Post Office Monthly Income Scheme : If you are worried about your monthly income after your retirement and want your savings to be safe, then the Post Office Monthly Income Scheme (POMIS) can be a great option for you. This is a scheme in which you have to invest once, and then every month you get a fixed amount as monthly income. The most special thing about this scheme is that it is a government scheme, due to which the risk of investment is very low.
You will get good returns with 7.4% interest
If you want to make your future secure and want some extra monthly income, then investing in the Post Office Monthly Income Scheme can be a great solution. In this, you get an interest rate of 7.4%, which is more than the FD or RD schemes of any other bank. After investing once under this scheme, you keep getting a monthly income every month. This scheme is going to give low-risk and safe returns, which proves to be excellent for income after retirement.
Who should open a POMIS account?
If you are 18 years or older, you can open a POMIS (Post Office Monthly Income Scheme) account. You can open this account both single and joint. The minimum investment amount in this scheme is ₹ 1,000, while the maximum investment amount has been fixed at ₹ 9 lakh for a single account and ₹ 15 lakh for a joint account.
If there is a minor in your house and he is 10 years or older, then a POMIS account can also be opened in his name. When he turns 18, the account will be transferred to his name. In this way, this scheme is suitable for both children and adults.
How to get income every month—understand with an example.
Suppose you invest Rs 9 lakh. If you get 7.4% interest on this investment, then you will get an interest of about ₹ 5,550 every month. This means that you will continue to get a monthly income of ₹ 5,000 every month for 5 years.
This scheme is best suited for those who want to invest with stable income and low risk. For example, if you invest ₹ 9 lakh, then after 5 years you will get a total interest of ₹ 3,33,000, which will be a good monthly income for you.
Ideal scheme for safe and stable returns
POMIS (Post Office Monthly Income Scheme) is ideal for those who want stable returns and secure income on their investments. In this scheme, you can get monthly income every month by investing your investment amount once. Along with this, the risk of this investment is very low due to the guarantee of the government.
If you want a fixed and secure monthly income, then POMIS can be a great scheme for you. This scheme offers a complete package of low investment, safe returns, and monthly income.
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