Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
POMIS is a government savings scheme offering a fixed monthly interest payout on a lump-sum deposit, with a 5-year lock-in, through India Post.
Deposit a lump sum with the post office and get a fixed monthly interest payout for 5 years.
Interest rate is notified quarterly by the government; deposit limits apply per account type (single/joint), and premature withdrawal before a year is not allowed.
Depositing ₹9 lakh in a joint POMIS account generates a fixed monthly interest payout for 5 years at the notified rate.
Deposit a lump sum with the post office and get a fixed monthly interest payout for 5 years.
Post Office Monthly Income Scheme (POMIS) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.