Post Office MIS Calculator
5-year monthly income scheme. Interest credited monthly to your SB account; principal returned at maturity.
Max: ₹9L (single account)
Government-set, revised quarterly. Q3 FY24-25: 7.4%.
POMIS interest is fully taxable at your slab.
The main NetCorpus India planner rolls this into a 50-year retirement plan alongside your loans, EPF, taxes, trips, and life goals.
Post Office Monthly Income Scheme pays a fixed monthly interest payout on a lump-sum deposit over a 5-year term — designed for people who want predictable monthly cash flow rather than compounding growth.
Interest is simple (not compounding) and paid out monthly rather than reinvested: monthly payout = deposit × annual rate ÷ 12. The principal is returned at the end of the 5-year term. Interest is fully taxable as income; there's no TDS deducted by the post office, but you're still liable to declare and pay tax on it.
A ₹9L deposit (near the ₹9L single-account cap) at 7.4% p.a. pays about ₹5,550/month for 5 years, with the full ₹9L returned at maturity — useful as a supplementary income stream, not a growth vehicle.
What's the maximum I can deposit in MIS?▾
₹9L for a single account, ₹15L for a joint account, as per current India Post rules — check the latest limits before depositing, since these are occasionally revised.
Is MIS interest reinvested or paid out?▾
Paid out monthly, directly to your linked savings account. It doesn't compound — if you want the interest to keep growing, you'd need to manually reinvest each payout elsewhere.