Post office monthly income scheme 2025: If you are also looking for an investment option that gives you a fixed income every month, then Post Office Monthly Income Scheme (POMIS) can be a better option. This is a government-backed small savings scheme that gives 100% security and guaranteed returns.
What is Post Office Monthly Income Scheme?
POMIS is a fixed return investment scheme in which you invest money once and get a fixed amount in the form of interest every month. This scheme is best for those people who want safe and assured return of their savings, like retirees or fixed income seekers.
Income every month at 7.4% interest rate!
Post Office Monthly Income Scheme is currently getting an annual interest rate of 7.4%. You can invest a maximum of ₹9 lakh in a single account and up to ₹15 lakh in a joint account. Interest is calculated yearly but payment is made every month.
Who can open a POMIS Account?
A joint account (maximum 3 people) can also be opened.
A guardian account can be opened for a minor.
A minor above 10 years can open an account in his own name.
How to deposit money in POMIS?
The minimum deposit starts from ₹1000 and you can invest in multiples of ₹1000.
You can invest up to ₹9 lakh in a single account and up to ₹15 lakh in a joint account.
All holders have equal share in a joint account.
How do you get interest?
The 7.4% annual interest given in POMIS is divided over 12 months and is credited to your account every month. If you do not withdraw that interest, it will keep getting added to your post office savings account and you will get interest on that too.
How much money will I get every month?
| Investment | Interest Rate | Annual Interest | Monthly Interest |
|---|---|---|---|
| ₹15 lakh (Joint Account) | 7.4% | ₹1,11,000 | ₹9,250 |
| ₹9 lakh (Single Account) | 7.4% | ₹66,600 | ₹5,550 |
What will happen after maturity?
The maturity period of POMIS is 5 years. After 5 years, if you want, you can extend the scheme with a new interest rate or you can get your entire investment back.
Rules for closing the scheme (Premature Closure)
The account cannot be closed before 1 year.
On closing the account after 1-3 years, 2% principal amount will be deducted.
On closing the account after 3-5 years, 1% principal amount will be deducted.
To close the account, you will have to submit an application and passbook at the post office.
Is POMIS better than FD?
POMIS is better than Bank FD because:
✔ It is Government-backed, so it is risk-free.
✔ You get fixed income every month.
✔ It has better interest rates than Bank FD.
If you also want a safe and steady income, then POMIS can be a good investment option!
