Post Office Monthly Income Scheme (POMIS) is an investment option that ensures that the investor would receive guaranteed monthly payment based on the investment amount made. MIS is said to be one of the safest options to invest funds.
The prominent features of every MIS are:
- Under the MIS scheme the capital invested remains intact with no risk attached for non-return.
- Under MIS scheme the investor is to receive ensured amount of monthly return.
- The return rates are comparatively