I have some money with me arond 5L. I want to invest that money in such a way so that I can get monthly income. I searched on internet and I came to know if we invest in POMIS we can get 8.4% annually. however my query is that can we get that interest amount on our bank account? as per post office website they have mentioned that you can get it in post office account ( not sure of this ).
Request you to please guide me on this.