Generate Monthly Income With POMIS: Get All The Details | Paisa Live

If you invest in the stock market, your portfolio might experience fluctuations, leading to potential losses. In such cases, the Post Office Monthly Income Scheme (POMIS) offers a risk-free return, providing a stable monthly income. With POMIS, you can deposit up to ₹9 lakh in a single account or ₹15 lakh in a joint account for five years. Currently, the scheme offers an interest rate of 7.4%. For example, if you deposit ₹5 lakh, you could earn around ₹3,850 per month. A ₹7 lakh deposit would yield approximately ₹4,317 monthly. Depositing ₹9 lakh can bring in about ₹5,550 per month. For ₹12 lakh, you’ll need a joint account and can earn up to ₹7,400 monthly. A ₹15 lakh joint deposit could generate up to ₹9,250 per month.