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Post Office Monthly Income Scheme (POMIS), read on to understand eligibility, tax implications, and other related benefits on a stable income -providing scheme with a 5-year lock-in, with a maximum limit of Rs 9 lakhs. What are Monthly Income Scheme ? A monthly income scheme or MIS is a financial deposit that requires the investor to first pool the money with the lender, and then earn returns, which are shared every month. It is an investment with monthly returns, thereby acting as a steady source of income . Best Fixed Monthly Income Investment Plans India’s investment environment provides a wide range of choices for Monthly Income options. Each scheme has its unique set of features and returns, and it is ... Guaranteed~ Income for you and spouse. 1% extra Annuity for buying online .T&C apply. Get guaranteed~ lifelong income for you and spouse with a single premium. T&C apply A Monthly Income Scheme (MIS) is an investment scheme that ensures the investor guaranteed returns at a certain interest rate. Understand its features, benefits, types, tax implications, and more.
