Post Office MIS
1. Post Office Monthly Income Scheme (POMIS):
POMIS is a savings scheme offered by India Post, the postal department of the Government of India. It provides a fixed monthly income to investors who deposit a lump sum amount for a fixed period.
2. Distinctive Benefits of the Post Office Monthly Income Scheme (MIS):
Steady Monthly Income:
POMIS provides a fixed and steady monthly income to investors. The interest is paid out monthly, making it suitable for those looking for a regular income stream.
Low Risk:
POMIS is recognized a low-risk investment option because it is supported by the government of India. The principal amount invested is secure, and the interest rate is fixed.
Guaranteed Returns:
The interest rate on POMIS is fixed at the time of investment and remains constant for the entire tenure. This provides investors with a clear idea of the returns they can expect.
Ease of Investment:
Investing in POMIS is simple and can be done at any post office. The minimum investment amount is relatively low, making it accessible to a wide range of investors.