Post Office Monthly Income Scheme (POMIS): Monthly Income Explained
By the QuickYield Team · Published August 24, 2026 · 5 min read
How much monthly income does POMIS pay on ₹9 lakh? At the current 7.4% rate, a ₹9,00,000 deposit — the maximum allowed for a single account — pays approximately ₹5,550 every month, for 5 years, with your full ₹9 lakh principal returned at maturity.
How POMIS is different from a fixed deposit
A regular FD compounds and pays out interest at maturity (or at whatever frequency you choose, if the bank offers it), while POMIS is built specifically to generate monthly income — it pays simple interest out every single month rather than compounding it. Your deposit itself doesn’t grow; you get a fixed monthly amount for 5 years and your original deposit back at the end. This makes POMIS a straightforward option for someone who wants predictable monthly cash flow — often retirees — rather than long-term growth.
Monthly income table: ₹1 lakh to ₹15 lakh deposit
At the current 7.4% rate:
| Deposit | Monthly income | Total interest over 5 years |
|---|---|---|
| ₹1,00,000 (1 lakh) | ₹617 | ₹37,000 |
| ₹5,00,000 (5 lakh) | ₹3,083 | ₹1,85,000 |
| ₹9,00,000 (9 lakh, single max) | ₹5,550 | ₹3,33,000 |
| ₹15,00,000 (15 lakh, joint max) | ₹9,250 | ₹5,55,000 |
Why ₹9 lakh and ₹15 lakh specifically? Those are the government-set deposit caps —₹9 lakh for a single account, ₹15 lakh for a joint account — put in place to keep POMIS targeted at retail savers rather than large deposits. Run your own deposit amount through our POMIS Calculator.
Frequently asked questions
›Is POMIS income taxable?
Yes — POMIS interest income is fully taxable as per your income tax slab, and no TDS is deducted at source, so you’re responsible for declaring and paying tax on it yourself.
›What is the maximum deposit allowed in POMIS?
₹9 lakh for a single account and ₹15 lakh for a joint account, as set by the government — these caps exist to keep the scheme focused on retail savings rather than large deposits.
›Can I withdraw my POMIS deposit before 5 years?
Yes, with a penalty — premature withdrawal is allowed after 1 year, with a percentage deducted from the principal depending on how early you withdraw, so it’s not a fully liquid option.
Try it yourself
Open the POMIS Calculator →
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This article is for general information only and isn’t financial, tax, or legal advice. See our disclaimer.