Max: ₹9,00,000
₹1,000₹4,50,000₹9,00,000
INTEREST RATE
7.4% p.a.
TENURE
5 Years

Guaranteed Monthly Income

₹5,550

Credited every month • Government Backed

Total Investment₹9,00,000
Total Interest (5 Years)+₹3,33,000
Maturity Amount₹9,00,000

Premature Closure Penalty

Choose the year you want to close the account

No Penalty at Maturity — Full principal returned.
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What is POMIS?

The Post Office Monthly Income Scheme (POMIS) is a safe, government-backed savings scheme that provides a guaranteed monthly income. It is ideal for senior citizens, retirees, and conservative investors who want steady cash flow without market risk.

Key Features & Benefits

  • Interest Rate: Currently 7.4% p.a., paid monthly.
  • Investment Limits: ₹9 Lakhs for single account, ₹15 Lakhs for joint account (up to 3 adults).
  • Tenure: Fixed 5-year lock-in period.
  • Capital Safety: 100% guaranteed by the Government of India.
  • Taxation: Interest is fully taxable as “Income from Other Sources”. No TDS by Post Office.

POMIS Income Matrix (at 7.4%)

InvestmentMonthly IncomeTotal Interest (5 Years)
₹1,00,000₹617₹37,000
₹5,00,000₹3,083₹1,85,000
₹9,00,000 (Max Single)₹5,550₹3,33,000
₹15,00,000 (Max Joint)₹9,250₹5,55,000
Frequently Asked Questions

Any resident Indian adult can open a POMIS account. Minors above 10 years can operate it themselves. NRIs and HUFs are not eligible.

Fincado Research Team
Reviewed

This content is prepared and reviewed using RBI circulars, official lender disclosures, and current Indian tax references. Numbers are educational estimates, not personalized advice.

Last Reviewed

Apr 2026

Method

Source cross-check and periodic QA

Risk Notice

Actual outcomes can vary by borrower profile, bank policy, market conditions, and future rule changes. Validate important decisions with a certified professional.

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