In today’s era, everyone wants to have money. In view of rising inflation and uncertain future, people need a source of regular income.
Post Office Monthly Income Scheme (POMIS) is a great scheme that can solve this problem of yours by providing you regular income.
In this article, we will tell you how the POMIS scheme works, how much you should invest in it, and how much returns you can get.
What is POMIS scheme?
POMIS, or Post Office Monthly Income Scheme, is a small savings scheme run by the Government of India.
This scheme is run for senior citizens and general citizens.
In this scheme you can invest money for 5 years like fixed deposit.
How to invest in POMIS scheme?
To invest in POMIS scheme, you have to visit your nearest post office.
You have to fill an application form along with the required documents.
Required documents include:**
Aadhar card
PAN card
address proof
Two passport size photographs
How much should one invest in POMIS scheme?
The minimum investment in POMIS scheme is ₹1000.
You can invest up to a maximum of ₹9 lakh.
How much return will you get in POMIS scheme?
In POMIS scheme you are given an annual interest of 7.4%.
This means that if you invest ₹1 lakh, you will get interest of ₹617 every month.
Benefits of POMIS Scheme:
Regular Income: POMIS scheme provides you regular income.
Security: POMIS scheme is supported by the Government of India.
Tax Benefits: You also get tax benefits in POMIS scheme.
Flexibility: POMIS scheme has flexibility in the amount and tenure of investment.
Important information about POMIS Scheme:
You can open a single or joint account in the POMIS scheme.
The minimum tenure in POMIS scheme is 5 years.
The amount you deposit in POMIS scheme
