Post Office MIS Calculator
Post Office Monthly Income Scheme — 5-year fixed deposit paying monthly interest. Government-backed, currently 7.4% p.a. Max ₹9L single / ₹15L joint.
Result
- Deposit amount₹500,000
- Total income over 5 years₹185,000
- Total return over 5 years37.0%
- Principal returned at maturityFull principal is refunded after 5 years₹500,000
Personal-finance essentials
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How to use this calculator
- Enter your intended deposit (within ₹9L single / ₹15L joint cap).
- Enter the current POMIS rate.
- Read monthly income + total 5-year return.
About this tool
Post Office Monthly Income Scheme (POMIS) is a government-backed 5-year fixed deposit that pays interest MONTHLY (unlike bank FDs which compound). Ideal for retirees or anyone needing predictable monthly cash flow. Deposit cap: ₹9 lakh single account, ₹15 lakh joint (2-3 people). Interest rate is revised quarterly by the Ministry of Finance — currently 7.4% p.a. Interest is taxable at your slab rate (no TDS by Post Office, but you must self-report). Premature withdrawal allowed after 1 year with penalty (2% before 3 years, 1% after 3 years).
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