Post Office Monthly Income Scheme (POMIS)-a authorities small financial savings scheme by the federal government, offers a chance to earn each month. By investing on this scheme, you possibly can earn a hard and fast quantity each month.
Under this scheme, you possibly can open a single or joint account and deposit a lump sum and you may earn cash primarily based on the investments. The plan is for five years and its maturity interval is 5 years.
Also, there’s a 100% assure of presidency safety on your funding and any Indian citizen can spend money on the Post Office Monthly Income Scheme.
To open an account underneath this scheme, it’s essential to have a financial savings account within the put up workplace. For this, you’ll have to present ID proof. For this, you’ll have to present an Aadhaar Card, Voter ID, DL or Passport, and so forth. Along with this, additionally, you will want 2 passport measurement images.
A most of Rs 4.5 lakh will be invested in a single rely, whereas a most of Rs 9 lakh will be invested in a joint account. There can be 3 adults in a joint account as an alternative of two, however the funding restrict is just Rs 9 lakhs.
The authorities has mounted an annual rate of interest of 6.6 % for the put up workplace month-to-month revenue scheme for the present quarter.
