Unlock a Steady Income with Post Office Monthly Income Scheme
Looking for a reliable source of monthly income? The Post Office Monthly Income Scheme (POMIS) offers attractive interest rates and government security, making it a smart choice for financial stability. Here’s a quick look at what MIS has to offer:
Key Features:
- Investment Range: Rs 1,000 to Rs 9 lakhs (single account) and Rs 15 lakhs (joint account)
- 5-year maturity period
- Interest Rate: 7.4%
Calculate Your Monthly Income:
Use this simple formula to estimate your monthly earnings:
Monthly Income = Deposit Amount × Interest Rate / 12
- For Rs 5 lakhs, earn Rs 3,083.33 per month
- For Rs 9 lakhs, get Rs 5,550 monthly
- Earn Rs 9,250 every month on an investment of Rs 15 lakhs
With secure returns fixed for 5 years, POMIS is ideal for a stable income stream. Check out the scheme’s details and consult experts for investment advice before diving in!
Disclaimer: The views mentioned in this report are solely of the author. Readers are encouraged to seek professional advice before making investment decisions.