The Post Office Monthly Income Scheme (POMIS) is a popular savings scheme in India that provides a secure investment option with fixed monthly returns. This government-backed scheme is ideal for individuals looking for stable and assured income, particularly retirees and conservative investors. The scheme ensures risk-free returns and is available at all post offices across India.
The Post Office Monthly Income Scheme (POMIS) is a fixed-income investment scheme offered by India Post. It allows individuals to deposit a lump sum amount and receive guaranteed monthly interest payouts. The scheme is designed to cater to risk-averse investors who seek regular income with low risk.
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To open a POMIS account, individuals need to provide the following documents:
Passport-size Photographs
Duly Filled Application Form (available at the post office)
Initial Deposit Cheque or Cash
The interest rate for POMIS is subject to change quarterly, based on government notifications. As of 2025, the interest rate is 7.4% per annum, paid monthly.
Opening a Post Office Monthly Income Scheme account is simple. Follow these steps:
Go to any post office in India and collect the POMIS application form.
Provide all the necessary details, including nominee information, and attach the required documents.
Deposit the investment amount via cheque or cash, adhering to the minimum and maximum deposit limits.
Submit the completed application form along with the required documents to the post office official.
Once you activate the account, the post office will issue a POMIS passbook containing your investment details.
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To open a POMIS account, individuals must meet the following eligibility criteria:
| Feature | POMIS | Post Office Savings Account | Post Office Recurring Deposit | Post Office Time Deposit |
| Interest Rate | 7.4% p.a. (2025) | 4% p.a. | 5.8% p.a. | 6.7%-7.5% p.a |
| Tenure | 5 years | No fixed tenure | 5 years | 1, 2, 3, or 5 years |
| Payout Frequency | Monthly | Quarterly | Quarterly | Annually |
| Tax Benefit | No tax benefit | No tax benefit | No tax benefit | 5-year deposits are eligible under 80C |
The Post Office Monthly Income Scheme (POMIS) is an excellent investment option for individuals looking for a stable and risk-free monthly income. With attractive interest rates, government backing, and easy accessibility, POMIS is ideal for retirees and conservative investors. By offering assured monthly returns, it ensures financial security and peace of mind. Before investing, individuals should assess their financial goals and consider reinvestment options upon maturity.
Yes, individuals can open multiple accounts, but the total deposit limit should not exceed ₹9 lakh (single account) or ₹15 lakh (joint account).
Yes, the interest earned is taxable but is not subject to TDS.
Yes, you can transfer your POMIS account to another post office anywhere in India.
Yes, minors above 10 years can open a POMIS account under the supervision of a guardian.
No, NRIs are not eligible to invest in POMIS.
Early withdrawal incurs penalties: 2% deduction (1-3 years), 1% deduction (3-5 years).
Yes, the matured amount can be reinvested in POMIS or other post office schemes.
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