Monthly income scheme|Post office Monthly Income scheme| comparison of post office MIS vs SBI MIS

In this video explain about the monthly income scheme of both sbi and post office, we can get clear idea which scheme provide highest interest rate .

The State Bank of India (SBI) Monthly Income Scheme is a fixed deposit plan that provides investors with a regular monthly income. Investors deposit a lump sum for a specific tenure, and the interest earned is disbursed monthly. This scheme is ideal for individuals seeking a steady income stream from their savings, such as retirees or those looking to supplement their monthly earnings. SBI offers competitive interest rates and the security of banking with a trusted institution.

The Post Office Monthly Income Scheme (POMIS) is a popular investment option in India that offers a fixed monthly income. It is a low-risk savings scheme backed by the government, making it a secure choice for conservative investors. Investors deposit a lump sum amount, which earns a fixed interest, paid out monthly. POMIS is especially favored by retirees and those looking for a steady, reliable source of income.

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