How this calculator works
The Post Office Monthly Income Scheme pays interest monthly instead of at maturity. The formula is straightforward: Monthly income = Deposit × 7.4% ÷ 12. Your principal isn't touched by the monthly payout — it stays invested for the scheme's 5-year tenure and is returned to you in full at maturity (or on premature closure, subject to applicable rules).
The "Total income over 5-year tenure" figure is simply the monthly income multiplied by 60 months, assuming the rate stays unchanged for the full tenure — in reality, POMIS's own rate for a given account is fixed for that account at the time of deposit, but new deposits get whatever rate is current at the time.
Current POMIS terms
| Term | Detail |
|---|---|
| Interest rate | 7.4% p.a., paid monthly (April-June 2026 quarter) |
| Tenure | 5 years |
| Minimum deposit | ₹1,000 |
| Maximum deposit (single) | ₹9 lakh |
| Maximum deposit (joint) | ₹15 lakh |
POMIS interest rates are small savings scheme rates set by the Government of India and reviewed every quarter — they can go up or down. The 7.4% rate shown here is the rate for the April-June 2026 quarter; always confirm the current rate at your nearest post office or on the India Post website before investing.
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Talk to a CA →What is the current POMIS interest rate?
7.4% p.a. for the April-June 2026 quarter. Small savings scheme rates are reviewed and notified by the government every quarter, so this rate can change going forward.
What's the maximum I can invest in POMIS?
₹9 lakh for a single account and ₹15 lakh for a joint account.
Is POMIS interest taxable?
Yes, it's added to your income and taxed at your slab rate. No TDS is deducted on POMIS payouts, but you must declare the interest and pay tax on it yourself.
Does the monthly payout include my principal?
No — you receive only the interest each month. Your principal stays invested until maturity, when it is returned to you in full.
This tool is for quick estimation only and is not a substitute for professional financial or tax advice. For your specific situation, consult a practicing CA.
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