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Home  ❯  Finance  ❯  PO MIS

Post Office Monthly Income Scheme (PO MIS)

Post Office Small Saving Calculators
SIP, RD, TD and Annuity Calculators

Post Office Monthly Income Scheme (MIS) is meant for investors who want to invest a sum amount initially and earn interest on a monthly basis for their livelihood. The scheme is, therefore, more beneficial for retired persons.

Important Changes in the scheme :

Salient features of POMIS Accounts

Please click / tap on feature name to hide / view its content.

Any individual singly or jointly with other one or two adults.

A guardian on behalf of minor or a person of unsound mind.

A minor who has attained the age of 10 years.

₹ 1,500/-
₹ 4.5 lakhs in single account and ₹ 9 lakhs in joint account.

Where amount is deposited in excess of the specified limit, the depositor shall be requested to withdraw the same. Such excess deposit shall carry the POSB interest rate from the date of deposit till the date of withdrawal.

Any number of accounts can be opened subject to the maximum prescribed limit for deposit.

Six years for accounts opened upto 30th November 2011.
Five years for accounts opened after 1st December 2011.
Upto 30.11.20118.00% p.a. + bonus of 5 % of the deposit amount on maturity after six years)
01.12.2011 to 31.03.20128.20% p.a. (No bonus is payable on accounts opened on or after 01.12.2011.)
01.04.2012 to 31.03.20138.50% p.a.
01.04.2013 to 31.03.20168.40% p.a.
01.04.2016 to 30.09.20167.80% p.a.
01.10.2016 to 31.03.20177.70% p.a.
01.04.2017 to 30.06.20177.60% p.a.
01.07.2017 to 31.12.20177.50% p.a.
01.01.2018 to 30.09.20187.30% p.a.
01.10.2018 to 30.06.20197.70% p.a.
01.07.2019 to 31.03.20207.60% p.a.
01.04.2020 onwards6.60% p.a.
Can be prematurely encashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. (Discount means deduction from the deposit.)

No bonus is applicable to any premature closure of the Account.

Not available.
0.5% w.e.f. 1st December 2011.

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Updated : Mar 31, 2020