Post Office Monthly Income POMIS Calculator

Calculate your guaranteed monthly income from the Post Office Monthly Income Scheme (POMIS) under the latest rules.

Updated Limits (9L / 15L) Monthly Payout Tracker

Investment Details

₹
₹1 Thousand ₹9 Lakh (Max Limit)
%
1% 15%
Yrs

POMIS has a strictly fixed standard tenure of 5 years.

Monthly Payout

₹0

Total Interest (5 Yrs)

₹0

Maturity Amount

₹0

Investment vs Returns

Principal: 0%
Interest: 0%

What is the Post Office Monthly Income Scheme (POMIS)?

The Post Office Monthly Income Scheme (POMIS) is a low-risk, government-backed savings scheme in India that provides a guaranteed regular monthly income. It is highly favored by conservative investors and retirees who want to protect their capital while generating a steady cash flow independent of market volatility.

Key Features & Rules (2026)

Taxability of POMIS

Unlike many other small savings schemes (like PPF or SCSS), the Post Office Monthly Income Scheme does not offer any Section 80C tax benefits for the principal amount invested. Furthermore, the monthly interest payouts you receive are completely taxable and must be declared under "Income from Other Sources" in your Income Tax Return (ITR). However, the post office does not deduct TDS on POMIS interest payouts.

Premature Withdrawal Penalties

While POMIS has a 5-year tenure, premature closure is permitted after 1 year, subject to the following stringent penalties on the principal amount:

Time of Withdrawal Penalty / Deduction
Before 1 Year Withdrawal is strictly not allowed.
1 Year to 3 Years 2.0% of the principal amount is deducted as a penalty.
3 Years to 5 Years 1.0% of the principal amount is deducted as a penalty.

POMIS Calculation Formula

Because POMIS pays simple interest every month, the math is straightforward. The formula for the monthly payout is:

Monthly Payout = (Principal × Annual Interest Rate) / 1200

For example, if you invest the maximum ₹9 Lakh in a single account at 7.4%: (9,00,000 × 7.4) / 1200 = ₹5,550 per month.

Key Benefits & Strategic Advantages

Limitations & Important Considerations

Quick Insights & Pro Tips (2026)

Always perform sensitivity analysis by testing best-case, base-case, and conservative stress scenarios before finalizing major capital investments.

Frequently Asked Questions

What is the current POMIS interest rate?
As of 2026, the current interest rate for the Post Office Monthly Income Scheme (POMIS) is 7.4% per annum. This rate is fixed for your entire 5-year tenure.
What is the maximum investment limit for POMIS?
The maximum investment limit is ₹9 Lakhs for a single account and ₹15 Lakhs for a joint account.
Can I open multiple POMIS accounts?
Yes, you can open multiple accounts, but the combined total balance across all your POMIS accounts cannot exceed your permissible limit (₹9 Lakh for single, ₹15 Lakh for joint).
Is POMIS interest taxable?
Yes, the monthly interest earned from POMIS is fully taxable as per your applicable income tax slab. It is added to your 'Income from Other Sources'.
Are there any Section 80C tax benefits for POMIS?
No, investments made in the Post Office Monthly Income Scheme do not qualify for any tax deductions under Section 80C.
Can I withdraw my money before 5 years?
Yes, but with penalties. You cannot withdraw within the first year. Between 1 and 3 years, a 2% penalty is deducted from the principal. Between 3 and 5 years, a 1% penalty applies.
What happens if I don't withdraw the monthly interest?
If you do not claim the monthly interest, it will not earn any additional interest. It does not compound. It is advisable to link your post office savings account to automatically receive the payouts.
Who is eligible to open a POMIS account?
Any resident Indian adult can open an account. Minors above 10 years of age can also open an account in their own name, or a guardian can open one on behalf of a minor.