Friday, March 16th, 2018

 

Post Office Monthly Income Scheme

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There are no income tax benefits available for investing in the Post Office Monthly Income Scheme. Post Office Monthly Income Scheme or POMIS is a popular investment scheme wherein an individual invests a particular amount and gets an assured monthly income in the form of interest. Under the Post Office MIS scheme, the interest payable on a monthly basis commencing from the date of deposit is deposited in your post office savings account. There are no income tax benefits available for investing in the Post Office Monthly Income Scheme. ThisRead More