The Post Office Monthly Income Scheme (POMIS) is one of India’s most trusted and stable investment options, especially for individuals seeking guaranteed monthly income with minimal risk. This scheme is Recognized and regulated by the Ministry of Finance of Government of India.
In this detailed article, we will discuss everything you need to know about the Post Office Monthly Income Scheme — including features, benefits, interest rates, eligibility, investment limits, documents required, and the complete application process
Post Office Monthly Income Scheme(POMIS) 2026 – Overview
| Particulars | Details |
|---|---|
| Scheme Name | Post Office Monthly Income Scheme(POMIS) |
| Authority | Ministry of Finance, Government of India |
| Scheme Type | Monthly Income on Investment with low risk |
| Benefits | Monthly Payout |
| Interest Rate | 7.4% |
| Maturity Period | 5 Years |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | – Single Account: ₹4,50,000 – Joint Account: ₹15,00,000 – Minor Account: ₹9,00,000 |
| Beneficiaries | Individuals (18+) and Minors of 10 Years through Guardians |
| Eligibility | Indian Citizens |
| Application Mode | Offline |
| Documents Required | ID proof, Address proof, Photos, Application form |
| Important Link | Indian Post Office Website |
Purpose of the Post Office Monthly Income Scheme (POMIS)
The primary purpose of the Post Office Monthly Income Scheme (POMIS) is to provide individuals—especially risk‑averse investors—with a safe, stable, and guaranteed source of monthly income. Designed and backed by the Government of India, the scheme aims to support citizens who prefer predictable returns without exposure to market fluctuations
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Key Features of Post Office Monthly Income Scheme(POMIS)
The scheme comes with several investor‑friendly features:
1. Government‑Backed Security
Since the scheme is backed by the Government of India, the investment is completely safe, making it suitable for conservative investors.
2. Monthly Withdrawal
Investors can withdraw the monthly interest. If you invest ₹1,00,000 at 6.6% interest, you will receive ₹550 per month
3. Fixed Tenure of 5 Years
The maturity period of POMIS is 5 years. After maturity, investors can withdraw the amount or reinvest it.
4. Flexible Account Holding
- Minimum 1 and maximum 3 individuals can open a joint account.
- Joint accounts allow higher investment limits.
5. Nomination Facility
Investors can nominate a beneficiary at the time of account opening or add one later. After the investor’s demise, the nominee receives all benefits.
6. Account Transfer Facility
POMIS accounts can be transferred from one post office to another anywhere in India.
7. Bonus (Only for Old Accounts)
Accounts opened before 1st December 2011 are eligible for a 5% bonus on maturity. New accounts do not receive this bonus.
8. No TDS or Tax Deduction
Income from POMIS is not subject to TDS, although it is taxable as per the investor’s income slab
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Benefits of the Post Office Monthly Income Scheme
The scheme offers multiple advantages that make it a reliable investment option:
1. Capital Protection
Your deposited amount remains safe throughout the tenure since the scheme is government‑backed.
2. Low‑Risk Investment
Unlike market‑linked instruments, POMIS carries zero market risk, ensuring stable returns.
3. Regular Monthly Income
Investors receive interest every month, making it ideal for:
- Senior citizens
- Homemakers
- Individuals with irregular income
- Retirees seeking pension‑like income
4. Affordable Investment
The minimum deposit amount is just ₹1,000, making it accessible to all income groups.
5. Inflation‑Resistant Income
Even during inflation, investors continue receiving fixed monthly payouts.
6. Easy Transactions
Deposits and withdrawals are simple and can be done at any post office.
7. Suitable for Joint Investments
Joint accounts allow higher investment limits and shared ownership
Current Interest Rates Under POMIS
As per the official page, the interest rates vary based on the tenure of investment:
| Duration | Interest Rate |
|---|---|
| 1 Year | 5.50% |
| 2 Years | 5.50% |
| 3 Years | 5.50% |
| 5 Years | 7.6% |
The 5‑year tenure offers the highest return, making it the most preferred option
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Investment Limits Under POMIS
The scheme offers different investment limits based on the type of account:
1. Single Account
- Minimum: ₹1,000
- Maximum: ₹9,00,000
2. Joint Account (Up to 3 Holders)
- Minimum: ₹1,000
- Maximum: ₹15,00,000
3. Minor Account
- Minimum: ₹1,000
- Maximum: ₹3,00,000
Parents or guardians can open an account for minors aged 10 years or above. Once the minor turns 18, they must apply to convert the account to their own name
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Eligibility Criteria of POMIS Scheme
To open a POMIS account, the applicant must meet the following conditions:
- Must be a citizen of India
- Must be residing in India
- Must be 18 years or older
Minors aged 10 years or above can have an account opened on their behalf.
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Who Cannot Apply?
- Non‑Resident Indians (NRIs) are not eligible for this scheme
Documents Required
Applicants must submit the following documents at the post office:
- Proof of Identity (Aadhaar, PAN, Passport, Voter ID, Driving License)
- Proof of Address (Aadhaar, utility bill, etc.)
- Passport‑size photographs
- Duly filled POMIS application form
- Original documents for verification
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How to Apply for the Post Office Monthly Income Scheme
Follow these steps to open a POMIS account:
Step 1: Open a Post Office Savings Account
If you don’t already have one, open a savings account at your nearest post office.
Step 2: Get the POMIS Application Form
You can collect the form from the post office or download it from the official India Post website.
Step 3: Fill Out the Form
Provide details such as:
- Name
- Date of Birth
- Address
- Nominee details
- Investment amount
Step 4: Submit Documents
Attach self‑attested copies of identity and address proof. Carry originals for verification.
Step 5: Make the Initial Deposit
Deposit the minimum required amount (₹1,000 or more) via cash or cheque.
Step 6: Account Activation
Once processed, your POMIS account becomes active, and you start receiving monthly interest.
Why POMIS is a Great Choice for Risk‑Averse Investors
The Post Office Monthly Income Scheme is ideal for individuals who prioritize safety, stability, and regular income over high‑risk, high‑return investments. Its government backing, fixed interest rate, and predictable monthly payouts make it a dependable financial tool for long‑term planning.
Whether you are a senior citizen looking for a pension‑like income or a young investor seeking a safe investment avenue, POMIS offers a balanced combination of security and steady returns
FAQs
What is the Post Office Monthly Income Scheme (POMIS)?
POMIS is a government‑backed savings scheme that provides investors with a fixed monthly income through interest payouts. It is designed for individuals who prefer safe, low‑risk investments with predictable returns.
What is the current interest rate under POMIS?
The scheme currently offers an interest rate of 6.6%, which is paid out monthly to the investor’s linked post office savings account.
What is the maturity period of Post Office Monthly Income Scheme (POMIS)?
The maturity period of POMIS is 5 years. After maturity, investors can withdraw or reinvest the amount.
Who can open a POMIS account?
Any Indian citizen aged 18 or above can open an account. Minors aged 10 years or older can also have an account opened on their behalf by a guardian.
What is the minimum and maximum investment limit of POMIS Scheme?
Minimum deposit: ₹1,500
Maximum deposit: Single account: ₹4,50,000; Joint account (up to 3 holders):₹9,00,000; Minor account: ₹3,00,000
Can I transfer my POMIS account to another post office?
Yes. The scheme allows free transfer of accounts between any post offices across India.
How much monthly income will I receive investing through POMIS?
If you invest ₹1,00,000 at 6.6% interest, you will receive ₹550 per month
Can I withdraw the my deposit before maturity?
Yes, you can withdraw the deposits after 1 year from the date of opening of such account
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