POMIS Calculator
Free POMIS calculator for India. Project monthly payout and total interest from a Post Office Monthly Income Scheme deposit at the current 7.4 percent rate.
The Post Office Monthly Income Scheme, or POMIS, is a five year Government of India deposit that pays simple interest every month. You park a one time amount up to ₹9,00,000 (single account) or ₹15,00,000 (joint account), the deposit pays interest each month at the notified rate (currently 7.4 percent for FY 2025 to 2026 Q4), and the principal is returned at maturity. This calculator projects the monthly payout, the annual cash flow and the total interest over the five year term.
Post Office Monthly Income Scheme
Tenure is fixed at 5 years. Reinvest at maturity at the rate then prevailing.
Monthly interest is taxable at your slab as income from other sources. No TDS on POMIS at the post office.
Why use the POMIS Calculator
POMIS is the simplest income product available at any post office in the country. There is no market risk, no rate reset during the term, and the monthly cash flow lands in a savings account on a fixed date. The calculator helps you size the deposit so that the monthly payout meets a specific spending need, and compare POMIS against SCSS, senior citizen FDs and SWP from a debt fund. Useful for retirees, parents covering school fees and anyone who wants a predictable monthly income from a sovereign deposit.
Benefits at a glance
Monthly payout at the notified rate
Default is 7.4 percent for FY 2025 to 2026 Q4. POMIS pays simple monthly interest credited to a linked savings account. Principal is returned at the end of the five year term.
Joint account up to ₹15 lakh
Single account cap is ₹9,00,000. A joint account by up to three adults can hold up to ₹15,00,000 with the income shared equally.
Sovereign safety, fixed tenure
POMIS carries the Government of India guarantee. There is no market risk and the rate is locked at the time of deposit for the full five year term.
Lower minimum than most income products
Open with as little as ₹1,000. Useful for parents and grandparents who want to set up a small monthly inflow without a large lump sum.
Free, private and instant
Inputs never leave your browser. No login, no email, no tracking.
How to use the POMIS Calculator
- 1
Enter the deposit amount
Up to ₹9,00,000 in a single account or ₹15,00,000 in a joint account, in multiples of ₹1,000. The minimum is ₹1,000. Pick the amount based on the monthly income you need at the prevailing rate.
- 2
Confirm the tenure
POMIS has a fixed five year tenure. The calculator does not allow shorter or longer terms. After maturity, the deposit can be reinvested in a fresh POMIS at the rate then prevailing.
- 3
Adjust the interest rate if needed
Default is 7.4 percent, the FY 2025 to 2026 Q4 notified rate. The rate is locked at the time of deposit for the full five year term, even if subsequent quarters change it.
- 4
Read the payout schedule
The result card shows the monthly payout, the annual cash flow it generates, the total interest over the five year term and the principal returned at maturity.
Frequently asked questions
What is the current POMIS interest rate?
7.4 percent per annum for FY 2025 to 2026 Q4, paid as simple monthly interest. The rate is notified quarterly by the Ministry of Finance but the rate at the time of opening is locked in for the full five year tenure.
What is the maximum deposit in POMIS?
₹9,00,000 in a single account and ₹15,00,000 in a joint account by up to three adults. These limits were raised by the Finance Act 2023 from the earlier ₹4.5 lakh and ₹9 lakh respectively. The combined limit across all single and joint POMIS accounts in your name is ₹9,00,000.
Is POMIS interest taxable?
Yes. The monthly interest is taxable as income from other sources at the depositor's slab rate. There is no TDS on POMIS interest because it is a post office instrument, but you must declare the interest in your return. The deposit itself does not qualify for Section 80C.
Can I withdraw POMIS before maturity?
Yes, with a penalty. Premature closure within the first year is not allowed. Closure after one year but before three years forfeits 2 percent of the deposit. Closure between three and five years forfeits 1 percent. The remaining principal is returned to the depositor.
POMIS versus SCSS, which is better for retirees?
SCSS currently pays a higher rate (8.2 percent versus 7.4 percent) and allows a larger deposit (₹30 lakh per individual versus ₹9 lakh for POMIS). However SCSS is restricted to those above 60 (with limited exceptions). POMIS has no age restriction and is available to anyone, including non senior citizens, which makes it useful for younger investors who want monthly cash flow.
Can NRIs invest in POMIS?
No. POMIS is restricted to resident Indian individuals. Existing accounts opened while resident continue until maturity, but no new POMIS can be opened after becoming an NRI.
Can I auto credit POMIS interest to a recurring deposit?
Yes. Many savers route the monthly POMIS interest into a five year post office RD to compound the income further. The post office offers a standing instruction for this transfer at no extra charge.
Final word
POMIS is a quietly useful monthly income product backed by the Government of India. The calculator shows the exact monthly payout, the total interest over five years and the principal returned at maturity. Use it to size the deposit for a specific spending need and to compare POMIS against SCSS, FDs and SWP. Verify the numbers and the tax treatment with a qualified financial advisor before committing.
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