Kochi: Investors typically seek high returns along with the safety of their principal. A lesser-known scheme offered through post offices aims to provide both. Under the Post Office Monthly Income Scheme (MIS), an investment held for five years can yield up to ₹9,250 per month, offering assured returns with a high level of security.

This is a one-time investment scheme in which individuals can invest up to ₹9 lakh, while a joint account, held by up to three adults, can invest up to ₹15 lakh.

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A joint investment of ₹15 lakh yields a monthly return of ₹9,250, amounting to ₹1.11 lakh annually. For an individual investing the maximum ₹9 lakh, the monthly return is ₹5,550, totalling ₹66,600 per year. One of the key attractions of the scheme is that the invested amount is returned in full after five years.

To be eligible, the investor must be an Indian citizen. The accounts can be opened individually or jointly, and a guardian can also open an account on behalf of a minor or a person with mental disability.

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The scheme also offers flexibility in withdrawals. One year after the account's opening date, the account holder may close the account and withdraw the investment. However, if the monthly interest is not claimed, it does not earn any additional interest. The interest amount can be automatically credited to a post office savings account or directly to the investor’s bank account.

Although investments in stocks or mutual funds may offer higher returns, this scheme is particularly attractive for its low risk. The returns are assured, and the principal remains safe, making it a dependable option for conservative investors.