The Post Office Monthly Income Scheme (POMIS) provides Indian residents with a reliable savings solution which remains popular until today. The program which started in 1966 continues to attract small investors and retirees who prefer safe investments with predictable monthly payments.
What is POMIS?
POMIS exists as a savings program which the Indian Post Office provides to investors with government support. The program allows investors to receive fixed monthly interest payments after they deposit a one-time payment. The program functions best for individuals who seek steady income which does not involve market hazards.
Latest Update 2026
- The interest rate for January to March 2026 (Q4 FY 2025-26) stands at 7.4% per annum.
- The rate has been kept unchanged compared to the previous quarter.
- The maximum amount investors can deposit into their accounts reaches ₹9 lakh for single accounts and ₹15 lakh for joint accounts.
- The investor receives monthly interest payments which go directly into their savings account.
- The scheme requires participants to maintain their investment for 5 years.
POMIS 2026 – Key Information
| Particulars | Details (2026 Update) |
|---|---|
| Interest Rate | 7.4% per annum |
| Interest Payment | Monthly |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit (Single) | ₹9 lakh |
| Maximum Deposit (Joint) | ₹15 lakh |
| Lock-in Period | 5 years |
| Premature Withdrawal | Allowed with penalty |
| Tax Benefit | No 80C benefit |
Benefits of POMIS
- The program provides guaranteed returns because it delivers fixed monthly payments which remain stable through market changes.
- The investment remains secure because it receives backing from the Government of India.
- The program enables customers to establish their accounts through individual or joint registration.
- The program permits customers to make early withdrawals after one year which involves a penalty.
Short Analysis
The 7.4% interest rate from POMIS provides greater returns than most bank fixed deposits. The program does not provide tax advantages through Section 80C. The investment maintains its dependable status which makes it suitable for retired individuals and conservative investors.
Final Thoughts
The Post Office Monthly Income Scheme 2026 serves as a dependable investment choice which provides investors with consistent monthly earnings. The bank deposit interest rate of 7.4% creates an appealing option for investors however missing tax advantages will deter certain investors.
POMIS serves as the optimal investment choice for investors who avoid risks and retirees who seek secure investments with guaranteed monthly earnings.