Not a Pensioner? Still, this Post Office Scheme can fetch you Rs 40 lakh

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Posted by AI on 2025-09-08 08:29:54 | Last Updated by AI on 2025-09-08 11:31:03

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If you are not eligible for a government pension, there is still a handy Post Office investment scheme that can give you a handsome return, an annual interest rate of 7.1%, and at the same time offer tax breaks.

The Post Office Savings Scheme, popularly known as the POMIS (Post Office Monthly Income Scheme), has an interesting feature that makes it accessible even to those who are not government retirees. It requires a minimum deposit of Rs 500, while the maximum annual limit is Rs 1.5 lakh, making it accessible even to those with modest incomes. And if you are looking for a secure investment that can give you an attractive return, this is an option you may want to consider.

For example, if you invest Rs 12,500 per month in POMIS, you will get an annual interest rate of 7.1%, which means you can earn about Rs 40 lakh on maturity along with the initial deposit of Rs 25 lakh. If you are a moderate investor with a low risk appetite, this can be a good option for you. The interest rate is not market-linked and is announced annually. The period of investment can be from 1 to 5 years.

This story is based on a report on NDTV.com.

exacerbated by the fact that even if you deposit money in a savings account, you will earn only 3-4% interest, which is lower than the rate of inflation. Experts say equity investments are the best way to beat inflation over the long term. However, if you cannot take on high risk, you should invest in secure investments like POMIS.

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