7 Things To Know About Post Office Monthly Income Scheme

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Post Office Monthly Income Scheme

POMIS is a government-backed investment scheme offering monthly interest income on a one-time lump sum investment over five years.

Monthly Income


Any individual above 10 years can subscribe to the scheme. However, it is not available for non-resident Indians (NRIs). 

Eligibility Criterion


You can easily transfer the POMIS account to your nearest post office if you change your residential address.

Maximum Limit

The maximum investment limits for individual and joint accounts are Rs 9 lakh and Rs 15 lakh. Up to three people can be account holders in a joint account.

Joint Account


The POMIS scheme provides a 7.40 per cent annual interest, credited monthly to the account.


Premature Closure

The scheme has a five-year lock-in; hence, a premature withdrawal will attract a penalty. The fine is applied based on the time left for maturity.

Exit Before Maturity

Documents Required

To open a POMIS account, individuals need an Aadhar card, PAN card, driving license, passport, voter ID card, electricity, gas, or water bills, and a passport-sized photograph.

Compiled By Himani Verma


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