Financial Calculators
Post Office MIS Calculator
A fixed monthly credit from the post office, principal returned after five years.
Monthly income
₹5,550
credited monthly for 5 years
- Deposit
- ₹9,00,000
- Total interest over 5 years
- ₹3,33,000
Post Office Monthly Income Scheme pays interest monthly over a 5-year term, with the principal returned at maturity. Deposit ceilings apply (higher for joint accounts). Interest is taxable at slab rate.
Monthly income, sovereign backing
The Post Office Monthly Income Scheme does one thing plainly: you deposit a sum, it pays interest into your account every month for five years, and returns the principal at maturity. Backed by the government, it suits households that want a predictable monthly credit without market movement.
Deposit ceilings apply per individual, with a higher combined limit for joint accounts, and the rate is notified quarterly, locking at investment. As with all payout schemes, the income is flat while prices rise, so treat it as one dependable layer, not the whole plan.
How the calculation works
Monthly payout = Deposit x rate / 100 / 12\nPayouts monthly for 5 years; principal returned at maturityWorked example: a deposit of Rs 9,00,000 at 7.4% pays Rs 5,550 every month, and Rs 3,33,000 of total interest over the five-year term.
Frequently asked questions
What are the deposit limits?
Ceilings apply per individual, with a higher combined ceiling for joint accounts, under the prevailing scheme rules; confirm current limits at investment.
Is MIS interest taxable?
Yes, at your slab rate. There is no 80C benefit on the deposit.
Can I withdraw early?
Premature closure is permitted after a lock-in with a small deduction, per scheme rules.
MIS or SCSS?
For those eligible, SCSS usually offers a higher rate and 80C benefit, with quarterly rather than monthly payouts. Many retirees ladder both.
Every dependable rupee has a place.
We fit MIS, SCSS and growth investments together into one income plan.