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4. Post Office Monthly Income Scheme
Post Office Monthly Income Schemes (MIS) a moderate-risk monthly income plan where a small sum is invested every month along with the payment of interest. It additionally creates a regular income as funds invested is protected till the maturity period as this scheme is an initiative of the Government of India.
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10 Best Saving Plans and Schemes for a Secure Future
Post Office Monthly Income Scheme: It is a low-risk monthly income scheme where a small amount is invested, and interest is paid monthly. It also generates a steady income while the money invested is completely safe until it matures since the Government sponsors the scheme. You can either withdraw the amount or invest again in the scheme after the maturity period is reached.