What is the maximum investment limit for a single account in the Post Office Monthly Income Scheme (POMIS)? Option: "Rs. 5 Lakhs", "Rs. 9 Lakhs", "Rs. 15 Lakhs", "Rs. 1 Lakh"

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What is the maximum investment limit for a single account in the Post Office Monthly Income Scheme (POMIS)?

"Rs. 5 Lakhs"

"Rs. 9 Lakhs"

"Rs. 15 Lakhs"

"Rs. 1 Lakh"

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What is the minimum amount required to open a Post Office Monthly Income Scheme (POMIS) account?

"Rs. 5000"

"Rs. 100"

"Rs. 1000"

"Rs. 500"

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What is the interest rate for the Post Office Monthly Income Scheme (POMIS) as of January 1, 2024?

"6.60%"

"7.40%"

"7.10%"

"7.70%"

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What is the lock-in period for investments in the Post Office Monthly Income Scheme (POMIS)?

"1 year"

"5 years"

"3 years"

"7 years"

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What is the key benefit of investing in the Post Office Monthly Income Scheme (POMIS)?

"Monthly disbursement of interest"

"All of the above"

"Sovereign guarantee, making it a safe investment"

"High returns compared to equity shares"

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Can a non-resident Indian (NRI) open a Post Office Monthly Income Scheme (POMIS) account?

"Only if they have a resident Indian co-applicant"

"No"

"Only for specific types of NRIs"

"Yes"