Post office scheme

Post office savings schemes are very popular across the country, especially among poor and middle class families. The main reason for this is stable and fixed returns with safe investment. One of these is the post office Monthly Income Scheme (POMIS), in which interest money starts from just one month after investing. This monthly amount on a single account can be up to a maximum of Rs 5,500.

What is Pomis?

Pomis is a special monthly income scheme, which is available only through the post office. Under this scheme, investors get a fixed amount every month according to 7.4% annual interest rate.

Pomis special things

• Minimum investment: Rs 1,000
• Maximum investment: Rs 9 lakh for single account, Rs 15 lakh for joint account
• Interest payment starts after one month of investment
• Plan duration: 5 years
• Principal + Back Back on Maturity (Maturity)

How to get 5,500 rupees every month?

If a single account holder invests a maximum of Rs 9 lakh, then he will get Rs 5,500 every month at an interest rate of 7.4%. At the same time, this amount will be Rs 9,250 per month by investing a maximum of Rs 15 lakh in a joint account. Investors can take the amount of interest monthly, quarterly, half or annually. On completion of 5 years, the principal and the remaining interest is returned simultaneously.

Post offices across the country are not only known for postal services, but the savings schemes available here are also very popular among the people. Especially poor and middle class families prefer to invest in post office schemes, because they get the government's guarantee, stable interest rate and complete security of capital. In this scheme, you have Sukanya Samriddhi Yojana, Public Provident Fund, Senior Citizen Savings Scheme, Kisan Vikas Patra, National Savings Certificate and Recursing Deposit, in which you get the option of safe investment with best returns.