Post Office Monthly Income Scheme (MIS) Calculator

Calculate guaranteed monthly interest payouts from the Government of India Post Office Monthly Income Scheme (POMIS) at 7.4% per annum for 5-year deposit tenures.

Interactive Post Office Monthly Income Scheme (MIS) Calculator
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Formula & Calculation Methodology

Monthly Guaranteed Interest Payout = (Deposit Amount × 7.4%) / 12. 100% Sovereign Principal Return after 5 Years.

Monthly\_Payout = \frac{Deposit \times 0.074}{12}

Step-by-Step Worked Example

Deposit Amount: ₹9,00,000 (Maximum Single Account Limit) | Interest Rate: 7.4% p.a. | Tenure: 5 Years

  1. 1. Annual Interest = ₹9,00,000 × 7.4% = ₹66,600
  2. 2. Monthly Guaranteed Income = ₹66,600 / 12 = ₹5,550/month
  3. 3. 5-Year Cumulative Interest Earned = ₹5,550 × 60 = ₹3,33,000
  4. 4. Principal Returned at Maturity (Year 5) = ₹9,00,000
Result: Guaranteed Monthly Income: ₹5,550/mo | 5-Yr Total Interest: ₹3,33,000 | Principal Returned: ₹9,00,000

Features & Limits of Post Office Monthly Income Scheme (POMIS)

The Post Office Monthly Income Scheme is a flagship sovereign savings instrument backed by the Ministry of Finance, Government of India. It offers guaranteed monthly interest income directly credited to your post office or linked bank savings account.

The maximum deposit ceiling is ₹9,00,000 for single accounts and ₹15,00,000 for joint accounts (held jointly by up to 3 adults). The scheme has a 5-year lock-in with premature closure facilities after 1 year.

Frequently Asked Questions

What is the maximum monthly income from Post Office MIS for a Joint Account?

With the maximum joint deposit of ₹15,00,000 at 7.4% p.a., you receive a guaranteed monthly income of ₹9,250 every month for 5 years.

Is Post Office MIS interest tax-free?

Interest earned is taxable as per your income tax slab, but no TDS is deducted at source by the Post Office.

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