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Post Office Monthly Income Scheme (POMIS)

What Is POMIS?

What Are the Features of POMIS?

Current Interest Rates Under POMIS

 

Following is a table enlisting the current interest rates available under the POMIS scheme. 

Have a look!

Duration in Years

Interest Rate

1

5.50%

2

5.50%

3

5.50%

5

7.6%

Followings are details of investment -

  • Single Account - the minimum amount to deposit is ₹ 1500 and maximum ₹ 4,50,00.
  • Joint Account – the minimum amount of investment is ₹ 1500 and maximum is ₹ 9,00,000.
  • Minor Account - the minimum amount of investment is ₹ 1500 and maximum is ₹ 3,00,000.

For instance, if an investor invests ₹ 1,00,000 for 5 years with a monthly interest of 6.60%. Fixed monthly income according to the post office MIS scheme will be ₹ 550.

Post office monthly income scheme for senior citizens is 6.6%.

The minimum lock-in period for the post office monthly income scheme 2021 is 5 years.

What Are the Benefits of POMIS?

Frequently Asked Questions