Unmute
financemanyu
--
Followers
--
Likes
Abhimanyu Singh Dabi | Finance
Follow
Opening
a
POMIS
account
is
not
as
tedious
as
you
think.
Instead
of
imagining
long
queues
and
even
longer
paperwork
⏩please
take
a
look
at
the
step-by-step
procedure.
⏩Open
a
post
office
savings
account,
if
you
haven’t
already.
Collect
a
POMIS
application
form
from
your
Post
Office.
Submit
the
duly
filled
form
along
with
a
photocopy
of
your
ID
and
residential
proofs
and
2
passport-size
photos
at
the
Post
Office.
⏩
Do
carry
the
originals
for
verification.
⏩Get
the
signatures
of
your
witness
or
nominee(s)
on
the
form.
Make
the
initial
deposit
via
cash
or
cheque.
In
the
case
of
a
post-dated
cheque,
the
date
on
the
cheque
will
be
the
account
opening
date.
Once
the
processing
is
done,
the
executive
at
Post
Office
will
provide
you
with
the
details
of
your
newly
opened
account.
Important
points.
⏩The
lock-in
period
for
Post
Office
MIS
is
5
years.
You
can
withdraw
the
invested
amount
when
the
scheme
matures
or
reinvest
it.
⏩You
earn
income
in
the
form
of
interest
every
month.
The
returns
are
not
inflation-beating
but
are
higher
compared
to
other
fixed-income
investments
like
FD.
⏩Your
investment
is
not
covered
under
Section
80C;
TDS
is
not
applicable
either.
⏩You
can
open
a
joint
account
with
2
or
3
people.
In
this
case,
an
aggregate
sum
of
up
to
Rs.15
lakhs
can
be
invested
in
this
account.
Save
this
reel
for
later
✔️
and
follow
@financemanyu
for
more
#monthlyincomescheme
#postoffice
#passiveincome
#personalfinance
#passiveincomeideas
#Money
#MoneyMatters
#HipiMoney
#HipiFinance
#HipiFunds
#FinancialTips
#HipiFinance
#FinanceonHipi
719
Copy Link
IN THIS VIDEO
WISHLIST
