Saving money

Senior Citizen Fixed Deposit (FD) Interest Rates

Some private sector banks (SBM, RBL, Bandhan, and IndusInd Bank) and small finance banks (such as AU Small Finance Bank, Jana Small Finance Bank, Suryoday Small Finance Bank, and Ujjivan Bank) provide senior citizens Fixed Deposit with an interest rate of 8.00% per annum or more. In such a case, if you are a senior…

Post Office Monthly Income Scheme (POMIS)

POMIS Account Opening Procedure – Post Office

The Post Office Monthly Income Scheme (POMIS) is a savings scheme offered by the Indian Postal Service, which provides a fixed and regular monthly income to investors for a period of five years. Here are the steps to open a POMIS account: Step 1: Visit the nearest Post Office To open a POMIS account, investors…

Post Office Monthly Income Scheme (POMIS)

Features of POMIS – Post Office

The Post Office Monthly Income Scheme (POMIS) is a popular savings scheme offered by the Indian Postal Service. It has several features that make it an attractive investment option for those looking for a regular source of income. Some of the key features of POMIS are: Regular Monthly Income: POMIS provides a fixed and regular…

Post Office Monthly Income Scheme (POMIS)

Post Office Monthly Income Scheme (POMIS)

Post Office Monthly Income Scheme (POMIS) is a popular savings scheme offered by the Indian Postal Service. It is a low-risk investment option that provides regular monthly income to investors, making it an attractive choice for those looking for a stable and safe investment. POMIS is designed to provide a regular source of income to…