n NISM Certifications
X NISM Series X
Medium

Which statement about the Post Office Monthly Income Scheme (POMIS) is correct?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Minimum investment Rs. 2000

    Correct answer

  2. B

    Only one account can be opened

  3. C

    Withdrawals are allowed before one year

  4. D

    Term is 6 years

Why this is the answer

The scheme allows a minimum deposit of Rs. 1000 (in multiples of Rs. 100), and withdrawals before one year are not permitted; it has a fixed maturity period of 5 years.

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