![]() Though it offers no tax incentives, it is a preferred instrument amongst small savers for the government backing that this product offers. ![]() The main objective of the POMIS is to provide an assured monthly return to account holders and help them create a guaranteed regular income. Once you make the deposit you get the interest payout each month from the date of making the investment, not from the start of the month. Currently, one earns a 7.8 per cent interest per year on the deposit, which is paid every month and hence the name ‘monthly income scheme’. On the deposit that you make with the post office, you get an assured monthly income. The Post Office Monthly Income Scheme (POMIS) is a guaranteed-return investment available at the post office.
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