Post Office MIS Interest Rate : POMIS aka Post Office Monthly Income Scheme is a low risk with guaranteed returns scheme. In POMIS, you invest a lump sum amount and enjoy regular monthly returns on it. Currently POMIS provides 7.4 % of annual interest rate.
- The government has increased the interest rates on small savings schemes by up to 70 basis points for the April-June 2023 quarter. (1 percentage point = 100 basis points).
- Post Office Monthly Income Scheme (POMIS) will give the interest rate of 7.4 % for April 1, 2023 till June 30, 2023.
Post Office MIS (POMIS) Interest Rate Historical Data
|Period||Interest Rate (% per annum)|
|01-Apr-2023 to 30-Jun-2023||7.40%|
|01-Jan-2023 to 31-Mar-2023||7.10%|
|01-Oct-2022 to 31-Dec-2022||6.70%|
|01-Jul-2022 to 30-Sep-2022||6.60%|
|01-Apr-2022 to 30-Jun-2022||6.60%|
|01-Oct-2020 to 31-Mar-2022||6.60%|
|01-Apr-2020 to 30-Sep-2020||6.60%|
|01-Jan-2020 to 31-Mar-2020||7.60%|
|01-Oct-2019 to 31-Dec-2019||7.60%|
|01-Jul-2019 to 30-Sep-2019||7.60%|
|01-Oct-2018 to 30-Jun-2019||7.70%|
|01-Jan-2018 to 30-Sep-2018||7.30%|
|01-July-2017 to 31-Dec-2017||7.50%|
|01-Apr-2017 to 30-Jun-2017||7.60%|
|01-Oct-2016 to 31-Mar-2017||7.70%|
|01-Apr-2016 to 30-Sep-2016||7.80%|
|01-Apr-2013 to 31-Mar-2016||8.40%|
|01-Apr-2012 to 31-Mar-2013||8.50%|
|01-Dec-2011 to 31-Mar-2012||8.20%|
|02-Aug-2004 to 30-Nov-2011||8.00%|
|01-Mar-2003 to 01-Aug-2004||8.00%|
|01-Mar-2002 to 28-Feb-2003||9.00%|
|01-Mar-2001 to 28-Feb-2002||9.50%|
|15-Jan-2000 to 28-Feb-2001||11.00%|
|01-Jan-1999 to 14-Jan-2000||12.00%|
|02-Sep-1993 to 31-Dec-1998||13.00%|
|24-Apr-1992 to 01-Sep-1993||14.00%|
|15-Aug-1987 to 23-Apr-1992||12.00%|
Post Office MIS Interest Rate FAQs
Post Office MIS is the most popular risk-free savings scheme which provides decent guaranteed returns on your investment.
Interest rate on Post Office MIS is calculated on a monthly basis and paid at the end of each month from the date of opening until the maturity. If the account holder does not claim the interest, the interest will not accrue any further interest.
All single adults, up to 3 adults (jointly), a guardian on behalf of minor or minor above 10 years in his/her own name can open a Post Office MIS account.
You can open multiple POMIS accounts in your name. But the total investment in all the accounts should not exceed Rs. 4.5 lakhs.
POMIS accounts don’t offer any tax benefit under section 80C. Interest amount is taxable.
The lock-in period for post Office MIS is 5 years.
The Post Office allows premature withdrawal after 1 year. This withdrawal comes with a penalty. If you withdraw before 3 years, 2% gets deducted on deposit. If you withdraw after 3 years, 1% gets deducted on deposit.