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The Post Office Monthly Income Scheme (MIS) offers a safe investment for guaranteed monthly income. Joint accounts with ₹15 lakh can earn ₹9,250 per month at 7.4% interest, totaling ₹5.55 lakh over five years. Premature withdrawal before maturity attracts penalties—2% if withdrawn within 1–3 years, 1% within 3–5 years. Anyone