How do I calculate my monthly interest on the MIS?

Use the formula: (Investment amount × Interest rate) ÷ 12 Alternatively, the Post Office MIS Interest Calculator simplifies this process by providing instant results.

Does the Post Office's Monthly Income Scheme have risks?

The Post Office Monthly Income Scheme (MIS) is one of the safest investment options available in India. Since it’s backed by the Government of India, there’s very little to no risk involved. Your capital stays protected, and you earn steady monthly income—making it ideal for risk-averse investors.

What is the interest on Rs. 15 lakh MIS in Post Office?

If you invest Rs. 15 lakh in the Post Office MIS at the current 7.4% annual interest rate, your monthly income would be around Rs. 9,250.

What is Rs. 9 lakh MIS in Post Office?

For a Rs. 9 lakh investment in the Post Office MIS with a 7.4% interest rate, you’ll receive around Rs. 5,550 per month as interest. It’s a smart option if you’re looking for steady, predictable returns every month.

How much interest for Rs. 1 lakh in Post Office per month calculator?

With Rs. 1 lakh invested in the Post Office MIS at a 7.4% interest rate, the monthly income would be roughly ₹616.

Is POMIS interest taxable?

Yes, the interest earned under the Post Office Monthly Income Scheme (POMIS) is fully taxable as per your applicable income tax slab. However, no Tax Deducted at Source (TDS) is deducted on the monthly interest paid by the post office.

What is the current interest rate for Post Office MIS?

The current Post Office Monthly Income Scheme (MIS) interest rate is 7.4% per annum, payable monthly. This rate is reviewed periodically by the Government of India, so investors should check the latest rate before making an investment.

Can I open a joint MIS account in Post Office?

Yes, you can open a joint Post Office MIS account with up to three adults. The maximum investment limit for a joint account is Rs. 15 lakh, and each account holder has an equal share in the investment and monthly interest.

Can I withdraw POMIS before 5 years?

Yes, premature withdrawal is allowed after one year from the account opening date. However, a penalty applies if you close the account before the 5-year maturity period, reducing the amount you receive on withdrawal.

Post Office Monthly Income Scheme Calculator

3 min

Aug 04, 2026

The Post Office MIS Calculator is an online tool that helps you estimate the monthly income and total returns from the Post Office Monthly Income Scheme (POMIS). Also known as the POMIS calculator or post office monthly income scheme calculator, it uses the current 7.4% annual interest rate to provide accurate calculations based on your investment amount. You can invest up to Rs. 9 lakh in a single account or Rs. 15 lakh in a joint account. Instead of manual calculations, the calculator instantly shows your expected monthly interest, making it easier to plan your finances and evaluate returns before investing in this government-backed savings scheme.

What is Post Office Monthly Income Scheme (POMIS)?

The Post Office Monthly Income Scheme (MIS) is a savings plan backed by the government that offers you a fixed monthly income. It’s ideal for conservative investors who want safe, steady returns without taking any market risks. You invest a lump sum, and the scheme pays you interest every month.

What is the post office monthly income scheme calculator?

The Post Office MIS Calculator is a free online tool that helps you figure out how much monthly income you’ll earn based on your investment amount and the current MIS interest rate. It’s perfect for planning ahead, especially if you want to know exactly how much you’ll receive each month.

How does the Post Office MIS Calculator work?

Just enter the amount you plan to invest and select the current interest rate. The calculator will instantly show your estimated monthly income, helping you make smart and informed financial decisions.