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Post Office MIS Calculator

Post Office MIS Calculator

What monthly income will your Post Office MIS pay?

₹
%
Monthly payout
₹0
Post-tax monthly payout
₹0
no TDS deducted -- you self-report at filing
Total interest (5 years)
₹0
Principal returned at maturity
₹0
Total tax over 5 years
₹0
Principal vs interest earned

Rate shown is 7.4% p.a. for Jul-Sep 2026, the small-savings rate the Finance Ministry sets every quarter -- it can change at the next reset and won't retroactively affect an account you've already opened, since MIS locks in the rate at opening for the full 5-year term. Investment caps: ₹9 lakh for a single account, ₹15 lakh for a joint account (shared across all your MIS accounts, not per account).

Tax: MIS interest is fully taxable at your slab rate, and unlike a bank FD, India Post does not deduct any TDS on it -- the full monthly payout reaches you, but you're responsible for reporting and paying the tax yourself when you file. There's no premature-withdrawal penalty-free exit before 1 year; between 1-3 years a 2% penalty applies, and between 3-5 years a 1% penalty applies on the principal withdrawn early.

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Frequently asked questions

Is a fixed deposit still worth it compared to other options?

It depends on your goal -- fixed deposits offer safety and a guaranteed return, which suits short-term goals or emergency funds, but their returns often barely keep pace with inflation after tax. For long-term goals, market-linked options have historically outperformed fixed deposits, at the cost of guaranteed safety.

What's the difference between simple and compound interest?

Simple interest is calculated only on the original principal for the entire period. Compound interest is calculated on the principal plus any interest already earned, so the amount it's calculated on grows over time. Compounding produces a meaningfully larger result the longer the money is invested.

How much emergency fund should I keep?

A common guideline is 3-6 months of essential expenses in an easily accessible account, though this varies by job stability, dependents, and other safety nets available to you. It should be liquid and low-risk, not invested for growth, since the point is availability when you need it, not returns.

Are savings account returns taxable?

Generally, yes -- interest earned is typically taxable as regular income, though some jurisdictions offer a small exemption threshold on savings interest specifically. Check the current rule where you file, since this is one of the more frequently adjusted thresholds.

Estimates only, not financial advice. See our Disclaimer.