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Banking,Financial Services and Insurance

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 minimum amount of ₹1500.

Authority

Central

Region

None

Status

Verified 2026

Updated

March 2026

What you get

Who can apply

The applicant must be a citizen of India.; The applicant must be residing in India.; The applicant should be at least 18 years old.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

How Can I Withdraw Money From My POMIS Account After The Tenure?

You can withdraw the deposited amount from the account either from the post office or you can also get it credited in your savings account through ECS. You can follow the usual way and withdraw the amount monthly. However, the investor is allowed to let some amount accumulate and withdraw it all together after a few months.

Can I Transfer POMIS Account?

Yes, your account can be transferred from one post office to another for absolutely free.

Can I Reinvest My Accumulated Amount In POMIS?

This is one of the best features of this scheme. It allows the investors to reinvest their accumulated money at the end of the tenure.

Is There Any Tax Deduction At Source?

No, there is no TDS (Tax Deduction at Source). But, the interests earned are taxable.

Is There Any Nomination Facility Available In POMIS?

Yes, the scheme allows you to select and appoint a nominee against the account who will get the accumulated amount in case of unfortunate demise.

Does The Scheme Offer Tax Rebate?

No, POMIS does not offer any tax benefits under Section 80C of the Income Tax Act, 1961.

Can A Senior Citizen Also Invest In POMIS?

Yes, infact POMIS is most suitable for senior citizens and retired persons.

From Where Can I Get The Withdrawal Form Of POMIS?

You can get the withdrawal form directly from the post office or download it from the India Post website.

What Happens When The Investor Does Not Withdraw The Funds After 5 Years?

After the maturity of 5 years, if the investor does not withdraw the amount, then he will continue to earn a simple interest for up to 2 years (as per the post office savings account interest rate).