Post Office Monthly Income Scheme: Get Rs 5,550 Monthly, Know How to Invest
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News18•30-01-2026, 16:09
Post Office Monthly Income Scheme: Get Rs 5,550 Monthly, Know How to Invest
- •The Post Office Monthly Income Scheme (POMIS) is a popular savings scheme offering guaranteed returns and safety.
- •It provides a fixed monthly income, making it ideal for retirees and those seeking stable returns.
- •The scheme offers an attractive interest rate of 7.4% per annum.
- •Investment limits are up to Rs. 9 lakhs for a single account and Rs. 15 lakhs for a joint account.
- •The maturity period for POMIS is 5 years, with interest credited monthly; tax is applicable on interest earned.
Why It Matters: POMIS offers a secure investment with a 7.4% interest rate, providing a fixed monthly income for 5 years.
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