Post Office MIS Calculator
Post Office MIS Projection
Monthly Interest Income
₹616.67
Principal Amount
₹1,00,000
Total Interest Earned
₹37,000
Maturity Amount
₹1,00,000
Effective Annual Yield
7.4%
Post Office MIS Key Features
Benefits
- Guaranteed monthly income
- Government-backed security
- 7.4% interest rate (July 2026)
- Tax benefits under Section 80C
- Nomination facility available
Rules
- Minimum deposit: ₹1,000
- Maximum deposit: ₹9 lakh (single)
- ₹15 lakh maximum limit for joint account
- Fixed 5-year tenure
- Premature withdrawal after 1 year
Current Post Office Scheme Rates (July 2024)
| Scheme | Interest Rate | Tenure |
|---|---|---|
| Monthly Income Scheme (MIS) | 7.4% | 5 years |
| Time Deposit (1 year) | 6.9% | 1 year |
| Time Deposit (5 years) | 7.5% | 5 years |
| Senior Citizen Savings Scheme | 8.2% | 5 years |
How Post Office MIS Works
- Deposit Amount: Invest between ₹1,000 to ₹9 lakh
- Monthly Payouts: Receive interest every month
- Tenure: Fixed 5-year period
- Maturity: Get back principal amount
- Taxation: Interest is taxable as per your income slab
MIS vs Other Post Office Schemes
| Feature | MIS | Time Deposit | SCSS |
|---|---|---|---|
| Interest Rate | 7.4% | 7.5% | 8.2% |
| Payout Frequency | Monthly | Quarterly/At maturity | Quarterly |
| Tenure | 5 years | 1-5 years | 5 years |
| Max Investment | ₹9 lakh | No limit | ₹30 lakh |
Post Office MIS Calculator 2026: Calculate Monthly Pension & Fixed Income Returns
Welcome to the Post Office MIS (Monthly Income Scheme) Calculator on FDCalculator.co.in. Backed by the sovereign guarantee of the Government of India, the Post Office Monthly Income Scheme (POMIS) is a premier low-risk savings option designed for retirees, senior citizens, and risk-averse investors seeking predictable, steady monthly cash flows.
Whether you are reinvesting a lump-sum retirement corpus or planning guaranteed monthly income for your household expenses, our free online calculator helps you instantly estimate your monthly interest payouts and total 5-year returns.
Current Post Office MIS Interest Rates & Investment Limits
- Current Interest Rate: 7.4% per annum (paid out monthly).
- Single Account Limit: Maximum deposit up to ₹9,000,000 (₹9 Lakhs).
- Joint Account Limit: Maximum deposit up to ₹1,50,0000 (₹15 Lakhs) (held jointly by up to 3 adults).
- Mandatory Tenure: Fixed lock-in period of 5 years (60 months).
- Minimum Investment: ₹1,000 (in multiples of ₹1,000).
How Post Office MIS Interest is Calculated
Unlike compounding fixed deposits, the Post Office Monthly Income Scheme pays out fixed, uncompounded interest directly into your linked savings account at the end of every month.
The simple annual payout formula is:
$$\text{Annual Interest} = \text{Deposit Amount} \times \left( \frac{\text{Interest Rate}}{100} \right)$$
$$\text{Monthly Income Payout} = \frac{\text{Annual Interest}}{12}$$
Practical Calculation Example
If you deposit the maximum single account limit of ₹9,00,000 at the current 7.4% p.a. rate:
$$\text{Annual Interest} = 9,00,000 \times 0.074 = \text{₹66,600}$$
$$\text{Monthly Income Credit} = \frac{66,600}{12} = \text{₹5,550 per month}$$
Over 5 years (60 months), you will receive a total interest payout of ₹3,33,000, and your original principal amount of ₹9,00,000 is returned to you fully intact at maturity.
Illustrative Post Office MIS Payout Scenarios (At 7.4% p.a.)
| Deposit Amount | Account Type | Monthly Income Payout | Total Interest over 5 Years | Principal Returned at Maturity |
| ₹1,00,000 | Single / Joint | ₹617 / month | ₹37,000 | ₹1,00,000 |
| ₹3,00,000 | Single / Joint | ₹1,850 / month | ₹1,11,000 | ₹3,00,000 |
| ₹5,00,000 | Single / Joint | ₹3,083 / month | ₹1,85,000 | ₹5,00,000 |
| ₹9,00,000 | Max Single | ₹5,550 / month | ₹3,33,000 | ₹9,00,000 |
| ₹15,00,000 | Max Joint | ₹9,250 / month | ₹5,55,000 | ₹15,00,000 |
Key Benefits of Post Office MIS
- 100% Sovereign Safety: Operated directly under the Department of Posts, Government of India, your capital carries zero credit risk.
- Predictable Monthly Liquidity: Interest is credited directly to your post office savings account or auto-transferred to your bank account via ECS/NACH on the same date every month.
- No TDS Deducted: India Post does not deduct Tax Deducted at Source (TDS) on POMIS interest earnings.
- Premature Withdrawal Facility: You can prematurely exit the scheme after completing 1 year, subject to a nominal penalty (1.5% deduction on principal between 1 to 3 years; 1% deduction after 3 years).
Frequently Asked Questions
1. What is the current interest rate for Post Office MIS?
The current interest rate for the Post Office Monthly Income Scheme is 7.4% per annum, credited monthly.
2. Is there any tax benefit under Section 80C for Post Office MIS?
No. Investments in the Post Office Monthly Income Scheme do not qualify for tax deductions under Section 80C of the Income Tax Act.
3. Are POMIS monthly payouts fully taxable?
Yes. Interest income received from Post Office MIS is fully taxable and must be reported under “Income from Other Sources” in your tax filings according to your applicable income tax bracket.