Post Office Monthly Income Scheme (POMIS)

iAbout This Scheme

POMIS is a 5-year deposit scheme that provides a fixed monthly income to investors. At the current rate of 7.4% per annum, it is ideal for retired persons and those seeking regular income. The maximum investment limit is ₹9 lakh for individual accounts and ₹15 lakh for joint accounts.

🎁Key Benefits

• Monthly interest payout at 7.4% per annum
• Maximum deposit ₹9 lakh (individual) and ₹15 lakh (joint)
• 5-year tenure with maturity principal returned
• Premature withdrawal allowed after 1 year with penalty
• No TDS deducted on interest
• Nomination facility available

✅Eligibility Criteria

• 1
  Any resident Indian adult
• 2
  Joint account (up to 3 adults) allowed

📝How to Apply

❓Frequently Asked Questions