Government scheme · Regular monthly income
Post Office Monthly Income Scheme (POMIS)
POMIS gives you a fixed monthly income from a lump sum deposit, backed by the Government of India.
Visit official websiteWho can apply
- Resident Indians, individually, jointly (up to three adults) or on behalf of a minor
Key features
- Minimum ₹1,000; up to ₹9 lakh in a single account and ₹15 lakh in a joint account
- Interest paid every month
- 5-year term
- Early closure allowed after 1 year, with a deduction
How to apply
- Open an account at any post office with KYC documents
Not sure where to save?
Ask Bachatt Saathi how this scheme compares with Insta Fund, mutual funds or Gold & Silver funds for your goal.
Frequently asked questions
Is POMIS interest taxable?+
Yes. Interest is added to your income and taxed at your slab rate.
More government savings schemes
See all government savings schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.