By Jitendra Jangid- Friends, as we know that human life is full of uncertainties, where anything can happen at any time, in such a situation we should always be prepared for the future, especially from the financial point of view, one such scheme is Post Office Monthly Income Scheme (POMIS) is a great option for those individuals who want a stable and secure source of income. It not only offers attractive interest rates, let's know the complete details about it-

Monthly income guarantee

This scheme provides a fixed monthly income in the form of interest payments.

Ideal for retirees or anyone who wants stable returns.

Attractive interest rate

Currently offers an interest rate of 7.4% per annum to be paid monthly.

Flexible investment range

Minimum investment: ₹1,000

Maximum investment for a single account: ₹9 lakh

For a joint account (up to 3 people): ₹15 lakh

Example of returns

If you invest ₹15 lakh in a joint account:

At 7.4% interest, you will earn around ₹1.11 lakh annually

This is around ₹9,250 per month in fixed income

Five-year lock-in period

Your investment will be locked for 5 years.

After maturity, you can withdraw the amount or reinvest it.

Easy to open an account

Just visit your nearest post office to open an account.

Minimal documentation and hassle-free process.