Post Office MIS calculator
Turn a lump sum into a fixed monthly income. Enter your deposit and rate to see the monthly payout and total interest from the Post Office Monthly Income Scheme — safe and guaranteed.
Scheme details
Tweak the numbers — results update live
₹5.55K
Per month
interest payout
₹3.33L
Total interest
over 5 yrs
₹12.33L
Total return
interest + principal
This is an income scheme: the interest is paid out to you every monthrather than reinvested, and you get your full principal of ₹9,00,000 back when the 5-year term ends. Across the term you receive ₹3,33,000 in interest.
Monthly income
₹5,550
A monthly paycheck
Income you can count on
POMIS is the simplest income product going: park a lump sum, receive a fixed amount every single month for five years, and get your capital back at the end. No market risk, full government backing.
- 1
Deposit once
Up to ₹9 lakh single or ₹15 lakh joint, at any post office.
- 2
Earn monthly
A fixed interest amount is credited every month.
- 3
Reinvest if idle
Sweep the payout into an RD or SIP to keep it compounding.
- 4
Principal back
Your full deposit is returned after five years.
Questions
Frequently asked
POMIS is a government-backed savings scheme that pays a fixed amount of interest every month for a 5-year term, with your principal returned at maturity. It’s popular with retirees and conservative savers who want a steady, guaranteed monthly income with zero market risk.
Interest is simple and paid monthly: monthly income = principal × annual rate ÷ 12. At 7.4% on ₹9 lakh, you receive about ₹5,550 every month. The principal isn’t compounded — it’s returned in full when the 5-year term ends.
The limit is ₹9 lakh in a single account and ₹15 lakh in a joint account. The minimum is ₹1,000. There’s no Section 80C deduction on POMIS deposits, and the interest is taxable at your slab rate.
Yes, the monthly interest is fully taxable as income from other sources at your slab rate. There’s no TDS on POMIS, but you must declare the interest in your return. Unlike SCSS, there’s no special 80TTB-style benefit specific to this scheme beyond the general senior-citizen interest deduction.
Yes — a common strategy is to auto-sweep the POMIS monthly payout into a recurring deposit or SIP, so the “income” keeps compounding instead of sitting idle. Use our RD or SIP calculator to see how much that monthly amount could grow.