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Post Office MIS Calculator

Calculate monthly income from the Post Office Monthly Income Scheme (POMIS) at the current rate. Single and joint account limits. Free MIS calculator.

Monthly income
₹5,550
Yearly income
₹66,600
Total interest over 5 years
₹3,33,000
Deposit returned at maturity
₹9,00,000

The scheme runs for 5 years and pays interest monthly. The interest is taxable.

Monthly income from the Post Office

The Post Office Monthly Income Scheme pays interest every month on a one-time deposit for 5 years, then returns the deposit. The limit is ₹9 lakh in a single account and ₹15 lakh in a joint account. At 7.4% a year, ₹9 lakh pays ₹5,550 a month, ₹66,600 a year and ₹3.33 lakh over 5 years. The interest is taxable, and there's no TDS. It suits retirees who want a fixed monthly income with government backing.

How to use it

  1. 1

    Enter your deposit

    Up to ₹9 lakh single or ₹15 lakh joint.

  2. 2

    Choose the account type

    Single or joint, and the current rate.

  3. 3

    See your income

    Monthly and yearly income and total interest.

Frequently asked questions

What is the POMIS interest rate?

7.4% a year, paid monthly. The government reviews small savings rates every quarter.

Can I withdraw early?

After 1 year, with a 2% deduction from the deposit before 3 years and 1% between 3 and 5 years.

Is MIS interest taxable?

Yes, it's added to your income. There's no Section 80C benefit.

Is anything stored?

No. Nothing you type is sent anywhere.

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