POMIS Calculator

Calculate Post Office Monthly Income Scheme returns. Get guaranteed monthly income at 7.4% p.a.

Investment Details

Investment Amount₹5.00 L

Maximum limit: ₹9.00 L (single account)

POMIS Features

• Interest Rate: 7.4% p.a. (paid monthly)
• Tenure: 5 years
• Single A/c Max: ₹9 Lakh | Joint: ₹15 Lakh
• Government guaranteed, low risk
• Premature withdrawal after 1 year (with penalty)

Income Summary

Monthly₹3,083

Principal

₹5.00 L

Monthly Income

₹3,083

Total Interest (5Y)

₹1.85 L

Maturity Value

₹6.85 L

Year-wise Income

Year	Monthly	Yearly	Cumulative
Year 1	₹3,083	₹37,000	₹37,000
Year 2	₹3,083	₹37,000	₹74,000
Year 3	₹3,083	₹37,000	₹1.11 L
Year 4	₹3,083	₹37,000	₹1.48 L
Year 5	₹3,083	₹37,000	₹1.85 L

What is POMIS Calculator, and How Does it Help You

The Post Office Monthly Income Scheme (POMIS) is a government-backed savings scheme that offers guaranteed, low-risk returns in the form of regular monthly income. Because it is backed by the Government of India, POMIS offers complete capital safety, making it a favorite for senior citizens, retirees, and conservative investors looking for steady monthly cash flows.

The POMIS Calculator helps you estimate the monthly interest income you will receive based on your initial deposit and the current government-mandated interest rate.

Guaranteed Monthly Income

See the exact monthly interest income paid out on your deposit.

Joint Account Higher Limits

Factor in the higher deposit limits (up to ₹15 lakh for joint accounts vs ₹9 lakh for single).

Capital Safety Analysis

Model risk-free returns backed by the sovereign guarantee of India Post.

How Does the POMIS Calculator Work?

The POMIS Calculator computes monthly interest linearly based on the current interest rate declared by the Ministry of Finance.

Monthly Income = (Deposit Amount * Interest Rate) / 12 / 100

Deposit Amount: Initial lump-sum principal invested in POMIS (minimum ₹1,000)

Interest Rate: Fixed annual interest rate declared by government (currently 7.4% p.a.)

12: Represents the 12 months in a year for monthly interest payout

POMIS limit: Max limit is ₹9 Lakh for single accounts and ₹15 Lakh for joint accounts

If you invest the maximum joint account limit of ₹15,00,000 in POMIS at the current interest rate of 7.4% p.a., the calculator computes: Monthly Income = (15,00,000 * 7.4) / 1200 = ₹9,250. You will receive ₹9,250 every month for 5 years, and your principal is returned at maturity.

How to Use POMIS Calculator

Using the POMIS Calculator is extremely simple and takes just a few seconds. Follow these steps:

Enter Deposit Amount

Type in your lump-sum deposit (minimum ₹1,000, up to the single/joint limit).

Verify Current Rate

The tool uses the pre-configured government interest rate (7.4% p.a.) and 5-year tenure.

Analyze Payout Details

Instantly check your monthly payout, annual earnings, and total interest earned over 5 years.

Advantages of Using POMIS Calculator

✓ Sovereign Safety Guarantee

Enjoy zero market risk with returns fully backed by the Government of India.

✓ Regular Income Payouts

Receive a steady monthly interest payment, ideal for meeting regular living expenses.

✓ Reinvestment Option

Choose to auto-transfer monthly interest to a post office recurring deposit to compound returns.

✓ Complete Capital Preservation

Your initial deposit remains 100% safe and is returned in full at the end of 5 years.

Frequently Asked Questions

POMIS is a government-backed savings scheme offered by India Post that provides guaranteed monthly income. You make a one-time deposit and receive fixed monthly interest for 5 years. After maturity, you get back your principal. It's ideal for retirees and conservative investors seeking regular income.

The current POMIS interest rate is 7.4% per annum (as of April 2024). The rate is revised quarterly by the government. Interest is calculated monthly and paid to your linked savings account or can be withdrawn in cash from the post office.

For a single account, the maximum limit is ₹9 lakh. For a joint account (with up to 3 members), the maximum limit is ₹15 lakh. You can open multiple POMIS accounts in different post offices, but total holdings across all accounts cannot exceed these limits.

Yes, premature withdrawal is allowed but with penalties: No withdrawal in the first year. After 1-3 years: 2% deduction from principal. After 3-5 years: 1% deduction from principal. For joint accounts, premature closure requires consent of all holders.

Yes, POMIS interest is fully taxable as per your income tax slab. TDS is deducted at 10% if your total interest from all post office schemes exceeds ₹10,000 in a year. You can claim the interest under 'Income from Other Sources' while filing ITR.

Yes, you can link your POMIS account to a Post Office Recurring Deposit (RD) account. The monthly interest can be automatically transferred to the RD, creating a combined income-growth strategy. This is called the POMIS-RD combo strategy.

After 5 years, your principal amount is returned to you. You can reinvest in a new POMIS account immediately. Some post offices allow automatic renewal, but it's subject to the prevailing interest rate at the time of renewal.

Any Indian resident adult can open a POMIS account. Joint accounts can be opened with up to 3 adults. Minors above 10 years can also open accounts in their name. NRIs are not eligible for POMIS.

POMIS advantages: (1) Government guarantee (higher safety than banks), (2) No TDS up to ₹10,000/year, (3) Easy to open at any post office, (4) Can open multiple accounts. Bank FD advantages: Higher interest rates sometimes, more flexible tenures.

Yes, you can transfer your POMIS account from one post office to another anywhere in India. Fill out a transfer application at your current post office. The process typically takes 2-4 weeks. No charges for transfer.

Required documents: (1) Identity proof (Aadhaar, PAN, Passport, Voter ID), (2) Address proof, (3) Recent passport-size photographs, (4) Initial deposit (minimum ₹1,000). For joint accounts, all holders need to submit KYC documents.

Yes, you can nominate up to one person in a single account. For joint accounts, nomination is to a third person. Nomination ensures hassle-free transfer to the nominee in case of the depositor's death without requiring succession certificate.