POMIS calculator

See the monthly income from the Post Office Monthly Income Scheme after tax, and how it compares with the best monthly-payout bank FD.

Questions people ask

How much can I invest in POMIS?

From ₹1,000 up to ₹9 lakh in a single account, or ₹15 lakh in a joint account of up to 3 adults.

How is the interest paid?

Every month, into your post office savings account. It does not compound, so the monthly amount stays the same for all 5 years.

Can I close POMIS early?

Not in the first year. Closing in years 1 to 3 costs 2% of the deposit, and after 3 years 1%.

Is POMIS interest taxable?

Yes. It is added to your income and taxed at your slab, and the deposit gets no Section 80C deduction.

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