Post Office MIS Interest Rate 2026: 7.4% for July–September

The Post Office Monthly Income Scheme (POMIS) pays 7.4% a year for July to September 2026, paid out every month. The Finance Ministry kept the rate unchanged on 30 June 2026, and it has stayed at 7.4% since 1 April 2023. The rate you open at stays fixed for the full five years.

Key facts

Post office MIS interest rate 2026, quarter by quarter

The Department of Economic Affairs sets small savings rates every quarter. Its office memorandum of 30 June 2026 says rates for 1 July to 30 September 2026 “shall remain unchanged” from the April to June quarter.

A quarterly revision only affects accounts opened in that quarter. An account opened in April 2026 keeps paying 7.4% until it matures in April 2031, even if the rate later changes.

How the rate has moved since 2022

The National Savings Institute publishes the full rate history. POMIS paid 6.6% through the first half of 2022-23. The government then raised it three times in quick succession.

How much you earn each month at 7.4%

Monthly income is the deposit multiplied by 7.4%, divided by 12. The scheme rounds each payment to the nearest rupee. Interest you leave uncollected does not earn anything extra.

You get the deposit back at maturity. Because payouts do not compound inside the scheme, many investors route them into a recurring deposit. The RD calculator shows what that adds.

Who can open a POMIS account and how much can go in

The National Savings (Monthly Income Account) Scheme, 2019 sets the rules. An account can be opened by:

• a single adult;
• up to three adults jointly;
• a minor aged 10 or more, in their own name;
• a guardian on behalf of a minor or a person of unsound mind.

You may hold more than one account, but the ceiling applies across all of them. Your share of a joint account counts as one half or one third of its balance, depending on the number of holders. The limits were raised to ₹9 lakh single and ₹15 lakh joint by a notification of 31 March 2023.

How to open a post office MIS account

1. Visit a post office where you hold, or open, a post office savings account.
2. Fill in Form-1, the account opening form under the 2019 scheme.
3. Submit your Aadhaar and PAN, plus a photograph, for KYC.
4. Pay the deposit by cash or cheque, in one amount of ₹1,000 or a multiple of it.
5. Name a nominee on the form.
6. Collect the passbook, and give instructions to credit the monthly interest to your savings account.

Compare POMIS with other government schemes on our small savings scheme rates page before you deposit.

Premature closure and maturity

You cannot close the account in the first year. After that, apply in Form-2:

• After 1 year, up to 3 years: 2% of the deposit is deducted. On ₹9 lakh that is ₹18,000.
• After 3 years, before 5 years: 1% of the deposit is deducted, or ₹9,000 on ₹9 lakh.

At maturity, apply in Form-3 to get the deposit back. If the holder dies before maturity, the account can be closed and the deposit refunded to the nominee or legal heir. Interest is paid up to the month before the refund.

Tax on POMIS interest

POMIS gives no deduction on the amount you invest, and the interest is fully taxable. From 1 April 2026 it is taxed under the Income-tax Act, 2025 as income from other sources, at your slab rate. Declare it in your return even if no tax was deducted. Senior citizens can compare this with the 8.2% Senior Citizen Savings Scheme.

Frequently asked questions

What is the post office MIS interest rate in 2026?

POMIS pays 7.4% a year, paid monthly, for both April to June and July to September 2026. The rate for October to December 2026 had not been announced as of 17 September 2026.

Is the POMIS rate 7.4% for April-June 2026?

Yes. The National Savings Institute’s rate table shows 7.4% for April to June 2026, and the 30 June 2026 office memorandum kept it for July to September.

What is the post office MIS interest rate for June 2026?

Accounts opened in June 2026 earn 7.4% a year, fixed for five years.

Does the MIS rate change after I open the account?

No. The rate on the day you open the account applies until maturity, even if the government revises rates later.

How much monthly income will ₹9 lakh give in post office MIS?

At 7.4%, ₹9 lakh earns ₹66,600 a year, or ₹5,550 a month.

Can I withdraw from POMIS before 5 years?

Only after one year. The post office deducts 2% of the deposit if you close within three years and 1% after that.

When will the October-December 2026 POMIS rate be announced?

The government usually notifies the next quarter’s rates on the last working day of the current quarter, so expect them by 30 September 2026.

Sources

• Revision of interest rates for Small Savings Schemes, office memorandum dated 30.06.2026 — Department of Economic Affairs (checked 17 Sep 2026)
• Interest rate on National Savings Schemes — National Savings Institute (checked 17 Sep 2026)
• National Savings (Monthly Income Account) Scheme, 2019 — National Savings Institute (checked 17 Sep 2026)
• National Savings (Monthly Income Account) Scheme overview — National Savings Institute (checked 17 Sep 2026)
• Saving schemes — India Post (checked 17 Sep 2026)
• Small Savings notifications — Department of Economic Affairs (checked 17 Sep 2026)