n NISM Certifications
X NISM Series X
Medium

The maximum permissible investment under the Post Office Monthly Income Scheme (POMIS) for a single account is Rs. 9 lakhs, allowing for higher deposits in joint accounts.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 3.5 lakhs

  2. B

    Rs 4.5 lakhs

  3. C

    Rs 5 lakhs

  4. Rs 9 lakhs

    Correct answer

Why this is the answer

Single account investments are capped at Rs. 9 lakhs under POMIS, with joint accounts allowing up to Rs. 15 lakhs.

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