Post Office Monthly Investment Scheme (POMIS) is one of the best investment options for regular income offered by India Post. POMIS offers assured returns and the scheme is backed by the Government of India. Under this scheme, you can make an investment of up to Rs. 4.5 lakh in a POMIS account. The tenure of this investment is 5 years and it offers an interest rate of 6.6% p.a. as of Q2 2022.

Being a government-backed scheme, it is one of the safest options to avail of regular income. You can start investing in POMIS with a low minimum investment of Rs. 1500.

A fixed deposit monthly income plan can be the right option for individuals who want to receive guaranteed regular income on a monthly, quarterly or annual basis. It is a type of term deposit where the interest earned is credited back to the investor’s account periodically i.e. monthly, quarterly or annually.

While returns from this investment are assured, the rate of return can vary based on multiple factors like the bank chosen, age of investor, deposit tenure, etc. Many banks also provide the option of overdraft on these fixed deposits which can provide much-needed access to cash during a financial emergency.

Senior Citizen Savings Scheme or SCSS was introduced by the government of India to provide regular post-retirement income to individuals above the age of 60 years. An SCSS account can be opened in any of the certified post offices or banks across India. The tenure for this scheme is 5 years which can be further extended by 3 years post-maturity. This investment offers guaranteed returns and is ideal for risk-averse senior citizens and as of Q2 2022, the interest rate of the SCSS scheme is 7.6% p.a., which is among the highest in India.

Eligible investors can start investing in SCSS with an amount as low as Rs. 1000, and the maximum limit is Rs. 15 lakhs. In addition to being a safe monthly investment plan for senior citizens, it is a long-term savings option to secure post-retirement finances.

Government bonds are relatively low-risk investments and are suitable for individuals looking for income over a long-term such as 15 to 20 years. Investing in government bonds along with other investment schemes can be a smart way to ensure a regular flow of income even though unlike other monthly income plans discussed above, bond pay outs usually occurs on a quarterly or bi-annual basis.

Government bonds are issued by the Government of India which results in low risk to the investor’s money. This investment option can be ideal for individuals who fall under the higher income tax bracket of 30% and are looking for a safe & secure monthly investment plan.

This is the most significant advantage of a monthly investment plan. It is a great incentive for people invest their savings during their working years to financially secure their life after retirement.

Discipline is the most important aspect when it comes to investing. People usually start investing with enthusiasm but fail to keep it up over time. Instead of investing your money all at once, you can invest smaller amounts every month, to create a large retirement corpus. This is easier to achieve without having to stress your finances..