Check Eligibility

Ministry Of Finance

Post Office Monthly Income Scheme

Application Process
Documents Required
Frequently Asked Questions
Post Office Monthly Income Scheme (POMIS) is an investment scheme recognized and validated by the Ministry of Finance. It is one of the highest-earning schemes with an interest rate of 6.6%. The interest in this scheme is disbursed monthly. After opening a POMIS account, individuals can invest a suitable amount based on affordability, which, however, should not be less than ₹1500. It provides low risk and steady income where an investor can deposit every month and get interested of MIS in the post office according to their applicable monthly rate. The income on investment is given by the concerned post office every month.

Features of the POMIS scheme:
  1. Maturity period- The maximum tenure of the Indian post office monthly income scheme is 5 years.
  2. Number of holders- At least 1 and at most 3 individuals can hold post office MIS.
  3. Nomination- Only the nominee will get all scheme benefits after the investor’s demise. Nominee can be assigned later on after opening an account.
  4. Transfer- Individuals can transfer their MIS account in one post office to another anywhere in India.
  5. POMIS bonus- Accounts opened after 1st Dec 2011 have no bonus facility. However, those opened before that enjoy a 5% bonus.
  6. Taxability- Any income from this scheme does not come under TDS or tax deduction. The post office monthly income scheme tax benefit is zero.

Was this helpful?


News and Updates

No new news and updates available


Powered byDigital India
Digital India Corporation(DIC)Ministry of Electronics & IT (MeitY)Government of India®

Useful Links

  • di
  • digilocker
  • umang
  • indiaGov
  • myGov
  • dataGov
  • igod

Get in touch

4th Floor, NeGD, Electronics Niketan, 6 CGO Complex, Lodhi Road, New Delhi - 110003, India


(011) 24303714