Post Office Monthly Income Scheme Calculator
Calculate your monthly income from the Post Office Monthly Income Scheme (POMIS), a government-backed savings scheme in India that provides guaranteed monthly returns on your investment.
Investment Details
Income Summary
Monthly Income
Maturity Value
| Year | Monthly Income | Annual Income | Cumulative Income | Balance (Principal) |
|---|---|---|---|---|
| Click "Calculate" to see payment schedule | ||||
POMIS Interest Rate History
| Period | Interest Rate | Monthly Income per ₹1 Lakh |
|---|---|---|
| Q4 2025-26 (Jan-Mar 2026) | 7.40% | ₹617 |
| Q3 2025-26 (Oct-Dec 2025) | 7.40% | ₹617 |
| Q2 2025-26 (Jul-Sep 2025) | 7.40% | ₹617 |
| Q1 2025-26 (Apr-Jun 2025) | 7.40% | ₹617 |
| Q4 2024-25 (Jan-Mar 2025) | 7.40% | ₹617 |
| Q3 2024-25 (Oct-Dec 2024) | 7.40% | ₹617 |
| Q1 2023-24 | 7.10% | ₹592 |
| Q4 2022-23 | 6.60% | ₹550 |
| Q1 2022-23 | 6.60% | ₹550 |
What is Post Office Monthly Income Scheme (POMIS)?
The Post Office Monthly Income Scheme (POMIS) is a government-backed savings scheme offered by India Post. It provides investors with a guaranteed monthly income through regular interest payments. POMIS is particularly popular among retirees and conservative investors who seek stable, risk-free returns on their savings.
As a small savings scheme backed by the Government of India, POMIS offers sovereign guarantee, making it one of the safest investment options available. The scheme provides monthly interest payments, making it ideal for those who need regular income to meet their monthly expenses.
- Government-backed with sovereign guarantee
- Fixed monthly income from your investment
- 5-year lock-in period with premature withdrawal options
- Maximum investment: ₹9 lakh (individual) / ₹15 lakh (joint)
- Minimum investment: ₹1,000 (multiples of ₹1,000)
- Interest rate: 7.4% per annum (as of 2025-26)
POMIS Features at a Glance
Government Backed
Sovereign guarantee ensures your investment is completely safe
Monthly Income
Regular monthly interest payments to your linked account
5-Year Lock-in
Fixed maturity period with early withdrawal penalties
Capital Protection
Full principal returned at maturity
How to Calculate POMIS Monthly Income
The monthly income from POMIS is calculated using a simple interest formula:
Monthly Income = (Principal × Rate) / (12 × 100)
Where:
Principal = Investment amount (in ₹)
Rate = Annual interest rate (%)
Example:
For ₹4,50,000 at 7.4% interest:
Monthly Income = (4,50,000 × 7.4) / (12 × 100)
Monthly Income = 33,30,000 / 1,200
Monthly Income = ₹2,775
Investment Limits
| Account Type | Minimum | Maximum |
|---|---|---|
| Individual Account | ₹1,000 | ₹9,00,000 |
| Joint Account (2 holders) | ₹1,000 | ₹15,00,000 |
| Joint Account (3 holders) | ₹1,000 | ₹15,00,000 |
Note: An individual can have multiple POMIS accounts, but the total across all accounts cannot exceed the maximum limit of ₹9 lakh for individual accounts.
Eligibility Criteria
- Resident Indians: Only resident Indians can open POMIS accounts
- Age: Any adult (18 years or above) can open an account
- Minors: Account can be opened for minors above 10 years (in their own name)
- Joint Account: Up to 3 adults can open a joint account
- NRIs: Not eligible to open new POMIS accounts
How to Open a POMIS Account
- Identity Proof (Aadhaar, PAN, Passport, Voter ID)
- Address Proof (Aadhaar, Utility Bill, Bank Statement)
- Passport-size photographs
- Account Opening Form (available at Post Office)
- Initial deposit amount (minimum ₹1,000)
Steps to Open Account
- Visit your nearest Post Office with required documents
- Fill the POMIS account opening form
- Submit documents and complete KYC verification
- Make the initial deposit
- Link a savings account for monthly interest credit
- Receive your passbook
Interest Payment
Interest is calculated on a monthly basis and credited to your linked Post Office Savings Account or can be withdrawn in cash. Key points about interest payment:
- Payment Date: Interest is payable from the date of deposit
- Payment Mode: Auto-credit to linked savings account or cash withdrawal
- First Payment: After completion of one month from deposit
- Unclaimed Interest: If not withdrawn, interest doesn't earn additional interest
Premature Withdrawal Rules
- Before 1 year: No withdrawal allowed
- 1-3 years: 2% deduction from principal
- 3-5 years: 1% deduction from principal
- After 5 years: Full principal returned with no penalty
Tax Implications
Understanding the tax treatment of POMIS is important for effective financial planning:
- Interest Income: Fully taxable as per your income tax slab
- TDS: No TDS is deducted on POMIS interest
- Section 80C: Investment in POMIS does NOT qualify for 80C deduction
- Reporting: Interest income must be declared in ITR
POMIS vs Other Investment Options
| Feature | POMIS | Bank FD | SCSS | PPF |
|---|---|---|---|---|
| Interest Rate | 7.4% | 6-7% | 8.2% | 7.1% |
| Lock-in Period | 5 years | Flexible | 5 years | 15 years |
| Monthly Income | Yes | Optional | Quarterly | No |
| Tax Benefit | No | No | 80C | EEE |
| Max Investment | ₹9 lakh | No limit | ₹30 lakh | ₹1.5 lakh/year |
| Guarantee | Government | ₹5 lakh (DICGC) | Government | Government |
Benefits of POMIS
- Guaranteed Returns: Fixed interest rate protects against market volatility
- Regular Income: Monthly payments help manage household expenses
- Capital Safety: Government backing ensures your principal is safe
- Simple Process: Easy to open and maintain at any Post Office
- Nomination Facility: Nominate beneficiaries for seamless transfer
- Transfer Facility: Account can be transferred between Post Offices
Limitations of POMIS
- No tax benefits under Section 80C
- Interest is fully taxable
- 5-year lock-in period with penalties for early withdrawal
- Maximum investment limit caps potential income
- Interest rates can change quarterly (new deposits only)
- Not available to NRIs
Tips for POMIS Investors
- Link your POMIS to a Post Office Savings Account for automatic interest credit
- Consider opening joint accounts to maximize investment limits
- Reinvest the monthly income in other schemes for wealth building
- Keep track of maturity dates to reinvest or withdraw on time
- Declare POMIS interest in your income tax return