Looking for Stable Monthly Income? Try POMIS at 7.4%

Aug 18, 2025 - The Post Office Monthly Income Scheme (MIS) offers a simple and reliable solution for a regular monthly income. This government-backed scheme provides a fixed monthly income at an annual interest rate of 7.4%, which is directly credited to your account every month. However, if the interest is not withdrawn, no additional interest will be earned on it.

POMIS, amongst others such as Post Office Savings Account, Post Office Recurring Deposit, Post Office Time Deposit, is one of the highest-earning schemes.

Since it is a government-backed scheme, it offers high security and low risk to investors. Any Indian citizen can invest in this scheme. Joint accounts can also be opened, and minors above 10 years of age can have an account in their own name.

Investment Rules & Limits

• The account can be opened with a minimum of Rs 1,000, and investments must be made in multiples of Rs 1,000 thereafter.
• An individual can invest a maximum of Rs 9 lakh.
• In a joint account, the total maximum investment can be Rs 15 lakh, with equal shareholding among all account holders.
• Since the maximum investment limit is Rs 15 lakh, the maximum monthly income one can earn is Rs 9,250.
• A POMIS minor account can also be opened. The age limit for minors is above 10 years.
• A maximum of three people can open a joint account. Each account holder will have equal rights over the account.

Source: Media Reports

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