Post Office MIS Calculator

How to Use Post Office MIS Calculator

1. Enter your investment amount. Type the deposit you plan to make, up to ₹9 lakh for a single account or ₹15 lakh for a joint account. The tool validates the limit and alerts you if exceeded.
2. Set the interest rate. The default is 7.4%, the current POMIS rate. You can adjust it whenever the government revises the rate, ensuring the calculation always uses the latest figure.
3. Click Calculate. The tool divides the annual interest by 12 to show your fixed monthly income.
4. Review the output cards. You’ll see the monthly payout, total interest earned over the 5‑year tenure, and a reminder that the principal is returned in full at maturity.

Benefits of Post Office MIS Calculator

• Gives an exact monthly income figure, helping retirees and conservative investors plan their cash flow with certainty.
• Validates the deposit against the official POMIS limits (₹9L single / ₹15L joint), preventing accidental over‑subscription.
• Editable interest rate ensures the tool remains accurate even when the government revises the MIS rate quarterly.
• No login or paperwork needed — the calculation is instant, free, and runs entirely in your browser.

Frequently Asked Questions

Is the monthly income from POMIS taxable?

Yes, the interest is fully taxable as per your income slab. No TDS is deducted by the post office, but you must declare it under "Income from Other Sources" when filing your ITR.

Can I withdraw my POMIS deposit before 5 years?

Withdrawal is not allowed in the first year. Between 1‑3 years, a 2% penalty applies on the deposit. Between 3‑5 years, the penalty reduces to 1%. The calculator assumes you hold for the full term.

Is POMIS better than a bank fixed deposit for monthly income?

POMIS currently offers 7.4% with government backing, which is competitive with most bank FDs. However, FD interest may be paid quarterly, not monthly. Use our FD calculator to compare the exact payouts.

Is Post Office MIS Calculator free and private?

Yes — it is 100% free, needs no sign‑up, and everything runs in your browser; your data never leaves your device.