Post Office MIS Calculator – Calculate Monthly Income and Maturity Amount

A Post Office MIS Calculator is a useful online financial tool that helps investors calculate the monthly interest income from the Post Office Monthly Income Scheme (POMIS). This government-backed savings scheme is designed for individuals who want a regular monthly income from a one-time investment.

Whether you are a retired person, a senior citizen, or someone looking for a predictable income source, the calculator makes it easier to estimate your monthly interest and total earnings over the investment period.

By entering your investment amount and applicable interest rate, you can quickly find out how much monthly income your deposit can generate.

What Is a Post Office MIS Calculator?

A Post Office MIS Calculator is an online tool that estimates the monthly interest earned from an investment in the Post Office Monthly Income Scheme.

POMIS allows investors to deposit a lump sum for a fixed period of five years and receive interest every month. The original investment amount is returned at maturity, subject to the scheme rules.

For example, if you invest ₹5,00,000 at an annual interest rate of 7.40%, your estimated monthly interest income will be approximately ₹3,083.

The calculator helps you compare different investment amounts and understand the regular income you may receive.

Current Post Office MIS Interest Rate

For the October to December 2026 quarter, the Post Office Monthly Income Scheme offers an interest rate of 7.40% per annum, payable monthly.

The Government of India reviews small savings scheme interest rates periodically. The interest rate applicable when an MIS account is opened generally remains fixed for its five-year investment period.

Therefore, investors should check the applicable rate before opening a new account. <Cite refs={["turn763992search0","turn763992search5"]}/>

Post Office MIS Interest Calculation Formula

The monthly interest under POMIS is calculated using a simple formula.

Monthly Interest = (Investment Amount × Annual Interest Rate) ÷ 12 ÷ 100

Example Calculation

Suppose you invest ₹5,00,000 in the Post Office Monthly Income Scheme at an annual interest rate of 7.40%.

Monthly Interest = (₹5,00,000 × 7.40) ÷ 1,200

Monthly Interest = ₹37,000 ÷ 12

Monthly Interest = ₹3,083.33

Therefore, you can expect approximately ₹3,083 every month.

If the investment remains active for the complete five-year period at the same rate:

Total Interest = ₹3,083.33 × 60

Total Interest = Approximately ₹1,85,000

At maturity, the original investment of ₹5,00,000 is returned, subject to the scheme rules.

How to Use the Post Office MIS Calculator

Using an online Post Office MIS Calculator is simple. Follow these steps:

1. Enter Investment Amount: Provide the lump sum you want to deposit.

2. Select Account Type: Choose a single or joint account, depending on your investment plan.

3. Enter Interest Rate: Use the applicable annual MIS interest rate.

4. Select Investment Period: The standard MIS investment period is five years.

5. Click Calculate: Submit the details to calculate your expected income.

6. View Monthly Income: The calculator will display your estimated monthly interest.

7. Check Total Interest: Review the total interest you may receive over five years.

8. View Maturity Amount: Check the principal amount expected to be returned at maturity.

Always ensure that your deposit follows the applicable minimum and maximum investment limits.

Post Office MIS Monthly Income Examples

The following table shows estimated monthly interest at an annual interest rate of 7.40%.

These are approximate figures. The monthly interest is calculated using the annual rate divided by 12. Actual payments may involve rounding as per the post office's calculation and payment procedures.

Post Office MIS Investment Limits and Eligibility

The Post Office Monthly Income Scheme has specific deposit limits and eligibility conditions.

Minimum and Maximum Investment

• Minimum investment: ₹1,000.

• Deposits must generally be made in multiples of ₹1,000.

• Maximum deposit in a single account: ₹9 lakh.

• Maximum deposit in a joint account: ₹15 lakh.

• Standard investment period: Five years.

The overall individual investment limit across accounts is also subject to scheme rules. In joint accounts, each holder has an equal share in the deposit for calculating individual limits. <Cite refs={["turn763992search2","turn763992search4","turn763992search9"]}/>

Who Can Open an MIS Account?

Eligible account holders include:

• A single adult.

• Up to three adults jointly.

• A guardian on behalf of a minor or a person who cannot manage their own affairs.

• A minor above 10 years of age can open an account in their own name, subject to applicable rules.

Unlike the Senior Citizens Savings Scheme, the Post Office MIS does not require the investor to be 60 years or older. It is available to eligible adults of different age groups.

Important Features of the Post Office Monthly Income Scheme

1. Regular Monthly Income

The scheme provides monthly interest payments, which can help investors manage recurring expenses.

2. Five-Year Investment Period

The standard maturity period is five years from the date of account opening.

3. Government-Backed Scheme

POMIS is a government-backed small savings scheme administered through post offices.

4. Fixed Interest Rate for the Account

The applicable interest rate is fixed when the account is opened and generally remains unchanged throughout its five-year term.

5. Principal Returned at Maturity

The original deposit is returned when the account matures, subject to the applicable rules.

6. Suitable for Different Age Groups

The scheme is not limited to senior citizens. Eligible adults can also invest to generate regular monthly income.

Benefits of Using a Post Office MIS Calculator

A Post Office MIS Calculator offers several advantages:

• Quick Calculation: Estimate monthly interest within seconds.

• Investment Planning: Compare different deposit amounts before investing.

• Income Estimation: Understand how much regular interest income your investment can generate.

• Easy Comparison: Compare potential earnings from POMIS with other savings options.

• Saves Time: Avoid repeated manual calculations.

• Better Financial Management: Use estimated monthly income to plan household expenses and savings.

Taxation and Premature Withdrawal Rules

The monthly interest earned from POMIS is taxable under the applicable income-tax rules. It is generally added to the investor's taxable income and taxed according to the applicable tax regime and slab.

The investment amount does not qualify for a deduction under Section 80C.

Investors should also understand the premature withdrawal rules:

• The account cannot normally be closed before completing one year.

• If closed after one year but before three years, a deduction of 2% of the deposit is applicable.

• If closed after three years but before five years, a deduction of 1% of the deposit is applicable.

• After five years, the deposit can be withdrawn at maturity.

Check the latest scheme rules before requesting premature closure. <Cite refs={["turn763992search4","turn763992search6"]}/>

Frequently Asked Questions (FAQs)

1. What is the current Post Office MIS interest rate?

The Post Office MIS interest rate for October to December 2026 is 7.40% per annum, payable monthly.

2. What is the maximum investment limit in Post Office MIS?

The maximum investment limit is ₹9 lakh for a single account and ₹15 lakh for a joint account, subject to individual holding limits.

3. How much monthly income will I receive on ₹5 lakh?

At an annual interest rate of 7.40%, an investment of ₹5 lakh generates approximately ₹3,083 per month.

4. What is the maturity period of Post Office MIS?

The standard maturity period is five years from the date of account opening.

5. Is Post Office MIS available for senior citizens only?

No. Eligible adults of different age groups can open an MIS account. There is no minimum age requirement of 60 years for an adult account holder.

6. Is Post Office MIS interest tax-free?

No. The interest earned is taxable according to the investor's applicable income-tax rules.

7. Can I withdraw my MIS investment before maturity?

Yes, but premature closure is generally permitted only after one year and attracts deductions depending on the time elapsed since account opening.

Conclusion

A Post Office MIS Calculator is a convenient tool for estimating monthly interest income and total earnings from the Post Office Monthly Income Scheme. By entering your investment amount and applicable interest rate, you can quickly understand how much regular income your deposit may generate.

Whether you are a senior citizen planning retirement income or an investor looking for predictable monthly returns, this calculator can help you make informed financial decisions. Use it to compare investment amounts, estimate monthly earnings, and plan your finances more effectively.