If you are searching for a good capital gain with a safe investment prospect, then Post Office Monthly Income Scheme (POMIS) could be your last stop. Yes, aside from providing mails, post office offers a slew of services that entails sale of forms, utility bill collection, lucrative savings plans, life insurance covers etc. Usually, people tend to park their funds in fixed deposits and in other mortgage investments policies. But POMIS assures you better perks compared any other similar financial product. Savings Policies offered by Post Offices are hassle free and risk free as there is no touch of equity in them. This policy serves to be a perfect option, particularly if you are a retired government employee or a senior citizen as it fetches home a fixed monthly income just like your pension. It is secure and risk free and ensures guaranteed return.
Let us take a look at the tax benefits and other features you can avail from this scheme.