India Post is the government operated postal system of India. Post Office is the most reliable place to make investment in India.
Post office offers Post Office Monthly Income Scheme (POMIS) among other banking products and services, under the governance of the Finance Ministry. It is highly reliable. It is a low-risk scheme and generates a steady income.
Post Office is still one of the largest banking service providers in the country. The Post Office Monthly Income Scheme (POMIS) is not well-known among investors in the urban parts of the country.
Post Office Time Deposit (POTD) is more suitable for those individuals who are highly conservative about the safety and risk involved in fixed deposits. At times, post office time deposits provide higher interest rates as compared to bank fixed deposit.
The Post Office Time Deposit (POTD) is also known as ‘post office fixed deposit’ or ‘post office term deposit’. It is a convenient alternative to the fixed deposits provided by banks.