Post Office Schemes: Deposit ₹2,00,000 and Earn ₹29,776 Interest – Full Details

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?