📮 Post Office Monthly Income Scheme Calculator
Calculate monthly income from POMIS investments
Minimum ₹1,50,000, Maximum ₹90,00,000 (₹15 lakh for joint account)
Current POMIS interest rate is around 7.4% (varies quarterly)
How to Use This Calculator
Enter Investment Amount
Input the amount you want to invest in POMIS (₹1,50,000 to ₹90,00,000).
Enter Interest Rate
Input the POMIS interest rate (currently around 7.4%, varies quarterly).
Review Results
See monthly interest income, annual interest, total interest over 5 years, and maturity value.
Formula
Monthly Interest = (Principal × Interest Rate) / 12
Annual Interest = Principal × Interest Rate
Total Interest = Annual Interest × 5 years
About Post Office Monthly Income Scheme Calculator
The Post Office Monthly Income Scheme (POMIS) Calculator calculates monthly interest income from POMIS investments. POMIS is a savings scheme offered by India Post that provides monthly interest income. The scheme has a 5-year tenure, and the principal is returned at maturity. POMIS is suitable for investors seeking regular monthly income.
POMIS allows investments between ₹1,50,000 and ₹90,00,000 (₹15 lakh for joint accounts). The interest is paid monthly, and the principal is returned at maturity after 5 years. The interest rate is set by the government and varies quarterly. POMIS is a safe, government-backed investment option ideal for regular income needs.
When to Use This Calculator
- Income Planning: Calculate monthly income from POMIS investments
- Retirement Planning: Plan regular monthly income for retirement
- Financial Planning: Estimate POMIS returns for financial planning
Why Use Our Calculator?
- ✅ Accurate Calculations: Uses POMIS interest formula
- ✅ Easy to Use: Simple interface for quick calculations
- ✅ Free Tool: No registration required
Frequently Asked Questions
What is POMIS?
POMIS (Post Office Monthly Income Scheme) is a savings scheme that provides monthly interest income. It has a 5-year tenure, and the principal is returned at maturity. Investment limits are ₹1,50,000 to ₹90,00,000.
How is POMIS interest calculated?
POMIS interest is calculated as: Monthly Interest = (Principal × Interest Rate) / 12. Interest is paid monthly, and the principal is returned at maturity after 5 years.