Post office scheme: Big news! Now you will get more interest than the bank in this post office scheme, know details

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NPS Calculation: Invest ₹10,000 every month from age 25; How much fund will be created on retirement & monthly pension, See Calculation
NPS Calculation: Invest ₹10,000 every month from age 25; How much fund will be created on retirement & monthly pension, See Calculation
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Post Office Monthly Income Scheme (POMIS) is a great scheme in the Post Office. There are many benefits of this plan. After investing in this scheme, you will have a fixed income every month, and your money will also be completely safe.


If you want your money to be safe, and the interest on it is also higher than the bank, then you can take advantage of this post office scheme. Investors have a trusting relationship with the post office in India. There are many schemes in the post in which more returns are available than the bank.

Post Office Monthly Income Scheme (POMIS) is a great scheme in the Post Office. There are many benefits of this plan. After investing in this scheme, you will have a fixed income every month, and your money will also be completely safe.

Invest at least Rs 1000

If you want to invest for 5 years then Post Office Monthly Income Scheme (POMIS) is a better option for you. In the Monthly Savings Scheme (MIS) of the Post Office, you can invest a minimum of Rs 1,000 and a maximum of Rs 4.5 lakh through a single account.

The maximum money limit in a joint account is up to Rs 9 lakh. That is, both husband and wife together can invest up to Rs 9 lakh in a joint account. This scheme is very beneficial for retired employees and senior citizens.

Not only this, you can also deposit in this scheme in the name of a minor. But up to Rs 3 lakh can be invested in such an account. In this scheme, a separate POMIS form has to be filled in the post office for deposit. Before investing in this scheme, the customer has to open a post office savings account.


The Post Office Monthly Income Scheme (POMIS) currently offers 6.6 percent annual interest, which is better than other fixed deposits. While filling the POMIS form, you will need identity proof, residential proof, 2 passport size photographs. A nominee is needed.

Duration of the scheme

The maturity period of this post office scheme is 5 years. If you withdraw money before time then you may have to suffer loss. There is no provision for withdrawal within one year. If you withdraw money before 3 years, you have to pay a penalty of 2 percent. On withdrawal within 3 years to 5 years, an amount of 1 percent is deducted.

Benefits of this account

You can get this account shifted from one post office to another. You can reinvest the amount after 5 years of maturity. In this, a nominee can be appointed, so that the nominee can get the amount in case of an accident. TDS is not deducted in the MIS scheme, but tax has to be paid on the interest.

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