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.

हिंदी में पढ़ें
POMIS Post Office Scheme Monthly Income Plan Government Investment Fixed Income Senior Citizens Investment

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Key Benefits

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

Application Process

Online Application

Online facilities for POMIS account management:

  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 Application

Steps to open a POMIS account at post office:

  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

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)

Frequently Asked Questions