POMIS- Features and Benefits of Post Office Monthly Income Scheme

Shoonya26 Dec, 2023Finance

Are you searching for safer ways to invest and, thus, grow your money? You must consider the Post Office Monthly Income Scheme (POMIS). It is a safe monthly income scheme in the post office, which is backed by the Indian Finance Ministry. The Post Office Depository provides various savings schemes featuring fixed interest rates. One of the most lucrative options is the Post Office Monthly Income Scheme, boasting an interest rate of 7.4%, alongside other schemes like the Post Office Recurring Deposit, Post Office Savings Account and Post Office Time Deposit.