What is a post office monthly income scheme?

The post office monthly income scheme (POMIS), as the name suggests, is a scheme that provides monthly income (currently at 8 per cent p.a) to investors.

10 Dec 2008

The post office monthly income scheme (POMIS), as the name suggests, is a scheme that provides monthly income (currently at 8 per cent p.a) to investors. It offers the investors with an option to exit after the completion of 12 months from the investment date with a penalty.



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