How is the individual account holderâs portion determined in a joint account?

Each joint account holder will possess an equal share in the joint account.

What if I choose not to withdraw the deposit amount upon maturity?

If you do not withdraw the deposit upon maturity, it will remain in the account and accrue simple interest based on the Post Office Savings Account rate for two years from maturity.

Is this scheme suitable for senior citizens?

Yes, it is beneficial for senior citizens as they can invest their life savings and earn interest to cover their monthly expenses.

What happens to my account if I relocate due to work?

If you move to a different city, you can transfer your POMIS account to the local Post Office at no additional charge.

What is the investment limit for POMIS in 2025?

The maximum deposit limit is Rs. 9 lakhs for an individual account and Rs. 15 lakhs for a joint account.

Can the nominee withdraw funds in the event of the investor's death before maturity?

Yes, nominees can apply for a death claim settlement immediately after the investor's death, regardless of whether the 5-year lock-in period is complete.

Can a single POMIS account be converted to a joint account?

Yes, conversion from a single to a joint account is possible, and vice versa.

What is the minimum balance required for a Post Office MIS scheme?

The minimum balance to be maintained is Rs. 1000.

How can a nominee or legal heir access the funds of a deceased depositor?

The nominee can present the death certificate to collect the entitled maturity amount. In the absence of a nominee, the legal heir can claim the estate.

What share does each account holder receive in a joint account?

Distribution is on a 50/50 basis, meaning each depositor in a joint account receives an equal share.

Post Office Monthly Income Scheme - MIS Interest Rate 2025

The Post Office Monthly Income Scheme (POMIS) is a government-backed savings plan that offers a fixed monthly income to investors. With an interest rate of 7.4% per annum (as of Q2 FY 2025), it ensures capital safety and steady returns, making it ideal for conservative investors seeking regular payouts

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Features and Benefits of the Post Office Monthly Income Scheme (POMIS)

The key features and benefits of the POMIS scheme are:

Interest Rate: 7.4% p.a. (as of Q2 FY 2025), paid monthly
Lock-in Period: 5 years
Minimum Investment: ₹1,500
Maximum Investment:
- Single account: ₹9,00,000
- Joint account (up to 3 adults): ₹15,00,000
- Minor account: As per the declared amount at account opening
Account Type: Can be opened as a single, joint, or minor account
Transferable: Across post offices within India
Nomination Facility: Available at the time of account opening or later
Auto Credit Facility: Interest can be credited to a savings account or withdrawn via ECS/PDC
Reinvestment Option: Investors can reinvest the principal amount post-maturity for another 5-year term

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Eligibility Criteria for the Post Office Monthly Income Scheme

To open a POMIS account, the following eligibility conditions must be met:

Indian resident (NRIs not eligible)
Single adult or jointly with up to two others (maximum 3 holders)
Guardian can open an account for a minor or a person of unsound mind
Minors aged 10+ can open and operate the account in their name

How Can You Open a Post Office Monthly Income Scheme Account?

Opening a Post Office MIS account is simple and can be done at any India Post branch:

Open a Post Office Savings Account (if not already held).
Collect and complete the POMIS account opening form.
Submit the necessary documents:
- Photo ID and address proof (Aadhaar, Voter ID, Passport, etc.)
- Two passport-sized photographs
Add nominee details and the signature of a witness
Make the deposit via cash or cheque (account starts on cheque date)
Post verification, account details will be issued by the post office

Documents Required to Open an Account Under the Post Office Monthly Income Scheme (MIS Scheme)

Proof of Identity: Aadhaar, PAN, Passport, Voter ID, or Driving License
Address Proof: Aadhaar, utility bill, or any valid government-issued proof
Photographs: Two recent passport-size photos

Post Office MIS Interest Rate

The interest rate for the Post Office Monthly Income Scheme in 2025 has undergone a significant reduction, dropping from 8.40% to 7.4% annually, payable on a monthly basis. As of now, the interest rate for the Post Office MIS interest rate 2025 stands at 7.4% per annum. This rate applies to the interest period spanning from April to June 2025 and is payable monthly.

Post Office Monthly Income Scheme Interest Rate 2025 and History

Below are the MIS Post Office Interest Rate 2025 and the Post Office Monthly Income Scheme Interest Rate before that:

Period	Post Office MIS Interest Rate (Annual)
1st January 2025 onwards	7.4% (Post Office MIS Interest Rate Current)
1st April 2024 - 30th June 2024	7.4%
1st January 2024 - 31st March 2024	7.4%
1st October 2023 - 31st December 2023	7.4%
1st July-31st September 2023	7.4%
1st April 2023 - 30th June 2023	7.4%
1st January 2023 - 31st March 2023	7.1%
1st October 2022 - 31st December 2022	6.7%
1st April 2021 – 30th September 2022	6.6%
1st January 2018 – 30th June 2018	7.3%
1st July 2017 – 31st December 2017	7.5%
1st April 2017 – 30th June 2017	7.6%

Interest Rates as of April 2025

Early Withdrawal Penalty Rules for the Post Office Monthly Income Scheme

Premature withdrawal is allowed only after 1 year of account opening:

Before 1 year: Not permitted
1 to 3 years: 2% penalty on principal
3 to 5 years: 1% penalty on principal

Post Office Monthly Income Scheme vs Other Post Office Savings Schemes

Savings Scheme	Rate of Interest	TDS
Post Office Monthly Income Scheme	7.4%	No TDS is deducted
Post Office Recurring Deposit	6.7%	No TDS is deducted
Post Office Time Deposit	6.9%-7.5%	No TDS is deducted
National Savings Certificate	7.7%	TDS is deducted
Senior Citizen Saving Scheme	8.2%	TDS is deducted
Public Provident Fund	7.1%	TDS is deducted

Conclusion

The Post Office Monthly Income Scheme (MIS scheme) is a safe and secure investment option that offers substantial returns with a short lock-in period. The Monthly Income Scheme guarantees a fixed monthly income with an interest rate of 7.4% per annum. It is a perfect investment avenue for people who prefer debt investment with good returns.

Frequently Asked Questions

How is the individual account holder’s portion determined in a joint account?

Each joint account holder will possess an equal share in the joint account.
What if I choose not to withdraw the deposit amount upon maturity?

If you do not withdraw the deposit upon maturity, it will remain in the account and accrue simple interest based on the Post Office Savings Account rate for two years from maturity.
Is this scheme suitable for senior citizens?

Yes, it is beneficial for senior citizens as they can invest their life savings and earn interest to cover their monthly expenses.
What happens to my account if I relocate due to work?

If you move to a different city, you can transfer your POMIS account to the local Post Office at no additional charge.
What is the investment limit for POMIS in 2025?

The maximum deposit limit is Rs. 9 lakhs for an individual account and Rs. 15 lakhs for a joint account.
Can the nominee withdraw funds in the event of the investor's death before maturity?

Yes, nominees can apply for a death claim settlement immediately after the investor's death, regardless of whether the 5-year lock-in period is complete.
Can a single POMIS account be converted to a joint account?

Yes, conversion from a single to a joint account is possible, and vice versa.
What is the minimum balance required for a Post Office MIS scheme?

The minimum balance to be maintained is Rs. 1000.
How can a nominee or legal heir access the funds of a deceased depositor?

The nominee can present the death certificate to collect the entitled maturity amount. In the absence of a nominee, the legal heir can claim the estate.
What share does each account holder receive in a joint account?

Distribution is on a 50/50 basis, meaning each depositor in a joint account receives an equal share.

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Past 10 Years' annualised returns as on 01-08-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

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Post Office Monthly Income Scheme - MIS Interest Rate 2025

Features and Benefits of the Post Office Monthly Income Scheme (POMIS)

Eligibility Criteria for the Post Office Monthly Income Scheme

How Can You Open a Post Office Monthly Income Scheme Account?

Documents Required to Open an Account Under the Post Office Monthly Income Scheme (MIS Scheme)

Post Office MIS Interest Rate

Post Office Monthly Income Scheme Interest Rate 2025 and History

Early Withdrawal Penalty Rules for the Post Office Monthly Income Scheme

Post Office Monthly Income Scheme vs Other Post Office Savings Schemes

Conclusion

Frequently Asked Questions

How is the individual account holder’s portion determined in a joint account?

What if I choose not to withdraw the deposit amount upon maturity?

Is this scheme suitable for senior citizens?

What happens to my account if I relocate due to work?

What is the investment limit for POMIS in 2025?

Can the nominee withdraw funds in the event of the investor's death before maturity?

Can a single POMIS account be converted to a joint account?

What is the minimum balance required for a Post Office MIS scheme?

How can a nominee or legal heir access the funds of a deceased depositor?

What share does each account holder receive in a joint account?

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