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.
Overview of Post Office Monthly Income Scheme
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.