New Delhi, Oct. 17 -- In the current difficult-to-predict geopolitical environment, equity markets in India have underperformed over the last few years. This brings focus to fixed-income instruments such as small savings schemes and bank fixed deposits.

Now, investing Rs.9 lakh in a Post Office Monthly Income Scheme (MIS) or a bank fixed deposit (FD) can help an individual generate regular income without facing market-linked volatility.

This regular income will be generated while keeping the principal out of market-linked investments. Still, the monthly income will ultimately depend on the interest rate and payout terms.

Furthermore, at the current Post Office MIS interest rate of 7.4%, an investment of Rs.9 lakh earns Rs.5,550 a month...