POMIS Calculator
Calculate your monthly income from Post Office Monthly Income Scheme. Get instant results with our free POMIS calculator.
Investment Details
Enter your investment details to calculate monthly income
₹1,000 - ₹9,00,000
₹
Current: 7.4%
%
5 Years (Fixed)
Calculation Results
Your estimated returns from POMIS investment
Monthly Income
₹617
Credited to your account every month
Total Interest Earned (5 Years)
₹37,000
Maturity Amount
₹1,00,000
Principal returned after lock-in period
Investment Summary
Principal
₹1,00,000
Interest Rate
7.4% p.a.
Tenure
5 Years
Account Type
single
How POMIS Calculator Works
1
Enter Investment Amount
Input the amount you wish to invest. Minimum is Rs. 1,000 and maximum is
Rs. 9 lakhs for single account or Rs. 15 lakhs for joint account.
2
Set Interest Rate
The current POMIS interest rate is 7.4% per annum. You can adjust
this to see how different rates affect your returns.
3
View Your Returns
Instantly see your monthly income, total interest earned over 5 years,
and maturity amount. Plan your finances accordingly.
POMIS Interest Calculation Formula
Monthly Income = (Investment Amount x Interest Rate) / 12 / 100
Example: If you invest Rs. 1,50,000 at 7.4% interest rate:
Monthly Income = (1,50,000 x 7.4) / 12 / 100 = Rs. 925
Monthly Income = (1,50,000 x 7.4) / 12 / 100 = Rs. 925
Benefits of Post Office Monthly Income Scheme
Government Backed
POMIS is a Government of India savings scheme, making it one of the
safest investment options with sovereign guarantee.
Guaranteed Returns
Enjoy fixed interest rates declared by the government. Your returns
are predictable and not subject to market fluctuations.
Regular Monthly Income
Receive interest every month, making it ideal for retirees and those
who need a steady income stream.
Low Minimum Investment
Start with just Rs. 1,000. No need for large capital to begin
earning monthly income from your savings.
Joint Account Option
Open a joint account with up to 3 adults and invest up to Rs. 15 lakhs,
doubling the investment limit compared to single account.
Easy to Open
Open an account at any post office across India. Simple documentation
and hassle-free process.
Key Features of POMIS
01
Investment Limits
Single Account: Rs. 9,00,000 | Joint Account: Rs. 15,00,000
02
Lock-in Period
5 years from the date of deposit
03
Current Interest Rate
7.4% per annum (as of Q4 FY 2024-25)
04
Interest Payment
Monthly, credited to savings account or by cheque
05
Premature Withdrawal
Allowed after 1 year with penalty (2% before 3 years, 1% after)
06
Tax Treatment
Interest is taxable as per your income tax slab. TDS applicable above Rs. 40,000
Frequently Asked Questions
What is Post Office Monthly Income Scheme (POMIS)?
POMIS is a government-backed savings scheme offered by India Post that provides
a fixed monthly income on your investment. It's ideal for risk-averse investors
looking for regular income, especially retirees.
What is the current interest rate on POMIS?
The current interest rate on POMIS is 7.4% per annum (as of Q4 FY 2024-25).
Interest rates are reviewed and announced by the government every quarter.
What are the investment limits in POMIS?
For a single account, you can invest between Rs. 1,000 to Rs. 9,00,000.
For a joint account (up to 3 adults), the maximum limit is Rs. 15,00,000.
Investments must be in multiples of Rs. 1,000.
Can I withdraw my POMIS investment before maturity?
Yes, premature withdrawal is allowed after 1 year. However, a penalty applies:
2% of the principal if withdrawn between 1-3 years, and 1% if withdrawn between
3-5 years. No withdrawal is allowed within the first year.
Is POMIS interest taxable?
Yes, the interest earned from POMIS is fully taxable as per your income tax slab.
TDS is deducted if the annual interest exceeds Rs. 40,000 (Rs. 50,000 for senior citizens).
There is no tax benefit under Section 80C for POMIS investments.
How accurate is this POMIS calculator?
This calculator provides accurate estimates based on the inputs you provide.
The actual interest rate may vary as it's revised quarterly by the government.
Always verify the current rate from your nearest post office before investing.
Ready to Start Investing?
Visit your nearest post office with KYC documents (Aadhaar, PAN) to open a POMIS account. Use our calculator above to plan your investment.
Visit India Post Official Website