POMIS Interest Rate 2023 : Post Office Monthly Income Scheme is one of the biggest government investment schemes. Investors of all age groups prefer to invest in this scheme as it is a great option for guaranteed fixed income. On investing in this post office scheme, money gets deposited in the investor’s savings account every month!

POMIS Interest Rate 2023

POMIS Interest Rate 2023

Another advantage of this Post Office Monthly Income Scheme (Post Office Monthly Income Scheme) is that one you are getting guaranteed returns every month, you are getting a fixed income, secondly your principal i.e. principal will be safe in the government scheme. And when your investment matures in five years, you will also get back your entire principal amount. Contact the Post Office to take advantage of the POMIS scheme!

How to double the money in Post Office Monthly Income Scheme?

You can get double the interest on your savings account. You can earn more on this by opening a recurring deposit from the interest you get every month under the Post Office Monthly Income Scheme. One year RD earns 6.9% interest every quarter, ie you get interest on interest, ie profit on profit. This means that if you have invested Rs 4.5 lakh in the Post Office Monthly Scheme, then on maturity you will not only get interest under this scheme, but also the interest of Recurring Deposit investment, ie double benefit!

Post Office Monthly Income Scheme Calculator : POMIS Interest Rate 2023

5 lakh investment (principal) + [3,083 (हर महीने अर्जित ब्याज) x 60 महीने] = 6,84,980

(5,00,000 + 1,84,980 interest)

Recurring Deposit (at 6.9% interest) for 60 months (5 years)

3,083 per month for 60 months i.e. 3,083 x 60 = 1,84,980

1,84,980 + 36,204 (Interest Earning) = 2,21, 184

Tenure and rules of Post Office Monthly Income Scheme

The duration of Post Office Monthly Income Scheme is 5 years! No deposit amount can be withdrawn before one year from the date of deposit. If the account is closed after one year but before three years! So 2% of the principal will be deducted and the balance will be paid. If the MIS account is closed after three years! So 1% of the deposit amount will be deducted and the balance amount will be paid.

These Saving Schemes also give more interest

Let us tell you that in the savings schemes of the Post Office! Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY) accounts, Kisan Vikas Patra (KVP), Post Office Monthly Income Scheme and more! Post Office Recurring Deposit (RD) schemes are included!

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