian. Aadhaar-PAN Mandatory to Open An Account The central government has made PAN and Aadhaar cards mandatory for investments in the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, National Savings Monthly Income Account, and other post office savings schemes. It is, hence, mandatory to provide an Aadhaar number or Aadhaar enrollment slip to open an account in these schemes. How Can You Open the National Savings Monthly Income Account?