worldofcalcsPost Office MIS Calculator
The Post Office Monthly Income Scheme pays 7.4% a year as a fixed monthly income for 5 years, then returns your deposit.
₹9,00,000 in each Post Office scheme
| Scheme | Rate | What you get |
|---|---|---|
| Senior Citizens' Savings Scheme 5 years | 8.2% | ₹18,450 a quarter |
| Monthly Income Scheme 5 years | 7.4% | ₹5,550 a month |
| National Savings Certificate 5 years | 7.7% | ₹13,04,130 at maturity |
| Kisan Vikas Patra 115 months | 7.5% | ₹18,00,000 at maturity |
| 5-year Time Deposit 5 years | 7.5% | ₹69,422 a year |
Rates for October–December 2026. * Calculated on the scheme's maximum deposit. MIS shown for a joint account.
What is the Post Office Monthly Income Scheme?
The Post Office Monthly Income Scheme (POMIS) pays you a fixed income every month for 5 years on a one-time deposit, then returns your money. It is backed by the Government of India, so your capital is safe, and it suits anyone who wants a predictable monthly payout. The rate for October–December 2026 is 7.4% a year, fixed for the full term.
How the monthly income is calculated
The same interest is paid every month for 60 months, usually into your post office savings account. It is not compounded unless you reinvest it, for example through a recurring deposit.
MIS rules
- You can deposit from ₹1,000 up to ₹9 lakh in a single account, or ₹15 lakh in a joint account with up to three adults.
- There is no tax deduction for the deposit, and the interest is fully taxable at your slab rate.
- You can't withdraw in the first year. Between 1 and 3 years, 2% of the deposit is deducted; after 3 years, 1%.
- Many investors move the monthly interest into a post office RD so it keeps earning.
- The rate is fixed when you open the account and doesn't change for 5 years.
Worked example: ₹9 lakh in MIS
- ₹9,00,000 in a single account (the maximum) at 7.4% a year
- Monthly income: ₹9,00,000 × 7.4% ÷ 12 = ₹5,550
- Over 5 years you receive ₹3,33,000 in interest, and the ₹9,00,000 comes back
- A joint account with ₹15,00,000 pays ₹9,250 a month