Scheme Name: Post Office Monthly Income Scheme (POMIS)
Deposit Amount: ₹2,00,000
Interest Rate: 7.4% per annum (as of 2025)
Interest Earned: ₹29,776 over 5 years
Tenure: 5 years
Monthly Payout: ₹1,241
✅ Key Features:
Guaranteed Returns: Fixed monthly interest payout.
Risk-Free Investment: Backed by the Government of India.
Maximum Deposit Limit: ₹9 lakh for individual accounts and ₹15 lakh for joint accounts.
Taxation: Interest is taxable but no TDS is deducted.
💡 Example Calculation:
Principal: ₹2,00,000
Annual Interest: ₹14,880 (₹2,00,000 × 7.4%)
Total Interest (5 years): ₹74,400
Monthly Interest: ₹1,241
Effective Returns: ₹29,776 after 5 years.
👉 How to Invest:
Visit your nearest post office.
Fill out the POMIS application form.
Submit KYC documents (ID proof, address proof, and PAN card).
Make the deposit and start receiving monthly interest.
Would you like more details on other post office schemes or a comparison with bank FDs?