Post Office Monthly Income Scheme: Steady Monthly Income for Women, Youth, Seniors, and Families under Central Government Initiative

To ensure the financial well-being of every citizen, the Central Government is running various welfare schemes targeted at women, children, senior citizens, and youth. One such scheme is the Post Office Monthly Income Scheme (POMIS), which offers a fixed monthly income on investment. If you are looking for a secure, government-backed income plan, this scheme could be highly beneficial.

What is the Post Office Monthly Income Scheme (POMIS)?

POMIS is a small savings scheme launched by the Central Government through India Post. It is designed to provide investors with a regular monthly income in the form of interest. Under this scheme:

A maximum of ₹9 lakh can be invested in a single account.

A joint account can accept up to ₹15 lakh.

In a joint account, all account holders are assumed to have an equal share in the investment.

Earn Over ₹9,000 Per Month by Investing in POMIS

This scheme allows individuals to invest up to ₹9 lakh (single account) or ₹15 lakh (joint account). Starting from one month after the deposit date, investors begin receiving monthly interest. As per current calculations:

If ₹15 lakh is invested in a joint account, the investor earns ₹9,250 per month at the current 7.4% interest rate.

For a ₹9 lakh investment, the monthly income is approximately ₹5,700.

Most importantly, the invested amount remains 100% safe, as this is a government-guaranteed scheme. Monthly interest payouts make it ideal for those seeking financial stability.

Who Can Invest in POMIS?

Any adult Indian citizen can open an account.

Minors above 10 years of age can also open an account in their name.

Parents or guardians can open accounts on behalf of younger minors.

It is important to note that the deposited amount is locked in for 5 years. However, in case of emergencies, early withdrawal is allowed after one year, subject to nominal penalties. For detailed withdrawal rules, users are advised to visit the official India Post website.