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9 lakh in Post Office MIS vs 9 lakh in bank FD: Which gives a higher monthly income?

A 9 lakh investment in Post Office MIS earns 5,550 monthly at 7.4% interest, compared with an indicative 4,875 from a bank FD at 6.5%. Compare monthly income, tenure, other rules and tax implications before investing. Seek professional guidance before investing to ensure a beneficial investment.