Updated – June 2023
Post Office Monthly Income Scheme (PO-MIS) is one of the most popular savings options that is used by many in India (2023). It’s a fixed income savings scheme which provides monthly interest income, which is something that many retirees need.
So, if you are looking for the Updated Post Office Monthly Income Scheme POMIS interest rate history, then this article lists down the all the changes in POMIS Interest Rates from 1987 to June-2023.
As of today (June 2023), the rate of interest on POMIS is 7.40% per annum
Let’s now have a look at the interest rate history of POMISE.
Post Office Monthly Income Scheme (POMIS) Interest Rate Historical Data (1987-2023)
This history of Post Office Monthly Income Scheme or POMIS interest rate in last 35+ years has been as follows:
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 15-08-1987 to 23-04-1992 – 12% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 24-04-1992 to 01-09-1993 – 14% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 02-09-1993 to 31-12-1998 – 13% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-01-1999 to 14-01-2000 – 12% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 15-01-2000 to 28-02-2001 – 11% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-03-2001 to 28-02-2002 – 9.5% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-03-2002 to 28-02-2003 – 9% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-03-2003 to 30-11-2011 – 8% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-12-2011 to 31-03-2012 – 8.2% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-04-2012 to 31-03-2013 – 8.5% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 01-04-2013 to 31-03-2016 – 8.4% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.4.2016 to 30.9.2016 – 7.8% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.10.2016 to 31.3.2017 – 7.7% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.4.2017 to 30.6.2017 – 7.6% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.7.2017 to 31.12.2017 – 7.5% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.1.2018 to 30.9.2018 – 7.3% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.10.2018 to 30.6.2019 – 7.7% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.07.2019 to 31.03.2020 – 7.6% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.4.2020 to 30.09.2022 – 6.6% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.10.2022 to 31.12.2022 – 6.7% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.1.2023 to 31.03.2023 – 7.1% per annum.
- Post Office Monthly Income Scheme (PO-MIS) Interest Rate from 1.4.2023 to 30.06.2023 – 7.4% per annum.
So that was about the updated history of Post Office Monthly Income Scheme or POMIS interest rate history (2023) in India.