Post Office MIS Calculator: Monthly Income from Your Savings

The Post Office Monthly Income Scheme pays a fixed monthly income on a lump sum. This calculator shows how much.

What is it?

POMIS is a low-risk government scheme paying fixed monthly interest over 5 years, with the principal returned at the end.

How is it calculated?

Monthly income = P × r ÷ 12, where P is the deposit and r the annual rate (currently around 7.4%).

Example

₹9 lakh (single-account limit) at 7.4% pays about ₹5,550 a month for 5 years, with the ₹9 lakh returned at maturity.

Key things to know

• Single-account limit is ₹9 lakh; joint is ₹15 lakh.
• No 80C benefit, and interest is taxable.
• Premature exit incurs a small penalty.
• Good for retirees wanting predictable cash flow.

What to do next

POMIS accounts open at any post office.

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Frequently asked questions

Is the monthly income fixed?
Yes, for the full 5-year term.

Is there a tax benefit?
No 80C; interest is taxable.

What’s the deposit limit?
₹9 lakh single, ₹15 lakh joint.

Disclaimer: This article is for general information only and is not financial or tax advice. Consult a qualified advisor before making investment or tax decisions.