The central government of India launched the Post Office Monthly Income Scheme Calculator (POMIS) 2025. With the help of the online calculator, those who have invested under the scheme can easily check their maturity amount in the comfort of their homes without visiting anywhere. To use the POMIS calculator online the citizens just need to enter their deposit amount, time, and current interest rate which will also be available. All the citizens who are permanent residents of India are eligible to avail the Post Office Monthly Income Scheme benefits. The citizens can just visit the official website and fill out the application form to avail the benefits of the POMI scheme.
About Post Office Monthly Income Scheme
The scheme was introduced by the central government of India to give a secure option to all the citizens of India who want to invest their money without bearing any risk. All the citizens who want to avail the benefits of the scheme can open an account for themselves or they can open up a joint account where a maximum of three citizens can invest money in one account. The minimum amount to be deposited under the scheme is INR 1000. The maximum amount to deposit under the scheme is INR 9 lakh or in the case of a joint account it is INR 15 lakh.
Also Read: Post Office Scheme for Women
Key Highlights of Post Office Monthly Income Scheme Calculator
| Key Highlights | Details |
| Name of the Scheme | Post Office Monthly Income Scheme Calculator |
| Launched By | Government of India |
| Launch Date | 1987 |
| Announced By | Prime Minister of India |
| Purpose | Provide investment opportunity |
| Beneficiaries | Citizens of India |
| Target Beneficiaries | Diesel who want to invest their money |
| Advantage | High interest rate |
| Eligibility Criteria | Permanent resident of India |
| Required Documents | Aadhaar Card, Bank account, Post office account details |
| Application Process | Online |
| Official Website | |
| Financial Commitment | |
| Expected Benefits | Provide an interest rate of 7.4% |
| Contact Number | 1800 266 6868 |
Eligibility Criteria
- The citizen must be a permanent resident of India.
- Only three adults are eligible to open up a joint account.
- A Guardian can open up an account on behalf of a minor or mentally unsound person.
- A minor above the age of 10 years can open an up account in his own name.
Silent Features of Post Office Monthly Income Scheme
- Easy deposit: With the help of the minimum deposit of INR 1000 financially unstable citizens can also deposit their money under the scheme.
- High interest rate: The interest rate that is available under the scheme is comparatively higher than any other savings or post office account.
- Low risk: Since the scheme is backed by the government of India the citizens did not have to bear any risk to invest their money and earn high interest.
- Maximum limit: All the citizens who want to invest their money can invest a maximum of INR 9 lakh in a single account and INR 15 lakh in a joint account.
Also Read: Mahila Samman Savings Certificate Calculator
Post Office Monthly Income Scheme Formula
The formula to calculate income under the scheme is
- (POMIS) monthly interest = Amount Invested * Annual Interest Rate/12
Interest Rates
- The current interest rate under the Post Office Monthly Income Scheme is 7.4% per annum.
Maturity and Withdrawal
- Account holders can close their account after completing 5 years from the date of opening by submitting the prescribed application form along with other documents like a passbook at the concerned post office.
- In case the account holder dies before the maturity period the account will be closed permanently and the total amount will be refunded to the legal nominee of the account holder. Interest will be paid up to the preceding month, in which a refund is made.
Premature Closure
- The account holder cannot withdraw any deposit from the account before the completion of one year from the date of deposit.
- If the account holders decide to close their account after 1 year and before the completion of 3 years, the deduction of 2% of the principal amount will be deducted and the remaining amount will be paid.
- If the account is closed after 3 years and before 5 years from the date of account opening a deduction equal to 1% from the principal amount will be deducted and the remaining will be paid.
- The account can be prematurely closed by the account holder by submitting the prescribed application form with a passbook at the concerned post office.
Features of Post Office Monthly Income Scheme Calculator
- To use the Post Office Monthly Income Scheme Calculator the citizens must need to enter their deposit amount and time period to get the majority amount.
- The citizens did not have to worry about the current interest rate because the interest rate is automatically determined by the calculator.
- The formula that is followed by the Post Office Monthly Income Scheme calculator to calculate income is monthly interest = Amount Invested * Annual Interest Rate/12.
- There are multiple websites available on the Internet that provide the Post Office Monthly Income scheme calculator.
Post Office Monthly Income Scheme Calculator
Monthly Interest: ₹0
Benefits of Post Office Monthly Income Scheme Calculator
- With the help of the POMI calculator, citizens can instantly check their amount without wasting any time and effort.
- The calculators will provide the citizens with accurate results without any chance of any error in the calculation.
- The estimation from the calculator will give a clear idea to all the citizens about how much they will receive after investing a certain amount of money.
- By checking the returns the citizens can plan their future according to the return they will receive.
How to Use Post Office Monthly Income Scheme Calculator
STEP 1: All the citizens who want to use the Post Office Monthly Income Scheme Calculator are requested to the official website by clicking on the link here.
STEP 2: Now the citizens must enter their investment amount. The period at investment amount will be autogenerated by the system.
STEP 3: The monthly amount will now appear on your desktop screen.
Contact Details
- Phone No:- 1800 266 6868
FAQs
What is the interest rate under the Post Office Monthly Income Scheme?
The interest rate under the Post Office Monthly Income Scheme is 7.4%.
What is the tenure of the deposit under the Post Office Monthly Income Scheme?
The tenure of the deposit under the Post Office Monthly Income Scheme is 5 years.
What is the formula to calculate the Post Office Monthly Income Scheme?
The formula to calculate the Post Office Monthly Income Scheme is monthly interest = Amount Invested * Annual Interest Rate/12.