The Post Office Monthly Income Scheme (POMIS) is a savings plan offered by the India Post that allows individuals to invest a lump sum amount and receive monthly interest payments. This scheme is designed for those seeking a steady income, making it suitable for retirees or anyone looking for regular cash flow. The minimum investment is ₹1,500, and the maximum limit is ₹4.5 lakh for individual accounts and ₹9 lakh for joint accounts. The interest rate for POMIS is set by the Government of India and is subject to periodic revisions. The current interest rate is 6.6% per annum, paid monthly. The investment has a maturity period of five years, and the principal amount is returned at the end of this term. Additionally, the scheme is backed by the government, making it a safe investment option.