Payout
Post Office Scheme Calculator
Post Office MIS calculator for monthly income
Calculate monthly interest payouts, total interest earned over 5 years, and maturity amount for the Post Office Monthly Income Scheme (POMIS).
Monthly interest payout
5-year tenure
Government-backed
Max investment
₹9 lakh (single)
Current rate
7.4% p.a.
Enter Post Office MIS details
Provide your investment amount, interest rate, and tenure.
Before you calculate
- Maximum investment is ₹9 lakh for single account and ₹15 lakh for joint account.
- Interest is paid monthly. It is not compounded — principal is returned at maturity.
- Premature withdrawal is allowed after 1 year with penalty.
- Interest income is fully taxable as per your tax slab.
Why choose Post Office MIS?
POMIS provides guaranteed monthly income backed by the Government of India, making it ideal for conservative investors and retirees seeking regular cash flow.
About Post Office Monthly Income Scheme
Post Office MIS (POMIS) is a government savings scheme offering guaranteed monthly interest. It is particularly suited for retirees and low-risk investors needing regular income.
POMIS vs SCSS
SCSS (8.2%) offers higher interest than POMIS (7.4%) and is better for senior citizens. POMIS has no age restriction and is available to everyone above 18.
Interest reinvestment
POMIS interest is not auto-reinvested. You can manually invest monthly payouts in an RD to benefit from compounding alongside fixed monthly income.
TDS rules
No TDS is deducted on POMIS interest. However, you must report interest as income in your ITR under "Income from other sources".
Maximum limit
Single account: ₹9 lakh. Joint account: ₹15 lakh. A family of 3 adults can maximise to ₹(9+9+9=27 lakh) across individual accounts.