For many people in India, especially senior citizens, retired employees, and risk-averse investors, regular monthly income is more important than high returns. To meet this need, the Government of India offers a trusted small savings scheme called the Post Office Monthly Income Scheme 2026, commonly known as POMIS. This scheme is managed through India Post and is known for its safety, stable returns, and simple investment process.
The Post Office Monthly Income Scheme 2026 is ideal for those who want a fixed monthly income without market risk. It allows investors to deposit a lump sum amount and receive interest every month directly into their bank or post office account. Since it is backed by the government, the scheme is considered very safe and reliable.
In this article, you will get complete and easy-to-understand information about the Post Office Monthly Income Scheme 2026, including features, interest benefits, eligibility, investment limits, account opening process, and important rules.
Post Office Monthly Income Scheme 2026
The Post Office Monthly Income Scheme 2026 is a government savings scheme that provides fixed monthly income to investors. Under this scheme, an investor deposits a one-time amount in a post office account and earns interest every month at a fixed rate decided by the government.
The principal amount remains safe throughout the scheme period, and the interest is paid monthly. This makes POMIS a popular choice among senior citizens, housewives, and individuals who want steady income to manage household expenses.
Post Office Monthly Income Scheme 2026 Overview
| Details | Information |
|---|---|
| Scheme Name | Post Office Monthly Income Scheme (POMIS) |
| Year | 2026 |
| Scheme Type | Small Savings Scheme |
| Issued By | Government of India |
| Mode of Investment | Lump Sum |
| Income Type | Monthly Interest |
| Account Type | Single or Joint |
| Official Website | https://www.indiapost.gov.in |
Key Features of Post Office Monthly Income Scheme 2026
The scheme comes with several useful features that make it attractive.
- Government-backed and very safe investment
- Fixed monthly interest payout
- Can be opened at any post office in India
- Option for single or joint account
- Simple account opening process
Because of these features, POMIS is suitable for conservative investors.
Interest Rate and Maturity Period
The interest rate for the Post Office Monthly Income Scheme is announced by the government and may be revised from time to time. The interest is calculated on the deposited amount and paid monthly.
The maturity period of the scheme is fixed, usually for five years. At maturity, the investor gets back the original deposit amount.
Important points to note:
- Interest is paid every month
- Interest is taxable as per income tax rules
- No TDS is deducted by the post office
Eligibility for Post Office Monthly Income Scheme
The eligibility criteria for opening a POMIS account are simple.
- Applicant must be an Indian citizen
- Minimum age should be 18 years
- Joint account can be opened by up to three adults
- Minor account can be opened through a guardian
There is no upper age limit, which makes it suitable for senior citizens.
Investment Limit in POMIS 2026
The government sets maximum investment limits to ensure fair distribution of benefits.
- Single account: Limited maximum deposit
- Joint account: Higher combined deposit limit
- Investment must be made in multiples as prescribed
An individual cannot exceed the maximum limit even if they open accounts in different post offices.
How to Open Post Office Monthly Income Scheme Account
Opening a POMIS account is very easy.
Steps to open the account:
- Visit the nearest post office: https://www.indiapost.gov.in
- Collect the Monthly Income Scheme application form
- Fill in personal and nominee details
- Submit required documents
- Deposit the investment amount
After verification, the account is opened, and monthly interest payments begin as per rules.
Documents Required for POMIS Account
To open the account, the following documents are required:
- Aadhaar card
- PAN card
- Address proof
- Passport-size photographs
- Account opening form
Documents must be valid and original for verification.
Monthly Interest Payment Process
The interest earned under POMIS is paid every month.
- Interest is credited directly to savings account
- Can also be collected through post office
- First interest is paid after one month from opening
This regular income helps investors manage monthly expenses easily.
Premature Closure Rules
Premature withdrawal is allowed but with certain conditions.
- Account can be closed after one year
- Penalty applies if closed before maturity
- Penalty percentage depends on duration
Due to penalties, it is advisable to stay invested until maturity.
Advantages of Post Office Monthly Income Scheme 2026
The scheme offers many benefits.
- Guaranteed returns
- No market risk
- Monthly income stability
- Easy access through post offices
- Ideal for retired and fixed-income individuals
These advantages make POMIS a trusted savings option.
Things to Keep in Mind
Investors should remember the following points:
- Interest income is taxable
- No tax deduction at source
- Interest rate may change for new accounts
- Scheme is best for income, not high growth
Understanding these points helps in better financial planning.
FAQs on Post Office Monthly Income Scheme 2026
Yes, it is a government-backed scheme and considered very safe.
Yes, the monthly interest is taxable as per income tax rules.
You can open accounts within the maximum investment limit set by the government.
The Post Office Monthly Income Scheme 2026 is a safe and dependable investment option for those who want regular monthly income without taking risks. Backed by the Government of India, it offers peace of mind, stable returns, and easy accessibility through post offices across the country. For conservative investors and senior citizens, this scheme remains one of the best choices for steady income planning.
Hi, I’m Kavya Joshi, the Founder and Main content creator of KV Mandsaur. I have over 5 years of Blogging experience and I focus on creating clear and informative articles about education, technology, and current events. My goal is to make complex topics easy to understand, so every reader can learn something new and useful.