Post Office Monthly Income Scheme is one of the popular investment options in India among seasoned investors, a scheme where-in an investor can invest a certain amount of money and can earn a fixed interest amount each month.
It is strung with the benefit of the sovereign guarantee, meaning the investment is government-backed, under the purview of the Finance Ministry.
Therefore, it is a safer investment, highly reliable, low risk, and a steady income option as compared to equity shares and other different fixed-income options available in the market.