If you want a guaranteed monthly income without the risks of the stock market, away from the fluctuations, the Post Office's Monthly Income Scheme is an excellent option. By investing a lump sum, you can earn a fixed income of up to ₹9,250 per month at an annual interest rate of 7.4%. Your entire deposit is safely returned upon maturity in 5 years.

If you want a fixed monthly income without any risk, the Post Office Monthly Income Account (POMIS) is the perfect place for you. The government offers an excellent annual interest rate of 7.4%. Most importantly, whether the stock market rises or falls, your earnings will remain unaffected. Your money will be safe with a 100% government guarantee.

If you open a joint account with your wife or someone else and deposit ₹15 lakh in one lump sum, the annual interest rate at 7.4% would be ₹111,000. Divide this amount over 12 months, and you'll receive a full ₹9,250 per month. Meanwhile, if you invest ₹9 lakh alone, you'll still earn ₹66,600 in interest annually.

You have to deposit your money in this scheme for 5 years. But don't worry, once the five-year period is over, you will receive your entire deposit (principal) back in full. After this, you can either take the money home, or you can reinvest in the same scheme after five years and restart your monthly salary.

This scheme is for every ordinary Indian who wants a safe investment. You can open a single account, or up to three people can operate a joint account. Furthermore, if you have a child over the age of 10, parents can also open an account in their child's name, under their care, and lay the foundation for their future.

Opening an account is very easy. All you need to do is visit your nearest post office and open a regular savings account. Keep in mind that, according to new government regulations, you must have your PAN card and Aadhaar card.

 PC: TV9Bharatvarsh