Latest interest rate of Post Office Monthly Income Scheme (POMIS) for January -March 2025The government revises interest rates of Post Office Monthly Income Scheme along with other small savings schemes every quarter. Read our s...
23 Jan, 2025, 05.36 PM IST
Post Office Monthly Income Scheme interest rate: What is the POMIS interest rate for the October-December 2024 quarter?Capital protection is one of this scheme's primary advantages, which makes it a safe option for savings. The principal can be withdrawn at ...
16 Oct, 2024, 01.04 PM IST
Top four investment options for senior citizens for monthly income during retirement, earn up to 9.5% returnSenior citizen investment options: Below, you'll find a compilation of four investment opportunities tailored for senior citizens to help t...
21 Aug, 2024, 12.09 PM IST
Earn 7.4% interest on Post Office Monthly Income Scheme; do you get tax benefits for investing in POMIS?Post Office Monthly Income Scheme: India Post offers a range of investment opportunities, including the Post Office Monthly Income Scheme (...
01 Mar, 2024, 10.59 AM IST
Top 5 investment options that can help senior citizens earn monthly income during retirementRetirement planning: Here are few investment options for the retired to provide for their monthly household expenses.
08 Sep, 2023, 10.53 AM IST
How SBI Annuity Deposit Scheme scores against SCSS, POMIS and LIC annuity schemeSBI Annuity Deposit Scheme offers a good way to generate high regular monthly income. This product appears attractive, especially to senior...
02 May, 2023, 03.53 PM IST
Post office Monthly Income Scheme investment limit hiked up to Rs 15 lakh: Notification issued by govtThe government announced a hike in investment limit under Post Office Monthly Income Scheme (PO MIS) in Budget 2023. The investment limit w...
03 Apr, 2023, 05.26 PM IST
Three changes in post office schemes from April 1, 2023Here are the changes if you are an individual who has invested in the Senior Citizen Savings Scheme (SCSS) or the Post Office Monthly Incom...
27 Mar, 2023, 04.36 PM IST
Post Office Monthly Income Scheme higher investment limit from April 1, 2023: How to open POMIS account, interest rateThe current interest rate is 7.1% for the January-March 2023 quarter. The minimum investment is Rs 1000, and multiples of Rs 1000 are permi...
22 Mar, 2023, 06.37 PM IST
Post Office Monthly Income Scheme's limit enhanced to Rs 9 lakh for individuals in Union Budget 2023To open an MIS account, a person has to visit a post office and fill up a common account opening form.
16 Mar, 2023, 11.41 AM IST
Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS. The deposit limit in the Senior Citizens’ Saving Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) has been doubled, allowi...
08 Feb, 2023, 11.22 AM IST
Earn 6.6% interest on Post Office Monthly Income Scheme; Check eligibility, taxation, other details hereInvestors in the post office's monthly income scheme can earn up to 6.6 percent annual interest each month. A POMIS account can be formed i...
25 Mar, 2022, 12.23 PM IST
Investment options for a retiree to generate regular incomeMost retirees look for guaranteed, tax-free returns. Once they find out that there are not many tax-free instruments available in the count...
26 Oct, 2021, 10.18 AM IST
How should a retiree invest Rs 3 lakh to generate monthly income?You can invest in Pradhan Mantri Vaya Vandana Yojna (PMVVY), which is open till 31 March 2020. The scheme earns an annual interest of 8%, p...
04 Dec, 2019, 09.52 AM IST
Should I redeem my dividend paying mutual funds and invest in FDs?It is not advisable to rely on equity or balanced mutual fund schemes to earn regular income. Neither quantum nor frequency of dividends fr...
22 Oct, 2018, 06.30 AM IST
Where should a retiree invest for a monthly income?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
17 Jan, 2018, 04.56 PM IST
Why defence personnel should look beyond Senior Citizens Saving Scheme and what are the alternativesThe minimum age limit for investing in SCSS for retired defence personnel (excluding civilian defence employees) has now been fixed at 50 y...
02 Nov, 2017, 12.45 PM IST