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RAS question

What is the interest rate on Post Office Monthly Income Scheme (POMIS) for Jan-Mar 2026?

Correct answer: (C) 7.4%.

The Post Office Monthly Income Scheme rate for January-March 2026 is 7.4% per annum.

  1. (A)

    6.7%

  2. (B)

    7.1%

  3. (C)

    7.4%

  4. (D)

    7.7%

Explanation

The Department of Economic Affairs annual report lists the interest rates on small savings instruments for FY 2025-26 quarter by quarter. In that table, the instrument shown as "5 Year MIS" has a rate of 7.4% in Quarter IV, which is the quarter relevant to January-March 2026. That directly supports the given POMIS rate: Post Office Monthly Income Scheme is 7.4% per annum for Jan-Mar 2026. The point tested here is not a formula or a trend; it is whether the candidate can identify the scheme-specific rate from the Government's quarter-wise small savings rate table instead of mixing it up with time deposits, recurring deposits, or senior-citizen schemes.

Why the other options are wrong

  • (A) 6.7% is shown in the same DEA rate table for the 5 Year Recurring Deposit, not for the 5 Year MIS/POMIS entry.
  • (B) 7.1% belongs to another small-savings instrument in the table, the 3 Year Time Deposit, while 5 Year MIS is listed at 7.4%.
  • (D) 7.7% overstates the notified MIS rate because the DEA table gives 7.4% for the 5 Year MIS in Quarter IV of FY 2025-26.

Concept

This tests the Indian Economy syllabus area on administered interest rates and small savings schemes. RAS repeatedly asks such figures because they link household savings, government-backed instruments and current economic policy notifications.

Source

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