Post Office Monthly Income Scheme: Earn a Fixed Monthly Income Without Working! Here’s the Complete Guide

Bengaluru: In today’s fast-paced life, having a stable and guaranteed monthly income has become essential for many families. Especially for senior citizens, homemakers, individuals without a regular job, or those who simply want to invest their savings safely and receive monthly income — the Post Office Monthly Income Scheme (POMIS) is one of the most trusted options.

The biggest attraction of this scheme is that your money comes with 100% government security. Compared to banks, stock markets, and mutual funds, post office savings schemes are regarded as the safest by millions of Indians. If your goal is to earn assured monthly income without taking any risk, POMIS is an ideal choice.

🔹 What is POMIS?

The Post Office Monthly Income Scheme is a 5-year government-backed investment plan. You invest a lump sum only once, and for the next 60 months, you receive guaranteed monthly interest directly into your bank or post office account.

Many investors refer to it as a “Mini Pension Scheme” because of its regular and reliable payouts.

🔹 Why is this scheme so popular?

• 100% safety guaranteed by the Government of India
• Monthly income similar to a pension
• Zero market risk
• Option for both single or joint account
• Can be opened even in the name of children above 10
• Useful for retirees and low-risk investors

This makes it one of the most stable and dependable income-generating plans available today.

🔹 Interest Rate for POMIS (2025)

The current interest rate offered under this scheme is 7.4% per annum.
The Central Government reviews and updates this interest rate every quarter.

🔹 How Do You Earn ₹9,250 Per Month? — Full Calculation

POMIS allows you to open either a Single Account or Joint Account.

✔️ Single Account

• Maximum Investment: ₹9 lakh
• Monthly Interest Earned: Around ₹5,550

✔️ Joint Account

• Maximum Investment: ₹15 lakh
• Monthly Interest Earned: ₹9,250

This is why many families prefer opening a joint account — you get higher income every month with maximum investment.

📊 Investment vs Monthly Income Chart

Formula:
Monthly Income = (Total Investment × 7.4%) ÷ 12

🔹 What Happens After 5 Years?

The POMIS scheme has a fixed maturity period of 5 years:

• You receive monthly interest throughout the tenure
• After 5 years, the entire principal amount is returned to you
• You can re-invest the money again into POMIS for another 5 years if you want regular income to continue

This is especially beneficial for senior citizens who depend on monthly payouts.

🔹 Who Can Open a POMIS Account?

✔️ Children above 10 years

Parents or guardians can open a minor account for their child.

✔️ Any Indian citizen

Adults of all ages — employees, homemakers, retirees — are eligible.

✔️ Joint accounts

Two or three individuals can operate a joint account, commonly spouses.

🔹 Major Advantages of POMIS

1. Completely Safe Investment

As a government-backed scheme, your investment remains fully protected. There is no fear of losing your money.

2. Fixed Monthly Income

The monthly interest received can help meet household expenses, bills, medical needs, etc.

3. Zero Market Risk

Unlike stock markets, crypto, or chit funds, POMIS does not fluctuate. Your earnings stay stable.

4. Best for Senior Citizens

Retired individuals rely heavily on monthly income, making POMIS an ideal option.

5. No TDS

No tax is deducted at source on the interest received.

🔹 Disadvantages (Limitations)

Although highly beneficial, the plan has a few limitations:

• Your money remains locked for 5 years
• Interest rate remains constant for 5 years
• Returns are lower compared to stock markets or mutual funds

Still, those prioritizing safety over returns find POMIS perfect.

🔹 Documents Required

To open the account, visit any Post Office with:

• Aadhaar Card
• PAN Card
• Two passport-sized photos
• Filled application form (available at the post office)

The entire account opening process takes barely 15–20 minutes.

🔹 Where to Open the Account?

You can open a POMIS account at:

• Any Regional Post Office
• Any Rural Branch Post Office

The scheme is available across India.

🔹 Who Should Prefer This Scheme?

• Senior citizens
• Homemakers
• Individuals without a steady income
• Risk-averse investors
• Parents saving for children
• Anyone who wants stress-free monthly earnings

Application Link

🔚 Final Thoughts

The Post Office Monthly Income Scheme is one of India’s most reliable and secure income-generating plans. Whether you’re retired or simply looking for a low-risk, stable investment, POMIS ensures monthly financial support without the uncertainty of market-based instruments.

If you want a steady monthly income with zero risk, this scheme is undoubtedly a smart choice.