Investment₹0Principal invested
Post Office MIS Calculator — Monthly Income Scheme
Calculate monthly payout and maturity under Post Office MIS
Browse more in Post Office schemes
Post Office MIS Calculator
Rates: Q1 FY 2025-26·Updated 1 Apr 2025·Verify on India Post
Official indicative rate: 7.4% p.a.
%
Pre-filled with the notified India Post rate. Adjust to model a different rate.
Max ₹9 lakh
₹
Five LakhTenure
5 yearsLocked
Post Office MIS has a fixed 5-year tenure.
Fixed tenures follow India Post scheme rules and cannot be changed in this calculator. Verify onindiapost.gov.in.
Adjust the inputs above to see your results here.
Total interest₹0Returns generated
Estimated
Investment + total interest₹0Estimated final valueInvestment Summary
Updated instantly as you change values.
Payout
Monthly income₹0Paid out during tenure; principal returned at maturityInvestment Breakdown
Investment
₹00%
Total interest
₹00%
Key Insights
- Government-backed India Post small savings scheme
- Verify latest rates on indiapost.gov.in
Year-wise breakdown
| Year | Principal (A) | Interest (B) | Total (A + B) | Balance |
|---|
About this calculator
In-depth guide for the Post Office MIS calculator — formulas, examples, and official sources for India.
Introduction
Monthly Income Scheme pays fixed monthly interest for 5 years. Principal is returned at maturity. Popular with retirees needing regular cash flow.
What this calculator does
Estimate monthly income from Post Office Monthly Income Scheme. Single account up to ₹9 lakh; joint account up to ₹15 lakh. Interest is fully taxable as per your slab.
Who should use this calculator
India Post account holders and savers comparing small savings schemes. Use this tool if you want a clear estimate before speaking with a bank, post office branch, or tax advisor.
- ₹4,50,000 in MIS at 7.4% → ≈ ₹2,775/month
- 5-year tenure with monthly payout
MIS vs SCSS
MIS pays monthly; SCSS pays quarterly and allows up to ₹30 lakh (combined limit). SCSS rate is often similar — compare payout frequency and limits.
Formula used
Formula
Monthly income = P × r / 12Variable explanation
- Input: Deposit amount (₹)
- MIS principal (max ₹9L single / ₹15L joint).
- Input: Interest rate (% p.a.)
- Notified MIS rate.
- Output: Monthly income (₹)
- Fixed interest payout.
- Output: Total interest (₹)
- Over 5 years.
Example calculation
- Step 1
Enter deposit within limits.
- Step 2
Confirm rate.
- Final answer
Read monthly income.
How to use
Locate the calculator form at the top of this page.
Enter your values using the units shown (₹, %, years, or as labelled).
Review the instant result, charts, or schedules in the output panel.
Adjust inputs to compare scenarios before making a financial decision.
Benefits
Free to use with instant browser-based results — no signup.
Built for Indian rates, tax years, and units.
Includes worked examples and FAQs on every page.
Limitations
5-year tenure
Monthly interest payout
Principal returned at maturity
Premature closure rules apply with penalty.
Tips
Link post office savings account for auto credit.
Combine with SCSS for higher corpus seniors.
Common mistakes
Exceeding ₹9 lakh in single account.
Frequently asked questions
Are these the official India Post rates?
India Post revises small savings rates quarterly. Verify before investing. This calculator is for planning only.
What is the MIS deposit limit?
₹9 lakh in a single account; ₹15 lakh in a joint account.
Is MIS interest taxable?
Yes. Fully taxable as income from other sources.
What is the MIS tenure?
5 years. Principal is returned at maturity.
MIS vs bank FD monthly payout?
Compare rates and limits. MIS is government-backed with fixed monthly payout structure.
Can I open MIS online?
Availability varies — check India Post / IPPB for digital account opening in your area.
Related guides
Government references
- India Post — indiapost.gov.in (small savings rates)
- India Post — (small savings rates)indiapost.gov.in
Conclusion
Estimate steady monthly income from post office MIS for retirees.