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Post Office MIS Calculator

₹
₹1,000 minimum, in multiples of ₹1,000 · ₹9 lakh single-account cap
Joint accounts allow up to three adults; the ₹15 lakh cap is shared
%
7.4% is the rate notified for the current quarter · the Ministry of Finance resets small-savings rates every quarter
Monthly Income
₹5,550
paid every month for 5 years
Annual Income
₹66,600
12 monthly payouts a year
Interest Over 5 Years
₹3,33,000
on top of your deposit back
Your payout, broken down
Monthly income₹5,550
Quarterly equivalent₹16,650
Annual income₹66,600
Total interest over 5 years₹3,33,000
Principal returned at maturity₹9,00,000
Total you receive (payouts + principal)₹12,33,000
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Nothing compounds here

POMIS pays interest out every month, so it never rolls back into the balance. Your full ₹9,00,000 deposit is returned intact at the end of year 5. That is the trade: guaranteed monthly cash flow instead of compounding growth. If you want the money to grow, sweep each payout into an RD or SIP.

Monthly income by deposit, at 7.4%
DepositMonthly incomeAnnual income
₹1 lakhentry ticket₹617₹7,400
₹4.5 lakhold single cap₹2,775₹33,300
₹9 lakhsingle-account max₹5,550₹66,600
₹15 lakhjoint-account max₹9,250₹1,11,000
Figures scale straight-line with the rate: monthly income = deposit × rate ÷ 1200. No TDS is deducted, but the interest is fully taxable at your slab.
✨ Live · Post Office Monthly Income Scheme · 5-year fixed term · rate is notified quarterly, so a mid-term reset changes only new accounts, not yours

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