What is the Post Office Monthly Income Scheme?
POMIS is a five-year small-savings scheme in which interest is payable monthly. It may be useful to people who want to estimate periodic income from a lump-sum deposit. Check the latest official eligibility and account rules before opening an account.
POMIS interest rate for October to December 2026
The Post Office Monthly Income Scheme offers 7.4% per annum for the October–December 2026 quarter. The rate is subject to future government notifications. Check the latest Department of Economic Affairs notification before making a deposit or relying on this rate for future income planning.
POMIS deposit limits
The published scheme limits are generally ₹9,00,000 for a single account and ₹15,00,000 for a joint account. Deposits are subject to scheme-specific account rules. Confirm the currently applicable limits and eligibility with India Post or an authorised post office before opening an account.
How to calculate monthly POMIS income
Enter the proposed deposit amount and select the single or joint account type in the GovtSave calculator. At an illustrative annual rate of 7.4%, a deposit of ₹1,00,000 corresponds to approximately ₹617 per month before any applicable tax considerations. The actual credited amount depends on the official rate and scheme rules.
What is the POMIS tenure?
The scheme has a five-year account term. Before investing, consider when you may need the principal, as early closure is subject to the prescribed scheme conditions and may involve a deduction. Verify the current premature-closure rules with the account provider.
Is POMIS monthly income guaranteed?
The scheme operates under government-prescribed rules, but future scheme rates and rules can change for new accounts or later investment periods. The calculator uses stated assumptions and is not an official payout quotation. Confirm the applicable terms with India Post.
POMIS versus SCSS and PPF
POMIS provides monthly interest payments, SCSS is designed for eligible senior citizens and generally pays interest quarterly, while PPF is intended for long-term savings. Compare eligibility, payment frequency, deposit limits, access to funds and tenure instead of looking at the interest rate alone.
Frequently asked questions about POMIS
The monthly payout is based on the deposited amount and applicable scheme rate. Interest is payable monthly, and the original deposit is handled according to the scheme's maturity and closure rules. Confirm current terms, tax treatment and eligibility from official sources before making a financial decision.
Official POMIS information
Consult India Post's official savings-schemes information for the latest published interest rate, deposit limits, account conditions and payment rules. Recheck the relevant government notification whenever rates are revised.
Official information
Check current scheme terms, eligibility and applicable rates using the relevant official source before making decisions.
Visit official sourceGovtSave is an independent educational platform, not an official government website. Calculations are illustrative estimates and are not personalised financial advice. Verify current scheme rules with official sources.