CalcVind

Post Office MIS Calculator

Monthly income from the Post Office Monthly Income Scheme

Your Deposit

₹

₹9,00,000 · 9 lakh

%

Your Monthly Income

₹5,550Monthly interest
₹3,33,000Interest over 5 years
₹9,00,000Back at maturity
₹66,600
Yearly interest
₹12,33,000
Total received
  1. 1
    Pick single or joint
    Limits are ₹9 lakh and ₹15 lakh
  2. 2
    Enter the amount
    Multiples of ₹1,000
  3. 3
    See your monthly income
    Paid every month for 5 years

How is POMIS interest calculated?

POMIS pays simple interest every month on your deposit. Your principal stays the same and is returned after 5 years.

Monthly interest = deposit × rate ÷ 12 ÷ 100

At 7.4%, ₹1 lakh pays ₹617 a month

Who it suits

Retirees and anyone who wants a steady monthly payout with government backing. The interest is credited to your post office savings account and can be set to move into an RD automatically.

Tax and early closure

Interest is taxable at your slab rate and there's no 80C benefit. You can close the account after one year: 2% of the deposit is deducted between years 1 and 3, and 1% after that.

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Frequently asked questions

What is the current POMIS rate?

7.4% a year for October–December 2026. The rate on the day you open the account stays fixed for its 5 years.

Can I hold more than one MIS account?

Yes, but your total across all MIS accounts can't exceed ₹9 lakh (single), with joint accounts counting toward each holder's share.

Is the interest compounded?

No. POMIS pays out simple interest every month, so there is no compounding unless you reinvest it, for example in an RD.

These results are estimates for planning only, not financial, investment or tax advice. Rates and rules change, and your bank, fund house or employer may calculate slightly differently. Check with them or a qualified adviser before you decide.

Sources

Last reviewed: October 2026