About Post Office MIS Calculator
Plan your monthly income with our Post Office MIS Calculator. Enter your one-time deposit and current interest rate to see fixed monthly income, annual returns, and total interest over the 5-year tenure — India's government-backed Monthly Income Scheme with deposits up to ₹9L (single) or ₹15L (joint).
MIS Interest Formula
Use these standard formulas for accurate estimates:
Monthly interest
Total returns
Deposit limits
Example Calculation
Example: ₹5,00,000 @ 7.4% (single account)
| Component | Value |
|---|---|
| Deposit | ₹5,00,000 |
| Monthly income | ₹3,083 |
| Annual income | ₹37,000 |
| Total interest (5 yrs) | ₹1,85,000 |
| Principal at maturity | ₹5,00,000 |
Benefits of Using This Calculator
Instant results with standard financial formulas
Clear charts and tables for better decisions
Mobile-friendly — works on any device
100% free — no signup or data stored on servers
Built for Indian investors and taxpayers
Compare scenarios side-by-side where applicable
Frequently Asked Questions
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Post Office Monthly Income Scheme (POMIS) is a 5-year savings scheme where you deposit a lumpsum and receive fixed monthly interest. At maturity, the principal is returned in full.
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Single account: max ₹9,00,000; Joint account: max ₹15,00,000 (as revised in 2023). Each joint holder gets a share proportionally.
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Yes. Monthly interest is fully taxable at your income slab. TDS is not deducted by post offices, so investors must declare and pay self-assessment tax.
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Premature withdrawal is allowed after 1 year with a penalty: 2% deducted if withdrawn between 1–3 years, 1% if withdrawn after 3 years.
Explore More Income & Savings Calculators
SCSS, FD, RD and NSC calculators — all free on Investro.
Conclusion
MIS suits retirees and conservative investors who need regular monthly income from a lumpsum. The principal is returned at maturity, making it a low-risk complement to SCSS. For higher income, combine MIS accounts (within limits) and consider FD ladder for varied maturity.