n NISM Certifications
X NISM Series X
Medium

The maximum investment permitted under the Post Office Monthly Income Scheme (POMIS) in a joint account is Rs. 15 lakhs, allowing higher deposits in joint holdings compared to single accounts.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 5 lakhs

  2. B

    Rs. 9 lakhs

  3. C

    Rs. 12 lakhs

  4. Rs. 15 lakhs

    Correct answer

Why this is the answer

The maximum limit in a joint POMIS account is Rs. 15 lakhs, allowing larger investments collectively.

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