INCOME TAX7 Sept 2026
₹30 lakh investment: FD vs SCSS vs Post Office MIS—which offers the highest monthly income? | Mint
If you have ₹30 lakh for safe returns, compare SCSS, FD, and Post Office MIS. SCSS pays 8.2% annually—₹2.46 lakh yearly, or ₹20,500 a month—but only senior citizens qualify. MIS gives 7.4%, yet the limit is ₹15 lakh per account, so two accounts earn about ₹18,500 monthly. FD returns depend on your bank. So SCSS looks best if eligible.
Key Statutory Highlights
- SCSS offers 8.2% interest, generating about ₹20,500 per month from a ₹30 lakh investment, though interest is paid quarterly and it is only for senior citizens.
- Post Office MIS pays 7.4%, but the maximum joint deposit is ₹15 lakh, so two eligible accounts can give roughly ₹18,500 monthly.
- SCSS wins this ₹30 lakh comparison for eligible investors, while FD returns vary by bank and scheme details.
Actionable Advice for Taxpayers / Founders:Before choosing, check the latest interest rates, eligibility, deposit limits and tax treatment from official sources, and compare liquidity and lock-in periods—not just the headline monthly income.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: