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Calculate your guaranteed monthly income from the Post Office Monthly Income Scheme.
Max limit: ₹9 Lakh
Current POMIS interest rate is 7.4% p.a.
Monthly Income
Guaranteed for 60 months
Total Interest Earned
Over 5 years
Maturity Amount
Principal returned at end
By investing ₹5,00,000, you secure a fixed monthly payout of ₹3,083 for the next 5 years.
Over the 5-year tenure, you will earn a total interest of ₹1,85,000, and your original principal will be fully refunded at maturity.
Tax Tip: The monthly interest is taxable, but there is no TDS deducted by the Post Office. You must declare it under "Income from Other Sources".
The Post Office Monthly Income Scheme (POMIS) is one of the most reliable and risk-free investment options in India, backed by the Ministry of Finance. It is specifically designed for investors seeking a steady, guaranteed regular income.
While POMIS is meant for a 5-year lock-in, emergencies happen. The Post Office allows premature withdrawal with the following penalties:
| Time of Closure | Penalty Deducted |
|---|---|
| Before 1 Year | Not Allowed |
| 1 Year to 3 Years | 2% of the principal amount |
| 3 Years to 5 Years | 1% of the principal amount |
POMIS is a popular savings scheme backed by the Government of India. It allows investors to deposit a lump sum amount and receive a guaranteed fixed monthly income in the form of interest for a tenure of 5 years.
The maximum investment limit is ₹9 Lakh for a single account and ₹15 Lakh for a joint account (up to 3 adults). The minimum investment required is ₹1,000.
The interest rate is reviewed quarterly by the government. Currently, it is 7.4% per annum, payable monthly. The rate at which you open the account remains fixed for your entire 5-year tenure.
Yes, but with penalties. You cannot withdraw before 1 year. If closed between 1 to 3 years, a 2% penalty is deducted from the principal. If closed between 3 to 5 years, a 1% penalty is deducted.
Yes, the monthly interest earned from POMIS is fully taxable as per your income tax slab. However, there is no TDS (Tax Deducted at Source) on the interest payouts.