If you want returns better than a FD and zero risk, Post Office Monthly Income Scheme (POMIS) is currently giving 7.4% interest Vs 7% by mainstream bank FDs for a period of 5 years. Secondly in this post office scheme, interest is paid monthly into your account. So if you need fixed monthly income, it’s a good option. Also there is no TDS here but of course you will still need to pay taxes. The only negative side of this scheme is you need to lock your money for 5 years to avoid premature charges. I feel the Indian post office is underrated, do you agree? Let me know your views in the comments. #shortsviral #rahuljain #rahuljainfinance