Post Office Monthly Income Scheme Calculator
Calculate your monthly income from POMIS investment with current interest rates
Calculate POMIS Monthly Income
Maximum limit: ₹4.5 lakh
Min: ₹1,000 | Max: ₹4.5 lakh
Current rate: 6.6% per annum (effective from April 1, 2020)
Investment Analysis
Example Calculation
Maximum Investment Example
Account Type: Individual
Investment Amount: ₹4,50,000
Interest Rate: 6.6% per annum
Tenure: 5 years
Returns Calculation
Monthly Income = ₹4,50,000 × 6.6% ÷ 12
Monthly Income = ₹29,700 ÷ 12
Monthly Income = ₹2,475
Total Interest (5 years) = ₹1,48,500
Maturity Value = ₹5,98,500
POMIS Key Features
Regular Income
Monthly interest payments
Guaranteed monthly income
Low Risk
Government-backed scheme
Safe investment option
Higher Returns
Better than bank FDs
Current rate: 6.6% p.a.
Investment Limits
Individual Account
Maximum: ₹4,50,000
Joint Account
Maximum: ₹9,00,000
Minimum
₹1,000 for all accounts
POMIS Tips
Claim monthly interest regularly - it doesn't earn additional interest
Consider opening RD account to reinvest monthly income
Account is transferable between post office branches
Interest income is taxable - plan accordingly
Understanding Post Office Monthly Income Scheme (POMIS)
What is POMIS?
Post Office Monthly Income Scheme (POMIS) is a government-backed investment option offered by India Post. It allows investors to invest a lump sum amount and receive regular monthly interest payments for a fixed tenure of 5 years.
Key Benefits
- •Guaranteed monthly income for 5 years
- •Higher interest rates compared to bank FDs
- •Low-risk investment backed by Government of India
- •Easy account transferability between branches
How to Calculate Monthly Income
Monthly Income = (Investment Amount × Interest Rate) ÷ 12
- Investment Amount: Principal amount invested (₹1,000 to ₹4.5L/₹9L)
- Interest Rate: Current rate 6.6% per annum
- Tenure: Fixed 5-year maturity period
- Payment: Monthly interest on the same date
Tax Note: Interest earned is taxable as per your income tax slab, but no TDS is deducted by the Post Office.
Who Can Invest?
- •Individual account holders (resident Indians)
- •Joint accounts (up to 3 people)
- •Minor accounts (above 10 years with guardian)
- •Guardian on behalf of mentally challenged person
Important Considerations
- ⚠️Premature closure allowed only after 1 year with penalty
- ⚠️Unclaimed monthly interest doesn't earn additional interest
- ✓Principal amount returned in full at maturity
- ✓Interest rates are reviewed quarterly by the government