Government Schemes & Subsidies scheme 8 min read

Post Office Monthly Income Scheme (POMIS)

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 suitable amount based on affordability, which, however, should not be less than ₹1500. It provides low risk and steady income where an investor can deposit every month and get interested of MIS in the post office according to their applicable monthly rate. The income on investment is given by the concerned post office every month.

Updated:Feb 2026

Key Benefits & Advantages

Key benefits of Post Office Monthly Income Scheme:

  • Guaranteed monthly income with 6.6% annual interest rate
  • Government-backed scheme offering complete capital protection
  • Zero market risk - fixed returns regardless of market conditions
  • Flexible investment amount starting from ₹1,500
  • Option for joint account holding (up to 3 holders)
  • Premature withdrawal facility after 5 years
  • Easy account transfer between post offices
  • Ideal for senior citizens and risk-averse investors

Eligibility Criteria

Eligibility criteria for opening POMIS account:

Must be a resident Indian citizen
Minimum age of 18 years for account opening
Minor above 10 years can have account operated by guardian
Single or joint account holding options available
No maximum age limit for investors
KYC compliance mandatory
PAN card required for investments above ₹50,000

Step-by-Step Application Process

Online Application Method

  1. 1 Register on India Post's official website
  2. 2 Link your POMIS account with online banking
  3. 3 Check account balance and statement online
  4. 4 Download interest certificates
  5. 5 Set up automatic monthly interest credit
  6. 6 Update KYC details online

Offline / In-Person Method

  1. 1 Visit your nearest post office branch
  2. 2 Collect POMIS account opening form or download from India Post website
  3. 3 Fill the application form with personal details
  4. 4 Submit KYC documents for verification
  5. 5 Add nominee details if required
  6. 6 Make initial deposit (minimum ₹1,500)
  7. 7 Receive account passbook and documentation

Required Documents Checklist

Documents required for POMIS account opening:

Valid ID proof (Aadhaar/PAN/Passport/Voter ID)
Current address proof (utility bills/rental agreement)
Recent passport size photographs
PAN card for investments above ₹50,000
Completed POMIS application form
Proof of age for senior citizens (optional)
Nominee's identity proof (if nomination required)

Official Statutory References & Sources

Frequently Asked Questions

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