Post Office Monthly Income Scheme (POMIS) interest rate for July-September 2026 declared

The ministry has decided to keep the POMIS interest rate unchanged at 7.4%.

"The rates of interest on various Small Savings Schemes for the second quarter of FY 2026-27, starting from July 1, 2026, and ending on September 30, 2026, shall remain unchanged from those notified for the first quarter (March 1, 2026, to June 30, 2026) of FY 2026-27," the Finance Ministry said in a notification.

POMIS allows an individual to invest up to ₹9 lakh in his/her individual account and up to ₹15 lakh in a joint account.

At 7.4% interest rate, an investment of ₹9 lakh in a POMIS account return a monthly income of ₹5500. An investment of ₹15 lakh in a joint POMIS account can result in ₹9250 monthly income.

You can open a POMIS account only at a post office and earn a monthly income by depositing a lump sum. While the scheme is very popular among senior citizens because of guaranteed monthly interest income, the POMIS interest rate has remained unchanged since April 1, 2023.

The POMIS account can be opened by a single adult or jointly by up to 3 adults. A guardian on behalf of a minor, or on behalf of a person of unsound mind, can also open this account. The Post Office also allows a minor above 10 years to open a POMIS account in his/her own name.

The next review of the POMIS account interest rate will be done on September 30, 2026.