Monthly income scheme: Post Office Monthly Income Scheme

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. Safe, secure, and guaranteed returns with Axis Max Life’s in-built life cover. Double your peace of mind with Axis Max Life ULIP Plans offering savings and protection. What are Monthly Income Schemes? A monthly income scheme is an investment plan that provides a steady stream of income regularly. You invest a fixed sum regularly over a specified period. This money accumulates and grows over time. After the maturity of the plan , you receive the returns as a fixed, monthly income for a predetermined period of time. One such scheme is a life insurance plan with a monthly income option. Learn about monthly income plan (MIP), a mutual fund scheme that provides regular income and capital appreciation. Compare the performance, returns, and features of 6 best MIP funds in India for FY 24-25.