While the Monthly Income Plans of Post Office and Mutual Funds have been discussed well, the aspect regarding Tax exemptions/liability of each plan has not been indicated. Coverage of this aspect would have more helpful.
Dear sir/Madam, The article is very informative i like it.Can you pl write us this intrest 8% is taxble or taxfree, post office monthly income account scheme POMIA.
Dear Readers, Even after withdrawal of Bonus of 10% on maturity to POMIS scheme, still the scheme is attractive, secured investment guaranteed by GOI. I suggest that those who want monthly income they may choose POMIS account for guaranted monthly income. Venkat Loganathan
Pkl. Feb 17, 2006. Going over the expert investment advice by the columnist It is difficult to believe that prospects in coming yrs. to come for vulnerable seniors are very rosy. First their aversion to risks and very little amount of funds at their disposal ,as also having no state supported Pension makes their life increasingly distressful,due to ever greater pressure of market inflation and service-charges while the fall in the accruals on small investments are being slashed, latest being the end of PO-MIS withdrawal of 10% bonus at the end of 6-yrs. period after Feb 13,last. It appears that life in the globalized market economy is going to be harsh for elders in the sunset years D.Goel
