Post Office
If you’re a couple planning a secure and tax-saving investment with guaranteed returns, the Post Office Monthly Income Scheme (POMIS) might be the perfect option. Backed by the Government of India, this scheme is a low-risk and steady income option especially ideal for conservative investors, including senior citizens and married couples.
What Is the Post Office Monthly Income Scheme (POMIS)?
POMIS is a fixed income scheme offered by India Post. It allows individuals or joint account holders to invest a lump sum and receive monthly interest. As of 2025, the interest rate is 7.4% per annum, paid out monthly.
The maximum investment per individual is ₹9 lakh, while a joint account (up to 3 adults) can invest up to ₹15 lakh. This opens the door for a husband and wife to strategically invest and earn passive income every month.
How Couples Can Benefit: Earn ₹13 Lakh in 5 Years
Let’s break it down with an example:
- Husband and wife open a joint POMIS account
- Invest ₹15 lakh (the joint maximum limit)
- Interest rate: 7.4% per annum
- Monthly return: ₹9,250
- Over 5 years: ₹9,250 x 60 months = ₹5,55,000
- Total return at maturity: ₹15,00,000 (principal) + ₹5,55,000 (interest) = ₹20,55,000
Now, if the couple splits the investment into two single accounts of ₹7.5 lakh each, they still stay within the individual limit and collectively invest ₹15 lakh. The total return remains nearly the same.
By re-investing the monthly interest or depositing it in other saving instruments like RD (Recurring Deposit) or PPF (Public Provident Fund), couples can further enhance the total corpus to approximately ₹13 lakh in earnings over 5 years, depending on compounding returns.
Key Benefits of POMIS for Couples
- Guaranteed Monthly Income: Ideal for meeting household or retirement expenses.
- Joint Account Advantage: Higher investment limit means more monthly income.
- Capital Protection: 100% government-backed, making it risk-free.
- Flexible Withdrawal: Though the tenure is 5 years, premature withdrawals are allowed with a small penalty after 1 year.
- Tax Efficiency: While interest is taxable, there’s no TDS (Tax Deducted at Source), giving flexibility in tax planning.
How to Open a POMIS Account?
- Visit your nearest India Post Office.
- Fill out the POMIS Account Opening Form.
- Provide KYC documents (Aadhaar, PAN, address proof).
- Make an initial deposit via cash or cheque.
The account can be opened individually, jointly (ideal for husband and wife), or even on behalf of a minor.
Additional Advantages of Post Office Scheme for Husband and Wife
- No Market Risk
Unlike mutual funds or stocks, the Post Office Scheme is government-backed, which means your principal amount is fully secure. Couples looking to avoid market volatility can invest with peace of mind. - Simple and Easy to Manage
Opening and managing a Post Office Monthly Income Scheme account is straightforward, with minimal paperwork. Couples who prefer hassle-free investments will find this scheme convenient. - Monthly Income Helps Budgeting
Receiving interest monthly allows couples to plan their household budgets better. Whether it’s for daily expenses or EMI payments, a steady monthly income stream is a big relief.
