Post Office MIS Calculator - Free Online Tool Updated Mar 2026
Use this Post Office MIS Calculator to estimate gross monthly income, total 5-year interest, and maturity value from the Post Office Monthly Income Scheme. This guide also explains how the formula works, who the scheme may suit, what tax points to watch, and how MIS compares with FD, SCSS, RD, PPF, NSC, and other simple saving choices.
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See your gross monthly payout, total interest over 5 years, and maturity amount in one quick view. Free, instant results - no signup required.
Use Post Office MIS Calculator NowKey Takeaways
- Current rate: India Post currently lists MIS at 7.4% per year, payable monthly.
- Main formula: Gross monthly income is investment multiplied by annual rate, then divided by 12.
- Common current limits: Public MIS guides widely use Rs. 9 lakh for single and Rs. 15 lakh for joint planning.
- Tax note: The payout you see is gross income, so your after-tax cash may be lower.
- Best fit: MIS often works best for retirees and conservative savers who want fixed monthly cash flow.
What Is Post Office MIS?
Post Office MIS is an India Post small savings scheme where you put in a lump sum and receive fixed monthly interest for a 5-year term. It is meant for people who want regular cash flow, simple rules, and lower credit risk than many market-linked products.
The full name is Post Office Monthly Income Scheme, and many people also search for it as POMIS. The scheme is popular with retirees, pension top-up planners, and families who want a stable monthly amount from a one-time deposit. India Post currently shows the scheme on its savings page at 7.4% a year, payable monthly, while the Department of Economic Affairs has said small-savings rates for the January to March 2026 quarter remain unchanged from the previous quarter.
This matters because most people do not search for theory. They want one direct answer: how much monthly income will I get on Rs. 1 lakh, Rs. 5 lakh, Rs. 9 lakh, or a joint amount such as Rs. 15 lakh? This calculator gives that answer fast. It also helps you see the full 5-year interest total so you can compare MIS with a FD Calculator, SCSS Calculator, RD Calculator, PPF Calculator, or NSC Calculator.
Quick Scheme Snapshot
- India Post lists MIS at 7.4% per year, payable monthly.
- Public MIS guides commonly use a 5-year term and Rs. 1,000 as the minimum opening amount.
- Current market-wide MIS summaries usually use Rs. 9 lakh single and Rs. 15 lakh joint limits.
- MIS is mainly an income product, not a growth product, because the monthly interest is paid out instead of compounding inside the account.
MIS may work well if you want a fixed monthly amount and you care more about stability than upside. It may not be the best fit if your main goal is long-term growth, tax saving under Section 80C, or full flexibility. For those goals, tools such as Compound Interest, PPF, NSC, or a flexible FD can be more useful.
How to Use This Calculator
The calculator is simple. You enter the deposit, review the current rate shown in the tool, and read the monthly income, total interest, and maturity value. The steps below are written in plain language so you can use the result even if this is your first MIS calculation.
- Enter your investment amount - Type the lump sum you want to place in MIS, starting from Rs. 1,000.
- Choose the account setup - Pick single or joint planning so you can test the right income target.
- Check the rate in the tool - Use the current MIS rate shown in the calculator before reading the result.
- Review monthly income - See the gross monthly payout you may receive before tax or early-closure changes.
- Look at total 5-year interest - Use the full-interest number to compare MIS with FD, SCSS, or NSC choices.
- Plan your next step - Decide whether the payout will be spent, saved, or moved into another goal.
Use Gross and Net Numbers Separately
The calculator gives a good gross estimate. For real budget planning, keep a second note for tax, any branch charges, and the chance that you may close early. This one small step helps avoid most MIS planning mistakes.
If you are comparing multiple fixed-income choices, run the MIS result next to a FD Calculator and a SCSS Calculator. That side-by-side check is usually better than looking at the interest rate alone, because payout timing, tax, access rules, and age rules also matter.
Post Office MIS Formula Explained
The core MIS formula is very simple: gross monthly income equals your investment multiplied by the annual interest rate, divided by 12. That is why MIS is easy to plan with and easy to compare with other fixed-income products.
At the current India Post rate of 7.4%, a Rs. 9 lakh deposit gives gross yearly interest of Rs. 66,600. Divide that by 12 and the monthly payout is about Rs. 5,550. A Rs. 15 lakh joint plan gives gross yearly interest of Rs. 1,11,000, which works out to about Rs. 9,250 a month.
Worked Example
Example 1: Rs. 5,00,000 x 7.4% = Rs. 37,000 per year. Rs. 37,000 / 12 = about Rs. 3,083 per month.
Example 2: If your rough tax rate is 20%, the same Rs. 37,000 yearly interest may fall to about Rs. 29,600 after basic tax, or about Rs. 2,467 a month, before cess and any other adjustments.
The important thing to remember is that MIS is mainly a payout plan. The interest does not stay inside the scheme and grow at the MIS rate. If you want growth, you need to save the monthly payout somewhere else, such as a savings account, an RD Calculator, or another long-term plan. This difference between payout and compounding is one of the biggest reasons people pick the wrong product.
Types of Post Office MIS Accounts
When people search for the types of Post Office MIS, they usually mean the account setup that changes how they plan the deposit and monthly income. In practice, the most useful split is single planning, joint planning, minor-linked planning, and the payout setup you choose around the account.
- Single account: Simple ownership and simple tracking. Often used by one retiree or one saver who wants a fixed monthly amount.
- Joint account: Often used by couples or family members who want a higher combined deposit and one shared income stream.
- Minor account through guardian: Used when a family wants a child-linked post office account structure under guardian rules.
- Linked-savings payout setup: Used by savers who want the monthly MIS payout to flow into a post office savings account.
- Review-and-reinvest setup: Used by people who plan the next move at the 5-year maturity instead of spending all the payout.
| Setup | Who it may suit | Main use | What to check |
|---|---|---|---|
| Single account | One saver, pension top-up planner, simple tax filer | Easy monthly income planning | Common public limit is Rs. 9 lakh |
| Joint account | Couples or family income planning | Higher monthly payout target | Check current holder count and total limit at the branch |
| Minor-linked account | Families planning under guardian rules | Structured savings for a child | Verify the latest age and operation rules |
| Auto-credit payout | People who want low-maintenance monthly cash flow | Regular monthly credit | Confirm linked-account handling with India Post |
| Reinvest-at-maturity plan | Savers who want a repeat decision after 5 years | Keep cash flow today, review rate later | New quarter rate may differ at maturity |
One useful warning here: a lot of websites talk about joint MIS holder counts with full confidence, but the safest habit is still to check the latest India Post form at your branch. That one small check can save you from planning a deposit size that the branch cannot process in the way you expected.
Post Office MIS vs FD vs SCSS vs NSC
MIS is mainly for monthly cash flow. SCSS is usually for eligible senior citizens who want a higher rate and can work with quarterly payouts. FD is more flexible on tenure. NSC and PPF are more useful when tax saving or compounding matters more than monthly income.
| Option | Payout style | Tenure style | Tax note | Best fit |
|---|---|---|---|---|
| Post Office MIS | Monthly payout | Common current term: 5 years | Interest is usually taxable | Fixed monthly cash flow |
| SCSS | Quarterly payout | 5 years, with extension rules | Taxable interest, senior-focused rules | Higher income for eligible seniors |
| Bank FD | Monthly, quarterly, or at maturity | Flexible | Taxable interest, TDS often matters | Flexibility and bank access |
| NSC | Paid at maturity | Fixed 5 years | Common 80C use case | Locked savings and maturity focus |
| PPF | No monthly payout | Long-term | Often used for tax saving and long-term compounding | Long horizon wealth building |
If your goal is income today, MIS and SCSS Calculator are usually the first two to compare. If your goal is safe money with flexible tenure, check the FD Calculator. If your goal is long-term tax-efficient growth, PPF Calculator and NSC Calculator will often make more sense. And if you want to understand why growth products look so different from MIS, compare them with Compound Interest.
Post Office MIS Monthly Income by Investment Amount
At a 7.4% yearly rate, the table below shows the gross monthly income you may expect from common MIS deposit sizes. These values are rounded to the nearest rupee, so they are useful for quick planning and featured-snippet style comparisons.
| Investment | Monthly income | Annual interest | 5-year total interest | Principal at maturity |
|---|---|---|---|---|
| Rs. 1,00,000 | Rs. 617 | Rs. 7,400 | Rs. 37,000 | Rs. 1,00,000 |
| Rs. 3,00,000 | Rs. 1,850 | Rs. 22,200 | Rs. 1,11,000 | Rs. 3,00,000 |
| Rs. 5,00,000 | Rs. 3,083 | Rs. 37,000 | Rs. 1,85,000 | Rs. 5,00,000 |
| Rs. 9,00,000 | Rs. 5,550 | Rs. 66,600 | Rs. 3,33,000 | Rs. 9,00,000 |
| Rs. 12,00,000 | Rs. 7,400 | Rs. 88,800 | Rs. 4,44,000 | Rs. 12,00,000 |
| Rs. 15,00,000 | Rs. 9,250 | Rs. 1,11,000 | Rs. 5,55,000 | Rs. 15,00,000 |
Read This Table the Right Way
These are gross figures based on the stated rate. Your real cash in hand may be lower after tax, and your final outcome can also change if you close early or if branch handling adds practical limits around how the account is opened and operated.
Monthly Income Options by Country
Post Office MIS is an India-only scheme. If you live in another country, you will need a local monthly-income option instead of POMIS. The reason this section matters is simple: many users search for guaranteed or fixed monthly income ideas from outside India and want to know what is closest to MIS.
| Country | Closest product style | Payout style | Main difference from MIS |
|---|---|---|---|
| USA | Treasury ladder, CD ladder, annuity-style products | Can be monthly, but depends on product choice | No direct India Post MIS equivalent |
| UK | Fixed-rate savings bonds or annuity products | Varies by provider | Product access and tax rules differ from India |
| Canada | GIC ladder or annuity | Often maturity-based or scheduled | No post-office-style MIS scheme |
| Australia | Term deposits and pension drawdown products | Depends on account structure | Bank and pension system rules are different |
| India | MIS, SCSS, post office TD, bank FD | MIS pays monthly | POMIS is the direct scheme discussed on this page |
USA: If you are in the U.S., the closest idea is not one single scheme. It is usually a ladder built from Treasuries, CDs, or an annuity-style product. The monthly income may feel similar, but the product rules, tax treatment, and reinvestment risk are different.
UK and Canada: Savers there usually compare fixed-rate savings, GICs, or annuity-type products. The key difference is that you are usually choosing from banks and insurers rather than a direct India Post small-savings scheme.
Australia: Term deposits and retirement drawdown accounts are the common comparison points. These can create cash flow, but they are not the same as an India Post MIS account.
India: Here, MIS stands out because it is easy to understand and pays monthly. That is why Indian users usually compare it with SCSS, bank FD, post office TD, or an RD-plus-income plan rather than with overseas products.
Common Post Office MIS Mistakes to Avoid
The biggest MIS mistakes are simple, not technical. Most people either budget with the gross income, ignore the early-closure cost, or forget that monthly payout and long-term growth are two different goals. The examples below show the practical cost of each mistake.
- Using gross income for your budget: On Rs. 9 lakh, the gross yearly interest is Rs. 66,600. If your tax rate is 20%, your rough tax before cess is about Rs. 13,320, so the real spendable amount may be far lower.
- Ignoring single vs joint planning: If your household could use a joint setup and you only plan around Rs. 9 lakh, you may leave a large amount of possible monthly cash flow unused.
- Thinking MIS compounds by itself: MIS pays the interest out. If you spend every payout, there is no compounding at the MIS rate on that monthly cash.
- Closing too early: If a 2% early-closure hit applies on Rs. 9 lakh, that is Rs. 18,000 gone from principal value at closure.
- Ignoring inflation: A fixed payout may feel strong in year one and much smaller in year five if your monthly costs rise faster than expected.
- Skipping nominee and KYC details: Small paperwork errors can delay credits, transfer requests, or family claims later.
- Putting all retirement money in one product: MIS may support income, but it may not cover growth, emergency cash, and tax planning on its own.
A Simple 3-Bucket Fix
Many savers get better results by splitting money into three buckets: emergency cash, monthly income, and long-term growth. MIS can sit in the monthly-income bucket, while another product handles growth and a third product handles sudden expenses.
If you are not sure how much of your savings should go into a fixed-payout plan, do not decide only from the interest rate. Use your monthly expense gap first. Then test whether MIS, FD, SCSS, or a mix of products covers that gap in a cleaner way.
Tax and Legal Considerations
Post Office MIS interest is generally treated as taxable income in India. That means the monthly payout shown by the calculator is useful for planning, but it should not be treated as final cash in hand. Tax, branch practice, and your filing status can all change the end result.
For many users, the basic rule is simple: the interest you receive is usually taxed under Income from Other Sources. Unlike products that are commonly used for Section 80C deduction, MIS principal is usually not treated as a normal 80C tax-saving deposit. If you want deduction-based planning, compare MIS with PPF, NSC, or an eligible 5-year tax-saver FD instead.
Section 80TTB in Simple Words
Section 80TTB may help eligible resident senior citizens under the old tax regime claim up to Rs. 50,000 deduction on qualifying deposit interest, including eligible post office deposit interest. If that deduction matters to your plan, confirm your exact eligibility before you file your return.
TDS is the part that creates the most confusion online. Some finance pages state clear thresholds for post office interest, while others say no TDS is deducted on MIS. Because notified treatment and branch handling can change, the safest line is this: do not rely on a fixed TDS claim without checking the current rule, your PAN status, and whether Form 15G or 15H is relevant in your case.
On the legal and process side, India Post also provides forms, KYC guidance, nomination support, transfer services, and maturity-payment help from its savings section. If you are opening, transferring, or closing an account, keep your KYC papers, passbook, nominee details, and branch instructions in one place. That basic discipline makes the scheme much easier to handle.
| Document or detail | Why it matters | When you usually need it |
|---|---|---|
| PAN | Supports tax reporting and identity checks | Opening, tax review, and branch updates |
| Aadhaar or other ID proof | Supports KYC and address verification | New account opening or KYC refresh |
| Passbook | Helps with service requests and account tracing | Maturity, transfer, or closure requests |
| Nominee details | Helps family members if the holder dies | Best completed at account opening |
| Linked savings account details | Supports monthly payout handling | Opening or payout changes |
This checklist is simple, but it removes a lot of friction. Most delays in small-savings products come from missing papers, outdated KYC, or payout instructions that were never updated after the account was opened.
Post Office MIS Strategies by Life Stage
MIS is not only for one age group. The reason it feels most useful for older savers is that the monthly payout solves a real cash-flow problem. Still, the best use changes a lot by age and by goal.
In Your 20s
MIS is usually not the first choice if your main goal is wealth growth. It may still help if you need to support parents, protect a small part of a bonus, or keep one safe bucket while the rest of your money stays growth-focused.
In Your 30s
MIS may help when you want fixed cash flow for parents, school-related household planning, or a short to medium holding period. Most people in this stage still need stronger growth elsewhere, so MIS usually works better as one part of the plan, not the whole plan.
In Your 40s
This is often the stage where low-volatility income starts to matter more. MIS can support a parent-care budget, a spouse support plan, or a safe bucket before retirement, while other assets continue to grow for later years.
In Your 50s
MIS becomes more useful when retirement is near and cash-flow planning gets real. Many users in this stage compare MIS with SCSS, FD ladders, and post office TD to build a mix of monthly income, quarterly income, and reserve cash.
In Your 60s and Beyond
MIS may work well as a pension top-up, especially when you want a plain, steady monthly amount. It still makes sense to compare the result with SCSS if you qualify, because rate, payout timing, and tax treatment can change which product feels better.
Planning Note
This section is for education only. Before moving a large retirement corpus into any one fixed-income product, talk to a licensed tax adviser or financial planner who can review your full income, health, heirs, and liquidity needs.
Real-World Scenarios
Worked examples are where MIS planning becomes clear. These simple scenarios show how the monthly payout looks in normal life, not just in a formula box.
Scenario 1: Single Retiree Using the Common Single Limit
A retiree places Rs. 9 lakh in MIS at 7.4%. The gross monthly income is about Rs. 5,550, the yearly interest is Rs. 66,600, and the 5-year total interest is about Rs. 3,33,000. The principal of Rs. 9 lakh comes back at maturity if the account runs the full term.
Scenario 2: Couple Building a Joint Monthly Income Plan
A couple plans around a Rs. 15 lakh joint setup. The gross monthly income is about Rs. 9,250 and the 5-year total interest is about Rs. 5,55,000. This kind of setup often helps cover medicines, groceries, utility bills, or a pension gap.
Scenario 3: Saver Wants Income Today and Growth Tomorrow
A conservative saver uses Rs. 5 lakh in MIS and receives about Rs. 3,083 a month before tax. Instead of spending the full payout, the saver moves part of it to a separate recurring-saving plan and tests the long-term effect with the RD Calculator.
Scenario 4: Early Closure After 2 Years
Assume a Rs. 9 lakh account is closed after 24 months. Gross interest received over 2 years is about Rs. 1,33,200. If a 2% closure deduction applies, that is Rs. 18,000 from principal value, so the returned principal could be around Rs. 8,82,000 before any unpaid-interest adjustment. This is why early-exit planning matters.
Scenario 5: Senior Citizen Using 80TTB
An eligible resident senior citizen receives Rs. 37,000 yearly MIS interest on a Rs. 5 lakh deposit. If that interest qualifies under current 80TTB rules and the person is under the old tax regime, part or all of that amount may be covered within the Rs. 50,000 deduction limit. This is one reason seniors often compare MIS with SCSS instead of looking at rate alone.
Scenario 6: Household Uses MIS for Income and FD for Flexibility
A family places Rs. 9 lakh in MIS for steady monthly income and keeps another part of savings in a shorter bank FD for emergency access. This mixed setup gives one stable income stream and one more flexible reserve, which can feel safer than putting all money into just one product.
The common pattern in all six cases is clear: MIS is strongest when the user values fixed cash flow and low decision stress more than maximum growth. It becomes weaker when the user needs compounding, full flexibility, or strong tax sheltering.
Frequently Asked Questions
About This Calculator
Calculator Name: Post Office MIS Calculator - monthly income planning tool for India Post MIS users.
Category: Investment
Created by: CalculatorZone Development Team
Content Reviewed: March 2026
Last Updated: March 10, 2026
Methodology: The calculator applies the simple MIS payout formula using the interest rate shown in the tool, then estimates monthly income, total interest over a 5-year term, and maturity value. It does not replace branch-specific processing, closure rules, or tax filing advice.
Data Sources: India Post Savings Schemes page for current rate display, Department of Economic Affairs quarter-rate notices for rate-update context, India Post forms and help pages for process guidance, and tax-reference material for Section 80TTB.
Trusted Resources
Helpful Tools and Official Reading
- SCSS Calculator - Compare MIS monthly payout with a senior-focused quarterly-income product.
- FD Calculator - Check flexible bank deposit options against MIS.
- RD Calculator - Test what happens if you save your monthly MIS payout instead of spending it.
- PPF Calculator - Review a long-term tax-saving and compounding alternative.
- NSC Calculator - Compare MIS with a maturity-focused small-savings option.
- India Post Saving Schemes - Official current scheme rate display, service links, FAQs, and savings tools.
- Department of Economic Affairs Q4 FY 2025-26 rate notice - Official quarter-rate update context for small savings.
- India Post Forms - Opening forms and branch paperwork links.
- India Post Handbooks - Official handbook access for broader savings-scheme process details.
- India Post Help and FAQs - Support route for service and process questions.
- India Code - Official legal portal for checking the latest statutory scheme wording.
- Section 80TTB guide - Secondary tax-reference reading for eligible senior citizen deduction context.
Disclaimer
Financial Disclaimer
This calculator and article are for educational use only. Results are estimates based on the numbers you enter and the scheme rate shown in the tool.
India Post rules, branch process, quarter-rate updates, and tax handling can change. Always verify the latest scheme terms and speak with a licensed tax or financial professional before making a final decision.
CalculatorZone does not provide legal, tax, or investment advice, and your final result may vary from the estimate shown here.
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