{"id":7495,"date":"2025-07-08T07:22:24","date_gmt":"2025-07-08T07:22:24","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=glossary&#038;p=7495"},"modified":"2025-07-08T07:22:27","modified_gmt":"2025-07-08T07:22:27","slug":"post-office-monthly-income-scheme-pomis","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/post-office-monthly-income-scheme-pomis\/","title":{"rendered":"Post Office Monthly Income Scheme (POMIS)"},"content":{"rendered":"<p>The <strong><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/post-office-monthly-income-scheme-pomis\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Post Office Monthly Income Scheme (POMIS)<\/a><\/strong> is a government-backed savings plan designed to provide investors with a fixed monthly income. It&#x2019;s ideal for individuals seeking a low-risk investment option with regular returns. The scheme has a tenure of 5 years, after which the invested amount is returned to the investor.<\/p>\n\n\n\n<h2 id=\"key-features-of-pomis\" class=\"wp-block-heading\">Key Features of POMIS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Interest Rate<\/strong>: As of July 2025, POMIS offers an interest rate of <strong>7.4% per annum<\/strong>, payable monthly.<\/li>\n\n\n\n<li><strong>Investment Limits<\/strong>:\n<ul class=\"wp-block-list\">\n<li><em>Minimum<\/em>: &#x20B9;1,000<\/li>\n\n\n\n<li><em>Maximum<\/em>:\n<ul class=\"wp-block-list\">\n<li>&#x20B9;9 lakh for a single account<\/li>\n\n\n\n<li>&#x20B9;15 lakh for a joint account (up to 3 adults)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Tenure<\/strong>: 5 years<\/li>\n\n\n\n<li><strong>Eligibility<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Resident Indian individuals<\/li>\n\n\n\n<li>Minors aged 10 years and above (account to be converted upon attaining majority)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Account Types<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Single<\/li>\n\n\n\n<li>Joint (up to 3 adults)<\/li>\n\n\n\n<li>Minor (with guardian)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Nomination Facility<\/strong>: Available<\/li>\n\n\n\n<li><strong>Transferability<\/strong>: Accounts can be transferred between post offices across India.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"benefits-of-investing-in-pomis\" class=\"wp-block-heading\">Benefits of Investing in POMIS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regular Monthly Income<\/strong>: Investors receive a fixed monthly payout, providing a steady income stream.<\/li>\n\n\n\n<li><strong>Capital Protection<\/strong>: Being a government-backed scheme, the principal amount is secure.<\/li>\n\n\n\n<li><strong>Low Risk<\/strong>: The scheme is not market-linked, making it suitable for risk-averse investors.<\/li>\n\n\n\n<li><strong>Ease of Access<\/strong>: Available at all post offices across India.<\/li>\n\n\n\n<li><strong>Reinvestment Option<\/strong>: Upon maturity, the principal can be reinvested in the same scheme.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"tax-implications\" class=\"wp-block-heading\"><a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tax\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Tax<\/a> Implications<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Interest Income<\/strong>: Taxable as per the investor&#x2019;s <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/income-tax\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">income tax<\/a> slab.<\/li>\n\n\n\n<li><strong><a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tds\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>TDS<\/a><\/strong>: No Tax Deducted at Source (TDS) on interest payouts.<\/li>\n\n\n\n<li><strong><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/section-80c\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Section 80C<\/a><\/strong>: Investments in POMIS are <strong>not<\/strong> eligible for deductions under Section 80C of the <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/income-tax-act\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Income Tax Act<\/a>.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"premature-withdrawal\" class=\"wp-block-heading\">Premature Withdrawal<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Before 1 Year<\/strong>: No withdrawal permitted.<\/li>\n\n\n\n<li><strong>After 1 Year but Before 3 Years<\/strong>: Withdrawal allowed with a 2% deduction on the principal amount.<\/li>\n\n\n\n<li><strong>After 3 Years but Before 5 Years<\/strong>: Withdrawal allowed with a 1% deduction on the principal amount.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"how-to-open-a-pomis-account\" class=\"wp-block-heading\">How to Open a POMIS Account<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Visit<\/strong>: Your nearest post office.<\/li>\n\n\n\n<li><strong>Obtain<\/strong>: POMIS application form.<\/li>\n\n\n\n<li><strong>Submit<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Duly filled application form.<\/li>\n\n\n\n<li>Passport-sized photographs.<\/li>\n\n\n\n<li>Identity proof (e.g., Aadhaar, PAN).<\/li>\n\n\n\n<li>Address proof (e.g., utility bills, voter ID).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Deposit<\/strong>: The investment amount via cash or cheque.<\/li>\n\n\n\n<li><strong>Nomination<\/strong>: Assign a nominee at the time of account opening or anytime during the tenure.<\/li>\n<\/ol>\n\n\n\n<h2 id=\"example-calculation\" class=\"wp-block-heading\">Example Calculation<\/h2>\n\n\n\n<p>If you invest <strong>&#x20B9;5,00,000<\/strong> in POMIS at an interest rate of <strong>7.4% per annum<\/strong>, your monthly interest income would be:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Annual Interest<\/strong>: &#x20B9;5,00,000 &#xD7; 7.4% = &#x20B9;37,000<\/li>\n\n\n\n<li><strong>Monthly Interest<\/strong>: &#x20B9;37,000 &#xF7; 12 &#x2248; &#x20B9;3,083<\/li>\n<\/ul>\n\n\n\n<p>This amount would be credited to your account every month for 5 years.<\/p>\n\n\n\n<h2 id=\"who-should-invest\" class=\"wp-block-heading\">Who Should Invest?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Retirees<\/strong>: Seeking a stable monthly income.<\/li>\n\n\n\n<li><strong>Risk-Averse Investors<\/strong>: Looking for secure investment options.<\/li>\n\n\n\n<li><strong>Individuals Without Regular Income<\/strong>: Desiring a fixed monthly return.<\/li>\n<\/ul>\n\n\n\n<p>The Post Office Monthly Income Scheme is a reliable and secure investment option for those looking to earn a fixed monthly income without exposure to market risks. Its government backing and ease of access make it a popular choice among co<a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/nse\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>nse<\/a>rvative investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Post Office Monthly Income Scheme (POMIS) is a government-backed savings plan designed to provide investors with a fixed monthly income. It&#x2019;s ideal for individuals seeking a low-risk investment option with regular returns. The scheme has a tenure of 5 years, after which the invested amount is returned to the investor. Key Features of POMIS [&#x2026;]<\/p>\n","protected":false},"author":9,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-7495","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7495\/revisions"}],"predecessor-version":[{"id":7516,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7495\/revisions\/7516"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}