Post Office MIS Calculator (2026) — Monthly Income Scheme

Post Office MIS Calculator

POMIS pays a fixed monthly income backed by the Government of India. Enter your deposit to see the monthly payout.

Deposit Amount

₹

Interest Rate

Account Type

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What is the Post Office MIS?

The Post Office Monthly Income Scheme pays a fixed monthly interest on a lump-sum deposit for five years, with the principal returned at maturity. It is sovereign-backed and popular with retirees who want predictable cash flow.

Limits are ₹9 lakh for a single account and ₹15 lakh for a joint account.

Formula & worked example

Monthly income = (Deposit × rate) / 12

Worked example: ₹9,00,000 at 7.4% earns ₹66,600 a year, giving a monthly payout of ₹5,550. Over five years you receive ₹3.33 lakh of interest and the ₹9 lakh principal comes back intact at maturity.

How to use this post office mis calculator

Enter your deposit — the calculator caps it at the applicable limit.
Select single or joint; joint accounts allow ₹15 lakh.
The rate is fixed at deposit for the full five years.
The monthly figure is credited to your linked savings account.

Smart tips

A couple can open one joint (₹15 lakh) plus two single accounts, maximising household allocation.
There is no TDS on POMIS, but the interest is fully taxable in your hands.
Premature closure after one year carries a 2% penalty; after three years it drops to 1%.
Combine POMIS with SCSS for a laddered, fully guaranteed retirement income stream.
The rate is fixed for five years, so locking in when rates are high is valuable.

Frequently asked questions

What is the POMIS interest rate?

7.4% a year for the July–September 2026 quarter, paid monthly. It is revised quarterly for new accounts but fixed once you deposit.

What is the maximum POMIS investment?

₹9 lakh in a single account and ₹15 lakh in a joint account.

Is POMIS interest taxable?

Yes, fully taxable at your slab rate, although no TDS is deducted at source.

Can I withdraw POMIS early?

Yes, after one year with a 2% penalty on the deposit, reducing to 1% after three years.

Want the theory behind the numbers? Read our small savings guides on the Money Blog.

Written by Gurjeet Singh, Sharpen Solutions. Last reviewed 15 Oct 2026. Sources: Department of Posts — small-savings interest rates: PPF 7.1%, NSC 7.7%, KVP 7.5%, SSA and SCSS 8.2%, MIS 7.4% (page reviewed 12 Aug 2026). How we check these numbers.

More Savings & Deposits calculators

The current Post Office MIS rate is 7.4% for Oct–Dec 2026, set by the Ministry of Finance. See every post office interest rate, with the rate history.

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