Earn Monthly Income of Rs 9,250 with the Post Office Monthly Income Scheme

The Post Office Monthly Income Scheme (POMIS) is a dependable government savings scheme that has garnered a reputation for being a safe investment avenue.

This scheme, managed by post offices, offers people of all ages the opportunity to earn a substantial monthly income.

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Investors can enjoy monthly returns of up to Rs 9,250, making it an ideal choice for those seeking a regular source of income.

Let’s delve into the details of the scheme and the benefits it offers.

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What is Post Office Monthly Income Scheme (POMIS)?

POMIS is a government-backed savings scheme offered by post offices. It provides investors with an annual interest rate of 7.4 percent, making it a low-risk avenue for securing monthly income.

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This scheme offers a fixed interest rate, ensuring stable returns. POMIS allows both single and joint accounts to be opened, with a maximum of three individuals being able to open a joint account. This flexibility enables, for example, a husband and wife to invest jointly.

Special Features of Post Office MIS Account

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Investors can participate in the scheme with a minimum investment of Rs 1,000.

In a single account, the maximum investment limit is Rs 9 lakh, while in a joint account, it extends up to Rs 15 lakh.


An investment of Rs 9 lakh in a single account yields a monthly income of Rs 5,500, while Rs 15 lakh in a joint account generates a monthly income of Rs 9,250.

Guardians can also open accounts on behalf of minors or individuals of unsound mind.


Charges for Premature Closure

While the account can be closed prematurely after one year, a 2 percent charge will be applied. If the account is closed after three years, a 1 percent charge will be deducted.

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Eligibility for Post Office Monthly Income Scheme

The scheme permits the opening of a single adult account or a joint account involving a maximum of three adults.

This arrangement guarantees a monthly income ranging from Rs 5,500 to Rs 9,250.

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