Post Office MIS: The National Savings Monthly Income Scheme Account, often known as the Post Office Monthly Income Scheme (POMIS), is a savings plan supported by the government. It is seen as a low-risk investment with assured profits. You must be at least 18 years old and a resident of India in order to invest.
The Post Office MIS Scheme now requires a one-time investment and gives a certain interest rate, which is listed below. The eligibility, interest rate, maturity details, and required investment amount to earn Rs 9000 per month will all be covered in this post. Prior to delving into the main plot, let’s first clarify what a Post Office Monthly Income Scheme is. Then, we will discuss how to make Rs 9000 a month.
What is POMIS?
One of the most popular investment choices in India for people looking for a steady, risk-free monthly income is the Post Office Monthly Income Scheme (POMIS). Supported by the Indian government, it is particularly well-suited for middle-class families, retirees, and anybody seeking hassle-free monthly income.
POMIS Interest Rate 2026
POMIS’s interest rate is currently 7.4%. It is still appealing since it provides greater stability than bank FDs and other small savings plans. The Post Office MIS (Monthly Income Scheme) is offered to anyone above the age of 18. A maximum of three adults may open an account jointly, and joint accounts are also allowed. The Post Office MIS Scheme provides an interest rate of 7.40% on the amount invested. This scheme has a five-year maturity period.
How to open Post Office MIS Account?
It is very simple to open an account in this Post Office Monthly Savings Scheme. You can apply for it by bringing the required paperwork to the post office that is closest to you. Together with a photocopy of your PAN card, you must complete an account opening form and a KYC form.
Eligibility for the POMIS Program
A guardian acting on behalf of a minor or a person of unsound mind, a single adult Indian citizen, a joint account of up to three people, or a minor over ten years old in their own name can all open a POMIS account.
POMIS Min And Max Investment Amounts
To start a POMIS account, you must have at least Rs 1000. Additional deposits can be made in multiples of Rs 1000. For a single account, the maximum investment is Rs 9 lakh, and for a joint account, it is Rs 15 lakh.
How to Earn 9250 Rupees Monthly?
For instance, depending on POMIS’s current interest rate, a deposit of Rs 5 lakh will yield Rs 3,083.33 per month, Rs 9 lakh will return Rs 5,550 per month, and Rs 15 lakh will yield Rs 9,250 per month and Rs 1,11,000 annually.
As previously stated, you can make a lump sum investment of up to ₹9 lakh for a single account and ₹15 lakh for a joint account under this Post Office initiative. Let’s now imagine that you and your spouse opened a joint account and made a single, maximum investment. You will receive ₹9,250 in interest each month based on the scheme’s 7.4% annual interest rate. The interest earned on ₹9 lakh in a single account will be ₹5,500 per month.
POMIS Maturity Period
The duration of the Post Office MIS is set at five years. You have two options after five years: you can roll the value into a new MIS account or withdraw the full amount. The funds will continue to draw deposits at the post office savings account interest rate if you do not remove the amount at the maturity term.
Guaranteed Income and One-Time Investment
In essence, this Post Office Monthly Savings Plan is a one-time investment plan. This implies that you only need to make one investment, after which your interest returns are assured each month until the investment matures. A maximum of ₹9 lakh may be put in a single account under the plan, and a maximum of ₹15 lakh may be placed in a joint account. Every account holder must receive an equal portion of the investment. The month after the account is opened is when interest begins to accrue, and it keeps up until the account matures.
Post Office MIS Features
This is a lump-sum investment plan that is only used once. The government gives an annual interest rate of 7.40%. Monthly, quarterly, half-yearly, or annual interest income are all possible. It may be detrimental to close the account before the five-year maturity period. Two percent of the principal will be subtracted if the account is closed within a year or three of its opening.
1% of the total will be subtracted if it is closed within three to five years. If the account holder passes away before the account matures, the account may be closed. In this scenario, the nominee will get the deposited amount plus interest that has accumulated up until the time of refund.