Post Office Monthly Income Scheme:

The Post Office Monthly Income Scheme (POMIS) is one of the most trusted small savings plans offered by the Indian government. It allows investors to deposit a lump sum amount once and receive a fixed monthly income in return. This scheme is especially useful for retired employees, senior citizens, and homemakers who want a regular income without worrying about market fluctuations.

Post Office Monthly Income Scheme:

Under this scheme, the investment is completely safe because it is backed by the Government of India. There is no market risk, making it a perfect option for people seeking a low-risk investment with steady returns. The Post Office manages this scheme, ensuring transparency and security for all depositors.

Anyone can start investing in POMIS with just ₹1,000. The maximum limit for a single account is ₹9 lakh, while for a joint account, it goes up to ₹15 lakh. This flexibility makes it easy for both individuals and families to benefit. Joint accounts also help increase monthly earnings, making it suitable for households that depend on fixed income.

Currently, the interest rate for POMIS is 7.4% per annum. For example, if you invest ₹5 lakh, you will receive around ₹3,083 per month. Similarly, a ₹9 lakh investment can earn about ₹5,550 every month. The interest is credited directly into your Post Office savings account, providing convenient access to funds every month.

The scheme tenure is five years, after which investors can withdraw the full amount or reinvest it. Since it offers fixed returns with zero risk, many people see it as a better option than other volatile market-linked investments.

In short, the Post Office Monthly Income Scheme is a secure and simple way to ensure monthly earnings. It is a great choice for anyone who wants peace of mind and financial stability with government-backed assurance.

ALSO READ: Why Personal Loan Application Can Be Rejected Despite High Credit Score

Share

• 
• 
• 
• 
• 
•