How much monthly income can ₹9 lakh earn in Post office MIS vs FD?

An investment of ₹9 lakh in the Post Office Monthly Income Scheme (MIS) at the current 7.4% annual interest rate generates ₹5,550 monthly before tax. A bank fixed deposit (FD) offering an illustrative 6.5% annual rate yields ₹4,875 monthly, subject to payout calculations, Livemint reported. At these assumed rates, MIS provides ₹675 more monthly, translating to ₹8,100 annually before tax.