The Post Office Monthly Income Scheme (POMIS) interest rate for the April-June 2026 quarter is fixed at 7.4% per annum, payable monthly. This rate is set by the Finance Ministry and the Central Government of India, offering a stable and risk-free return for investors seeking a regular income stream. The interest rate remains locked for the entire 5-year tenure once the account is opened and funds are deposited.
| Quarter | Interest Rate (p.a.) | Effective Date |
|---|---|---|
| April-June 2026 | 7.4% | April 1, 2026 |
| April-June 2025 | 7.4% | April 1, 2025 |
| Q2 FY 2025 | 7.4% | Q2 FY 2025 |
| April 2023 | 7.40% | April 2023 |
| Current operational quarter of the financial year | 7.40% | Current (as of 2026) |
| FY 2026-27 (April-June) | 7.4% | March 30, 2026 |
| National Savings Monthly Income Account (2026) | 7.6% | June 2026 |
| Senior Citizen Savings Scheme (April-June 2026) | 8.2% | April 1, 2026 |
| Post Office FD (1-5 years, April-June 2026) | 6.90% – 7.50% | April 1, 2026 |
| Previous Rate (before 2025) | 8.4% | Unspecified (before 2025) |
Interest Rates Across Post Office Schemes and Quarters
The Post Office MIS scheme offers a consistent monthly payout, making IT a popular choice for conservative investors. For a ₹9 lakh investment at the current 7.4% p.a. Rate, an investor can receive approximately ₹5,550 per month over the 5-year tenure. You can also explore other Post Office interest rates 2026 for various schemes like FDs and RDs.
POMIS Interest Rate History (2025-2026)
The Post Office Monthly Income Scheme (POMIS) interest rate is reviewed quarterly by the Finance Ministry and the Central Government of India. Once a POMIS account is opened, the interest rate remains fixed for the entire 5-year tenure. As of the April-June 2026 quarter, the POMIS interest rate stands at 7.4% p.a., payable monthly (Source: Government of India).
| Period | Interest Rate (p.a.) | Source |
|---|---|---|
| April-June 2026 | 7.4% | Government of India |
| FY 2025-26 | 7.4% | Government of India |
| January-March 2026 (FY 2025-26) | 7.4% | Government of India |
| October-December 2025 (FY 2025-26) | 7.4% | Government of India |
| April-June 2025 | 7.4% | Government of India |
| Q2 FY 2025 | 7.4% | Government of India |
| As of 2025 | 7.4% | Government of India |
| From 01/01/2025 | 7.40% | Government of India |
| before 2025 | 8.4% | Government of India |
| As of April 2023 | 7.40% | Government of India |
Post Office MIS Interest Rate Over Time
The consistent 7.4% p.a. Rate for POMIS across recent quarters highlights its stability as a fixed-income investment. This makes IT a reliable option for investors seeking predictable monthly payouts over a 5-year period, unlike some other Post Office schemes where rates may fluctuate more frequently.
How POMIS Interest is Calculated
The Post Office Monthly Income Scheme (POMIS) interest rate is set quarterly by the Finance Ministry and the Central Government of India. Once a POMIS account is opened, the interest rate remains fixed for the entire 5-year tenure. This ensures predictable monthly income for investors.
The interest calculation for POMIS follows a straightforward process:
- Fixed Interest Rate: As of the April-June 2026 quarter, the POMIS interest rate is 7.4% per annum. This rate is locked in for the full 5-year duration from the account opening date.
- Monthly Payouts: The annual interest is divided into 12 equal monthly payouts. For example, an investment of ₹9 lakh at 7.4% p.a. Yields an annual interest of ₹66,600, resulting in a monthly payout of ₹5,550.
- Principal Protection: The principal amount invested in POMIS is fully protected, as the scheme is backed by the Government of India. This makes IT a low-risk investment option.
- No Compounding: Unlike some other savings schemes, POMIS interest is paid out monthly and does not compound within the scheme. The interest can be transferred to a Post Office Savings Account or a bank account via ECS.
- Maturity and Reinvestment: After the 5-year maturity period, the principal amount is returned to the investor. IT can be withdrawn or reinvested into a new POMIS account at the prevailing interest rate at that time.
- Interest on Unwithdrawn Funds: If the maturity proceeds are not withdrawn or reinvested, the amount can earn interest at the Post Office Savings Account rate for up to two years from maturity.
- Tax Implications: The interest earned from POMIS is fully taxable under ‘Income from Other Sources’. IT does not qualify for tax benefits under Section 80C of the Income Tax Act.
The fixed interest rate and monthly payout structure make POMIS an attractive option for those seeking a regular income stream from their investments.
Key Features of Post Office MIS
The Post Office Monthly Income Scheme (POMIS) offers a fixed interest rate of 7.4% per annum for the April-June 2026 quarter, with monthly payouts. This government-backed scheme provides a secure investment option for individuals seeking a steady income stream over a 5-year tenure.
The scheme is administered by India Post and its interest rates are reviewed quarterly by the Finance Ministry and the Central Government of India. Investors can open single or joint accounts, with maximum investment limits of ₹9 lakh and ₹15 lakh respectively.
| Parameter | Details |
|---|---|
| Scheme Name | Post Office Monthly Income Scheme (POMIS / MIS) |
| Interest Rate (as of April-June 2026 quarter) | 7.4% per annum, payable monthly |
| Tenure | 5 years (fixed lock-in period) |
| Minimum Investment | ₹1,000 (in multiples of ₹1,000) |
| Maximum Investment (Single Account) | ₹9 lakh |
| Maximum Investment (Joint Account) | ₹15 lakh |
| Maximum Individual Investment (including share in joint accounts) | ₹9 lakh |
| Eligibility | Resident Indian above 18 years; minors (10+) with parental consent |
| Account Types | Single Adult, Joint Account (up to 3 adults), Guardian on behalf of a minor/unsound person |
| Tax Benefits | No Section 80C benefit available; interest income is taxable under ‘Income from Other Sources’ |
| Safety | Government-backed, sovereign guarantee from the Government of India |
| Premature Withdrawal Penalty (after 1 year, before 3 years) | 1.5% of deposit |
| Premature Withdrawal Penalty (after 2 years, before 5 years) | 1% of deposit |
The POMIS scheme ensures capital protection and offers a predictable monthly income, making IT a preferred choice for conservative investors. For those looking for other government-backed options, the Post Office Fixed Deposit also offers competitive rates.
Eligibility & Investment Limits
The Post Office Monthly Income Scheme (POMIS) is open to resident Indian citizens, with a minimum investment of ₹1,000. As of 2026, the maximum investment limit for a single account is ₹9 lakh, while a joint account can hold up to ₹15 lakh.
| Criteria | Details |
|---|---|
| Eligibility | Resident Indian citizens (Non-Resident Indians are ineligible) |
| Minimum Investment | ₹1,000 (in multiples of ₹1,000) |
| Maximum Investment (Single Account) | ₹9 lakh |
| Maximum Investment (Joint Account) | ₹15 lakh |
| Minor Account Eligibility | Minors above 10 years can open and operate; parents/guardians can open for minors under 10 or persons of unsound mind |
| Account Types | Single Adult, Joint Account (up to 3 adults), Guardian on behalf of a minor/unsound person |
| Lock-in Period | 5 years |
| Tax Benefits | No Section 80C deduction; no TDS on interest (verify current tax rules with Income Tax Dept.) |
| Account Opening Process | Straightforward procedures at any post office in India |
| Interest Rate Fixation | Set quarterly by the Finance Ministry and Central Government of India |
The POMIS offers a fixed interest rate for its 5-year tenure once the account is opened, providing predictable monthly income. For more details on various Post Office interest rates 2026, refer to official India Post guidelines.
Benefits of Post Office MIS
The Post Office Monthly Income Scheme (POMIS) offers a secure investment avenue with guaranteed monthly payouts, making IT suitable for conservative investors. As of the April-June 2026 quarter, the POMIS interest rate is 7.4% per annum, fixed for the entire 5-year tenure once the account is opened (Source: Government of India). This scheme provides a stable income stream without exposure to market risks.
- Fixed Monthly Income: POMIS provides a consistent monthly interest payout, helping individuals manage regular expenses. For example, an investment of ₹9 lakh at 7.4% p.a. Yields approximately ₹5,550 per month.
- Government-Backed Safety: The scheme carries a sovereign guarantee from the Government of India, ensuring the safety of both principal and interest. This makes IT a low-risk investment option.
- Fixed Tenure: The Post Office MIS has a fixed tenure of 5 years, providing predictability for financial planning. The interest rate is locked in for this entire period.
- Easy Account Opening: Account opening procedures are straightforward and can be completed at any post office in India. Accounts can be opened as single, joint, or minor accounts.
- No TDS Deduction: No Tax Deducted at Source (TDS) is applied to the monthly interest payouts from POMIS. However, the interest earned is fully taxable under ‘Income from Other Sources’.
- Account Transferability: POMIS accounts can be transferred between different post office branches across India without any additional charges.
- Reinvestment Option: Upon maturity, the principal amount can be withdrawn or reinvested into a new POMIS account at the prevailing interest rate for another 5-year term.
- Auto-Credit Facility: Monthly interest can be directly credited to a Post Office Savings Account or a bank account via ECS, ensuring convenient access to funds. Consider checking the SBI Savings Account interest rate for comparison.
These benefits make the Post Office MIS a reliable choice for individuals seeking a steady, low-risk income from their investments in 2026.
POMIS Vs. Other Small Savings Schemes
The Post Office Monthly Income Scheme (POMIS) offers a fixed monthly income at a 7.4% p.a. Interest rate for the April-June 2026 quarter. Other small savings schemes, like the Senior Citizen Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY), currently offer higher rates at 8.2% p.a. For the same period, providing different benefits for specific investor profiles.
| Scheme | Interest Rate (p.a.) | Tenure | Key Feature |
|---|---|---|---|
| Post Office Monthly Income Scheme (POMIS) | 7.4% (April-June 2026 quarter) | 5 years | Fixed monthly income, government-backed safety, no Section 80C benefits. |
| Senior Citizen Savings Scheme (SCSS) | 8.2% (April-June 2026 quarter) | 5 years | Quarterly interest payments, higher investment limits, tax benefits under Section 80C. |
| Sukanya Samriddhi Yojana (SSY) | 8.2% (April-June 2026 quarter) | Till girl child turns 21 or marries after 18 | For girl children, wealth building through compounding, tax benefits under Section 80C. |
| Public Provident Fund (PPF) | 7.1% (Q1 FY 2026-27) | 15 years | Tax-exempt interest, EEE status (Exempt-Exempt-Exempt), tax benefits under Section 80C. |
| National Savings Certificate (NSC) | Not specified (check current rates for 2026) | 5 years | Tax benefits under Section 80C, interest compounded annually but paid at maturity. |
| Post Office Time Deposit (TD) – 5 Year | 7.5% (April-June 2026 quarter) | 5 years | Government-backed, eligible for Section 80C tax benefits for 5-year tenure. |
| Post Office Savings Account (POSA) | 4.0% (FY 2026-27) | No fixed tenure | Standard savings account, minimum deposit ₹500, interest deduction up to ₹10,000 under Section 80TTA. |
Interest Rates of Post Office Schemes
While POMIS offers predictable monthly payouts, schemes like SCSS and SSY provide higher interest rates and Section 80C tax benefits, making them suitable for specific financial goals. Investors should compare these options based on their income needs, tax planning, and investment horizon, or check the latest Post Office Interest Rates 2026 for all schemes.
Opening a Post Office MIS Account
Opening a Post Office Monthly Income Scheme (POMIS) account involves straightforward procedures at any post office in India. As of 2026, the scheme offers a fixed interest rate of 7.4% per annum for the April-June quarter, with monthly payouts.
This government-backed scheme provides a reliable option for conservative investors seeking a steady monthly income without equity risk. The interest rate is locked for the entire 5-year tenure once the account is opened.
- Eligibility Check: Ensure you are a resident of India and at least 18 years old. Minors aged 10 years or above can open an account with parental consent.
- Minimum Deposit: The minimum amount required to open a POMIS account is ₹1,000, and subsequent deposits must be in multiples of ₹1,000.
- Investment Limits: A single account has a maximum investment limit of ₹9 lakh, while a joint account (up to three adults) allows a maximum of ₹15 lakh. An individual’s total investment across all single and joint accounts cannot exceed ₹9 lakh.
- Required Documents: You will need a valid identity proof (Aadhaar, Passport), address proof (Aadhaar, utility bills), and two passport-sized photographs.
- Application Form: Obtain and fill out the POMIS application form from your nearest post office.
- Account Opening: Submit the completed form along with your documents and initial deposit at the post office counter. You can also enable the auto-credit facility for monthly interest payouts directly to your Post Office Savings Account or bank account via ECS.
Once your account is verified and entered into the Core Banking System, India Post will issue a physical passbook detailing your principal deposit and the calendar date for your recurring monthly payouts.
Key Takeaways
- The Post Office MIS offers a fixed interest rate of 7.4% p.a. For the April-June 2026 quarter, payable monthly.
- Individuals can invest up to ₹9 lakh in a single account, while joint accounts allow up to ₹15 lakh.
- The scheme has a 5-year lock-in period, with interest rates fixed for the entire tenure upon account opening.
Compare current rates and eligibility criteria for various Post Office Interest Rates 2026 before opening an account.
Frequently Asked Questions (FAQs)
What is the current Post Office MIS interest rate in 2026?
The Post Office Monthly Income Scheme (POMIS) interest rate for the April-June 2026 quarter is fixed at 7.4% per annum. This rate is set by the Government of India’s Finance Ministry and is payable monthly.
What is the maximum investment limit for Post Office MIS?
The maximum investment limit for a single Post Office MIS account is ₹9 lakh. For a joint account, the maximum investment limit is ₹15 lakh, allowing for higher monthly income generation.
What is the tenure of a Post Office MIS account?
The lock-in period for a Post Office Monthly Income Scheme (POMIS) account is 5 years. After maturity, the principal amount is returned to the investor.
Is the Post Office MIS interest rate fixed for the entire tenure?
Yes, once you open a POMIS account, the interest rate remains fixed for your entire 5-year tenure. This applies even if the government revises interest rates for small savings schemes in subsequent quarters.
Does Post Office MIS offer tax benefits under Section 80C?
No, the Post Office Monthly Income Scheme (POMIS) does not qualify for tax benefits under Section 80C of the Income Tax Act. The interest earned from POMIS is taxable as per your income tax slab.
How is the interest paid out from a Post Office MIS account?
The interest from a Post Office MIS account is paid out monthly. You can collect the interest directly from the post office or have IT transferred to a linked savings account.
Can a single Post Office MIS account be converted to a joint account?
Yes, IT is possible to change a single Post Office Monthly Income Scheme account to a joint account. This allows for flexibility in managing the investment and potentially increasing the maximum investment limit.
