I Want Monthly Income
Whether you need a monthly pension post-retirement, supplemental household income, or regular returns from a lump sum, use this decision guide to structure guaranteed monthly cash flow.
5-Question Pre-Investment Evaluation Checklist
Answer these 4 fundamental questions before locking your money into any scheme.
Do you already have at least 6 months of essential expenses in a liquid emergency fund?
Before committing money to 5-year or 15-year locked-in deposits like PPF or NSC, ensure you hold liquid cash for sudden medical or job loss emergencies.
Will you need access to this principal capital within the next 5 years?
If you need this money for a short-term milestone (wedding, car, house downpayment), avoid 5-year lock-in products and choose a Bank FD Ladder.
Do you require monthly or quarterly interest payouts to pay living expenses?
If you need regular cash flow, choose SCSS (8.2% quarterly) or POMIS (7.4% monthly) rather than compounding schemes like PPF or KVP.
Are you trying to claim Income Tax deductions under Section 80C (Old Tax Regime)?
Section 80C allows deducting up to ₹1,50,000 from taxable income using PPF, NSC, SSY, or 5-Year Bank Tax Saver FDs.
Frequently Asked Questions
Which scheme gives the highest monthly income safely in India?
For senior citizens (60+), the Senior Citizens Savings Scheme (SCSS) gives 8.2% p.a. paid quarterly. For all ages, Post Office Monthly Income Scheme (POMIS) offers 7.4% p.a. paid monthly, backed 100% by the Government of India.
How much monthly income can I get from ₹15 Lakh in POMIS?
At a 7.4% p.a. interest rate, a joint POMIS account with ₹15 Lakh generates ₹9,250 every month guaranteed for 5 years.