Post Office MIS Calculator
The Post Office Monthly Income Scheme (POMIS) pays a fixed amount every month on a lump-sum deposit, making it popular with those who want steady, low-risk income. This POMIS calculator takes your deposit and the current rate and returns the exact monthly payout over the 5-year term. It helps you decide how large a deposit you need to cover a target monthly income before you invest.
Max ₹9 lakh single / ₹15 lakh joint.
Monthly Income
₹5,550
Total Interest (5 yrs)
₹3,33,000
Principal
₹9,00,000
About the Post Office MIS Calculator
A Post Office MIS calculator finds the fixed monthly income from a POMIS deposit over its 5-year term at the current rate (around 7.4%). The scheme pays only interest each month; your full principal is returned when the term ends.
Why it is useful
For a supplementary income stream that does not touch your capital, POMIS is simple and dependable. A calculator lets you work backwards from the income you need — for example, sizing a deposit up to the ₹9 lakh single-account limit — and shows exactly what you will receive each month.
How the calculation works
The monthly income is calculated as monthly income = P × annual rate ÷ 12, where P is your deposit. Interest is paid every month and the principal is returned in full at the end of the 5-year term, so your capital stays intact throughout.
Key inputs explained
- Deposit amount: Up to ₹9 lakh in a single account or ₹15 lakh in a joint account.
- Interest rate: The rate at deposit, fixed for the term (currently around 7.4%).
- Tenure: Fixed at 5 years, after which the principal is returned.
Example calculation
Inputs
- Deposit (P)
- ₹9,00,000
- Interest rate
- 7.4% p.a.
- Tenure
- 5 years
Calculation breakdown
- Annual interest
- 9,00,000 × 7.4% = ₹66,600
- Monthly income
- 66,600 ÷ 12
- Total interest (5 yrs)
- 66,600 × 5
You receive about ₹5,550 every month and roughly ₹3,33,000 in total interest over 5 years, with your ₹9 lakh principal returned intact at maturity. The interest is taxable, so include it in your annual return.
Benefits
- Fixed, predictable monthly income backed by the government.
- Capital is fully protected and returned at the end of the term.
- No TDS is deducted, keeping the monthly cash flow whole.
Limitations
- Interest is fully taxable at your slab rate and must be declared, even though no TDS is cut.
- Deposits are capped at ₹9 lakh single and ₹15 lakh joint.
- The rate is fixed for 5 years, so it will not rise if market rates climb.
Tips
- Link a savings account so the monthly interest is credited automatically.
- A joint account raises the ceiling to ₹15 lakh and roughly doubles the income.
- Set aside part of each payout for the tax due, since no TDS is deducted.
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About this calculator
The Post Office MIS Calculator is built and maintained by the PaisaBot team. All calculations run instantly in your browser using established financial formulas, and we use high-precision arithmetic to keep the results reliable.
Data accuracy: Interest rates, tax slabs, and scheme rules are updated periodically, but figures can change with RBI, government, and lender revisions. Always confirm the latest rates with your bank or an official source before acting.
Educational purpose: This tool is provided for general information and financial education only. It does not constitute investment, tax, or legal advice. For decisions specific to your situation, please consult a qualified financial advisor.