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Post Office Monthly Income Scheme Calculator
In summary
The Post Office MIS Calculator helps you estimate the monthly interest from a POMIS deposit using the applicable interest rate and investment amount. For July to September 2026, the MIS interest rate is 7.4% p.a.
- The minimum deposit is Rs. 1,000.
- The maximum deposit is Rs. 9 lakh for a single account and Rs. 15 lakh for a joint account.
- POMIS has a five year account period.
- A Rs. 9 lakh deposit at 7.4% gives Rs. 5,550 per month.
- Over five years, the monthly interest totals Rs. 3.33 lakh.
You can use the calculator to compare different deposit amounts and understand the income available from POMIS. Life insurance can also be considered separately when your financial plan needs family protection.
What is the Post Office Monthly Income Scheme?
Importance of term insurance
For July to September 2026, the interest rate is 7.4% p.a. The maximum deposit is Rs. 9 lakh in a single account and Rs. 15 lakh in a joint account.
What does the Post Office MIS Calculator calculate?
For example, at 7.4% p.a., a Rs. 3 lakh deposit gives an estimated monthly interest of Rs. 1,850. This calculation helps you estimate your regular income before deciding how much to deposit.
How does the Post Office MIS Calculator work?
For POMIS, the calculation is:
Monthly income = (Investment amount × Annual interest rate) ÷ 12
The actual rate used should be the rate applicable to the relevant period because small savings interest rates are reviewed quarterly. For July to September 2026, the applicable MIS rate is 7.4% p.a.
How is the Post Office MIS interest calculated?
- Multiply the deposit amount by the annual interest rate.
- Divide the annual interest by 12.
- The result is the estimated monthly interest.
For a Rs. 3 lakh deposit at 7.4%:
Rs. 3,00,000 × 7.4% = Rs. 22,200 per year
Rs. 22,200 ÷ 12 = Rs. 1,850 per month
The calculation gives the monthly interest based on the rate entered in the calculator.
How much can Rs. 9 lakh earn in Post Office MIS?
| Calculation | Amount |
|---|---|
| Investment | Rs. 9,00,000 |
| Interest rate | 7.4% p.a. |
| Annual interest | Rs. 66,600 |
| Monthly interest | Rs. 5,550 |
| Interest over 5 years | Rs. 3,33,000 |
Over the five year account period, the total monthly interest would be Rs. 3.33 lakh if the rate remains 7.4% for the calculation period. The original Rs. 9 lakh deposit is separate from this interest calculation.
How do you use the Post Office MIS Calculator?
Step 1: Enter the investment amount
Input the amount you want to invest in the Post Office Monthly Income Scheme (POMIS).
Step 2: Enter the interest rate
Enter the current Post Office MIS interest rate, which is 7.4% per annum, or use the pre-filled rate if available.
Step 3: Select the investment tenure
Choose the investment period. The standard tenure for the Post Office Monthly Income Scheme is 5 years.
Step 4: Click “Calculate”
Click the Calculate button to instantly view your estimated monthly interest income and the total returns based on your investment details.
What are the key features of the Post Office MIS Calculator?
The Post Office Monthly Income Scheme Calculator comes with several features that make it an essential tool for financial planning.
- Ease of use: The calculator is simple to operate, with a user-friendly interface that caters to all age groups.
- Accurate calculations: It ensures precision by considering the current interest rate for MIS in Post Office.
- Customisation: Users can adjust variables such as investment amount and tenure to explore different outcomes.
- Time-saving: It eliminates the need for manual calculations, delivering instant and reliable results.
- Integration with life insurance: When used alongside life insurance planning, the tool helps create a complete financial strategy.
These features make the Post Office Monthly Income Scheme Calculator a vital resource for investors who value transparency and convenience in their financial planning.
What are the benefits of using the Post Office MIS Calculator?
| Benefit | Description |
| Accurate income estimates | Provides precise calculations of monthly payouts based on the entered interest rate. |
| Customisation options | Allows users to experiment with different investment amounts and tenures. |
| Time efficiency | Speeds up financial planning by automating calculations. |
| Financial clarity | Offers a transparent view of how much monthly income your investment will generate. |
| Risk mitigation with life insurance | Ensures your family’s financial future is secure alongside MIS returns. |
These advantages make the calculator an invaluable tool for planning monthly income while integrating life insurance for added security.
Who should consider term insurance alongside POMIS?
You may consider term insurance if you have:
- Dependent family members who rely on your income.
- Outstanding loans or other financial liabilities.
- Long term financial responsibilities for your spouse or children.
- A need to keep family protection separate from your savings and monthly income plans.
POMIS can help create regular interest income, while term insurance focuses on life cover. You can get a quote to explore coverage based on your financial responsibilities and protection needs.
How accurate is the Post Office Monthly Income Scheme calculator?
The result can change when the applicable interest rate changes for a new investment period. Therefore, check the current government notified rate before using the calculation for a new deposit.
Conclusion
The Post Office Monthly Income Scheme Calculator helps you estimate your monthly income based on your investment amount and the applicable MIS interest rate. It makes calculations easier and helps you plan your regular income with greater clarity.
You can also consider life insurance separately to provide financial protection for your family. Together, regular income planning and life cover can support different financial needs and help you plan for the future.
Frequently asked questions
Post Office MIS Calculator
How do you calculate monthly interest on POMIS?
You can calculate monthly POMIS interest by multiplying the investment amount by the annual interest rate and dividing the result by 12. For example, Rs. 3 lakh at 7.4% gives Rs. 22,200 annual interest, which equals Rs. 1,850 per month.
Does the Post Office Monthly Income Scheme have risks?
POMIS is a government small savings scheme that provides interest at the rate notified for the relevant period. Your monthly income depends on the applicable rate and deposit amount. The scheme has a five year account period, and premature closure is permitted after one year under applicable rules.
What is the interest on Rs. 15 lakh MIS in Post Office?
At 7.4% p.a., a Rs. 15 lakh POMIS deposit produces Rs. 1,11,000 in annual interest. Dividing this by 12 gives an estimated monthly interest of Rs. 9,250. Rs. 15 lakh is the current maximum deposit for a joint MIS account.
How much interest does Rs. 9 lakh earn in Post Office MIS?
At 7.4% p.a., Rs. 9 lakh earns Rs. 66,600 in annual interest. This equals Rs. 5,550 per month, giving total interest of Rs. 3.33 lakh over five years if the same rate applies throughout the calculation period.
How much interest does Rs. 1 lakh earn in Post Office MIS per month?
At 7.4% p.a., a Rs. 1 lakh POMIS deposit earns Rs. 7,400 per year. Dividing this by 12 gives an estimated monthly interest of about Rs. 617. The actual amount for a new investment depends on the applicable MIS rate at that time.
Is POMIS interest taxable?
Yes, POMIS interest is taxable as interest income under the applicable income tax rules. Your tax treatment depends on your total taxable income and applicable provisions. The Income Tax Department includes post office deposit interest under interest income for income tax reporting.
What is the current interest rate for Post Office MIS?
The current Post Office MIS interest rate is 7.4% p.a. for July to September 2026. The Government reviews small savings interest rates quarterly, so you should check the rate applicable when you make a new deposit.
Can you open a joint MIS account in the Post Office?
Yes. POMIS can be opened as a joint account, with up to three adults, subject to the applicable rules. The current maximum deposit is Rs. 15 lakh for a joint account, compared with Rs. 9 lakh for a single account.
Can you withdraw POMIS before five years?
Yes, premature closure is permitted after one year from opening the MIS account, subject to the applicable preclosure rules and charges. Therefore, you do not have to wait for the full five year period to request closure, although the applicable rules can affect the amount payable.
What is the interest rate for MIS in post office for senior citizens?
For senior citizens, the Post Office Monthly Income Scheme (MIS) offers the same 7.4% p.a. interest rate as other eligible investors. The rate applies for the July to September 2026 quarter and is reviewed quarterly.
