Post Office Schemes

POMIS Calculator

Calculate the guaranteed monthly income you will receive from the Post Office Monthly Income Scheme (POMIS) at the current 7.4% interest rate.

Investment Details

Multiples of ₹1,000 only.

7.4% p.a.

Fixed for the entire 5-year tenure.

5 Years

Lock-in period.

Guaranteed Income

Monthly Payout

₹5,550

Credited to your savings account every month.

Eligible Deposit₹9,00,000
Total Interest (5 Yrs)+₹3,33,000
Return of Principal₹9,00,000

Why Invest in POMIS?

  • The Ultimate Pension Substitute: POMIS is designed for retirees and conservative investors who need a fixed, guaranteed monthly income without subjecting their principal to stock market volatility.
  • New Investment Limits: Recently, the government increased the maximum deposit limit. You can now invest up to ₹9 Lakhs in a single account, and up to ₹15 Lakhs in a joint account (e.g., with your spouse).
  • Sovereign Guarantee: Unlike bank fixed deposits, which are only insured up to ₹5 Lakhs by DICGC, Post Office deposits carry an absolute sovereign guarantee by the Government of India. Your principal is 100% safe.
  • Tax Implications: POMIS does NOT offer Section 80C tax benefits. Furthermore, the monthly interest payout is fully taxable according to your income tax slab. However, the Post Office does not deduct TDS on POMIS interest.