Post Office MIS Calculator
Monthly income from the Post Office Monthly Income Scheme.
Account type
Single: up to ₹9 lakh. Joint: up to ₹15 lakh.
7.4% for October–December 2026.
Your result
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Enter your numbers to see the result.
This Post Office MIS calculator shows the monthly income you get from the Post Office Monthly Income Scheme. Enter your deposit and choose a single or joint account; at the current rate of 7.4%, it shows the monthly payout, the yearly and total interest over 5 years, and checks that you are within the deposit limit.
What is a Post Office MIS Calculator?
The Post Office Monthly Income Scheme (POMIS) is a government-backed small savings scheme that pays you interest every month. You deposit a lump sum for 5 years, receive a fixed monthly payout, and get your deposit back at the end.
The maximum deposit is ₹9 lakh in a single account and ₹15 lakh in a joint account of up to three adults. It is popular with retirees and anyone who wants steady, predictable monthly income. A Post Office MIS calculator shows exactly how much that income will be.
How does the Post Office MIS Calculator work?
POMIS pays simple interest every month. The monthly income is the deposit multiplied by the yearly rate and divided by 12. Interest does not compound inside the scheme; it is paid out to your savings account.
The calculator also checks your deposit against the single or joint account limit.
How to use the Post Office MIS Calculator step by step
- Choose a single or joint account.
- Enter your deposit amount within the limit.
- Check the POMIS rate, pre-filled with the current rate.
- Read the monthly income and total interest.
- Plan how the monthly payout fits your expenses.
- Copy or download the result.
Post Office MIS Calculator example with real numbers
You retire and deposit the maximum ₹9,00,000 in a single Post Office Monthly Income Scheme account.
| Example input | Value |
|---|---|
| Account type | Single |
| Deposit amount | ₹9,00,000 |
| POMIS interest rate | 7.4% |
| Example output | Value |
|---|---|
| Monthly income | ₹5,550 |
| Total interest over 5 years | ₹3,33,000 |
| Deposit returned at maturity | ₹9,00,000 |
| Total received | ₹12,33,000 |
| TDS by post office | Not deducted on POMIS interest |
The Post Office MIS calculator shows a monthly income of ₹5,550. Over 5 years you receive ₹3,33,000 in interest, and the full deposit is returned at maturity.
Key features of this Post Office MIS Calculator
- Single and joint account limits checked
- Current 7.4% rate pre-filled
- Monthly and yearly income
- Total interest over 5 years
- Tax note
Who should use the Post Office MIS Calculator?
Who is this Post Office MIS Calculator for?
- Retirees wanting a monthly payout
- Families looking for safe regular income
- Joint account holders, such as couples
- Anyone parking money for 5 years with income
Practical use cases
- Checking the income from the maximum ₹9 lakh deposit
- Comparing single and joint account income
- Comparing POMIS with SCSS or an FD’s monthly payout
- Building a ladder of monthly income sources
Key benefits
- Predictable: fixed monthly income.
- Safe: backed by the Government of India.
- Clear limits: warns if you exceed the maximum.
- Simple: three inputs.
Tips for better results
- Link a post office savings account to receive the monthly interest.
- Senior citizens may earn more in SCSS; compare both.
- Consider reinvesting the monthly income through an RD if you do not need it.
- Interest is taxable; plan for it in your return.
Common mistakes to avoid
- Depositing above the limit.
- Assuming the income is tax-free.
- Closing before 1 year, which is not allowed.
- Forgetting the deduction on early closure (2% before 3 years, 1% after).
Limitations of this Post Office MIS Calculator
- It assumes the rate at opening for all 5 years, which is how POMIS works.
- Premature closure deductions are not modelled.
- It does not calculate your tax.
Post Office MIS Calculator vs other ways to calculate
| Option | Rate | Payout | Limit |
|---|---|---|---|
| POMIS | 7.4% | Monthly | ₹9 lakh single / ₹15 lakh joint |
| SCSS (60+) | 8.2% | Quarterly | ₹30 lakh |
| Bank FD (monthly payout) | Varies | Monthly | No limit |
| SWP from mutual fund | Market-linked | Monthly | No limit |
If you are 60 or older, the SCSS calculator usually shows a higher income. For flexible income from investments, compare the SWP calculator.
Privacy and data handling
This Post Office MIS Calculator runs entirely in your browser. The numbers you type are not sent to Qorico or stored on any server, and nothing is saved after you close the page. The Copy and Download buttons create the result on your own device. If the page has analytics turned on, it may count that a calculation happened, but it does not record the values you entered.
Post Office MIS Calculator FAQs
How much monthly income does POMIS give?
At 7.4%, every ₹1 lakh pays about ₹617 a month. The maximum single deposit of ₹9 lakh pays ₹5,550 a month.
What is the maximum MIS deposit?
₹9 lakh in a single account and ₹15 lakh in a joint account.
Is MIS interest taxable?
Yes. It is taxed at your slab rate. The post office does not deduct TDS on POMIS interest, so you must declare it.
Can MIS be closed before 5 years?
Yes, after 1 year. A 2% deduction applies between 1 and 3 years, and 1% after 3 years.
What is the current POMIS rate?
7.4% a year, paid monthly, for October–December 2026.
What happens at maturity?
After 5 years the deposit is returned. You can reinvest it in a new account at the rate then in force.
Related tools
Sources and references
We checked the method and the current figures used in this Post Office MIS Calculator against these official and primary sources:
- National Savings Institute: small savings schemes
- India Post: Post Office Savings Schemes
- Department of Economic Affairs, Ministry of Finance
Written and reviewed by the Qorico Team
