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News India Live, Digital Desk: If you want a certain income every month and are looking for a safe investment option, then the post office monthly income plan (Pomis) There can be a great option for you. It is a safe scheme supported by the Government of India, which gives you a guaranteed monthly return. Currently, this scheme is getting 7.4% annual interest rate, which is paid to you every month.

Mathematics of investment limit and interest:

This scheme is very good for those who want to invest safe places after their retirement or for regular monthly income. Its maturity period is 5 years.

• Investment in single account:

  • If you maximum in single account 9 lakh rupees If you invest, then you 5,550 rupees every month You will get interest of

  • In this way, you have a total of five years (60 months) Rs 3,33,000 Will get interest of.

• Investment in joint account:

  • If you maximum in joint account 15 lakh rupees If you invest, then you 9,250 rupees every month You will get interest of

  • Total in five years 5,55,000 rupees The interest of will come in your pocket.

  • (The figure of Rs 22,497 given in the article here may be in the context of some more schemes, but according to POMIS rules, monthly interest on 15 lakhs is made only Rs 9,250. The above calculation is according to the current rules.)

The main features of pomis:

• Safe investment: This is the plan of the Government of India, so your investment is completely safe.

• Regular monthly income: You get interest money directly on the fixed date every month in your savings account.

• Maturity period: You can withdraw your original amount after 5 years of opening an account.

• Who can open an account: Any Indian citizen can open a single or joint account. Minors above 10 years can also open an account in their name (which their parents will handle).

• Tax: The interest received from Pomis is taxable, that is, it will be added to your total income and it will be taxed according to the tax slab applied. There is no benefit of tax exemption under Section 80C.

Premature withdrawal: Premature withdrawal:

• Before 1 year: Money cannot be withdrawn within 1 year of opening an account.

• Between 1 and 3 years: If you withdraw money between 1 and 3 years, then your deposit will be deducted by 2% and the remaining amount will be refunded.

• After 3 years: If you withdraw money after 3 years but before the maturity period of 5 years, then your deposit will be cut by 1%.

Overall, the Post Office Monthly Income Scheme is a reliable and attractive option for those who want regular and secure returns on their investment.

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