Post Office MIS Calculator
The monthly income from a Post Office Monthly Income Scheme deposit at the current rate, for single and joint accounts.
Result
Interest each month: ₹5,550.00Estimate
The rate is fixed for the life of the deposit. Interest is taxable.
- Interest a year
- ₹66,600.00Estimate
- Interest over five years
- ₹3,33,000.00Estimate
https://calcgallery.com/investment-returns/post-office-mis-calculator/
Results are arithmetic on the returns, rates and horizons you enter, not a forecast and not investment, tax or retirement advice. The site supplies no expected return, inflation rate, contribution limit, tax rate or withdrawal rate. Real returns vary from year to year, and fees, taxes and the order of returns all change the outcome. Check anything that matters with a qualified adviser. Read the full disclaimer
How to use the Post Office MIS Calculator
- Enter the amount you will deposit, in multiples of ₹1,000.
- Pick a single or joint account. A single account takes up to ₹9 lakh and a joint one up to ₹15 lakh.
- Read the interest paid each month, each year and over five years.
The calculation
The Monthly Income Scheme is built for steady income. You deposit a lump sum once, and the interest is paid to your savings account every month for five years.
each month = deposit × rate ÷ 12 (rounded to the rupee)each year = 12 × each monthfive years = 60 × each monthThe rate is fixed for the five years when the account is opened. Holders of several accounts can’t go over the limit in total: ₹9 lakh for one person, or ₹15 lakh in a joint account, where each holder’s share counts toward their own limit.
With your numbers
- Monthly interest = deposit × rate ÷ 12, rounded to the rupee
- The deposit itself is returned after five years
Quick reference
The rate is fixed for the life of the deposit. Interest is taxable.
| Example | Interest each month |
|---|---|
| ₹9 lakh, single | ₹5,550.00 |
| ₹15 lakh, joint | ₹9,250.00 |
| ₹5 lakh, single | ₹3,083.00 |
| ₹1 lakh, single | ₹617.00 |
| ₹10 lakh, joint | ₹6,167.00 |
| ₹10 lakh, single (over the limit) |
Where the numbers come from
The fixed figures this calculator relies on, and the published source each one was checked against. How the calculators are built and checked
5 sources
DEA Office Memorandum F.No.1/4/2019-NS of 30.09.2026, rates for 1.10.2026 to 31.12.2026 "shall remain unchanged" from the second quarter, https://dea.gov.in/files/budget_division_documents/R.pdf, carrying the rate table of the OM of 29.12.2023, https://dea.gov.in/files/budget_division_documents/Q4_2023_24.pdf: "Monthly Income Account 7.4"
Used for
- Post Office Monthly Income Account interest rate, October to December 2026.
Post Office Monthly Income Account Scheme, 2019, para 4(2), as amended by G.S.R. 239(E) of 31.03.2023: "a maximum of rupees nine lakh", https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=166
Used for
- MIS: most in a single account.
Post Office Monthly Income Account Scheme, 2019, para 4(2): "fifteen lakhs rupees in a joint account", https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=166
Used for
- MIS: most in a joint account.
Post Office Monthly Income Account Scheme, 2019, para 4(1), https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=166
Used for
- MIS: least deposit, in multiples of a thousand rupees.
Post Office Monthly Income Account Scheme, 2019, https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=166
Used for
- MIS: the account matures after five years.
Common questions about the Post Office MIS Calculator
- How much monthly income does MIS give?
- The deposit times the rate, divided by 12, rounded to the nearest rupee. At 7.4%, ₹9 lakh in a single account pays ₹5,550 a month and ₹15 lakh in a joint account pays ₹9,250.
- What happens after five years?
- The deposit is paid back in full. The interest has been paid out every month along the way, so the balance does not grow.
- Can I take the money out early?
- Not in the first year. After one year and before three, 2% of the deposit is deducted; after three years and before five, 1%.
- Is the interest taxable?
- Yes, at your slab rate. Post offices do not deduct tax at source on MIS interest, so it has to be declared on your return.