Post Office MIS Calculator
See the fixed monthly income you'll earn from the Post Office Monthly Income Scheme.
Deposit details
Maximum ₹9 lakh in a single account (₹15 lakh in a joint account).
Current rate, set and revised by the government each quarter — edit it to match today's figure.
Monthly income
₹3,083
paid every month
You receive ₹3,083 every month as income, and your ₹5,00,000 principal is returned in full when the 5-year term ends.
The Post Office Monthly Income Scheme pays a fixed monthly payout for 5 years and returns your principal at maturity. Interest is a simple payout, not compounded, and is fully taxable in your hands.
The Post Office Monthly Income Scheme (MIS) is a government-backed savings scheme that pays a fixed income every month. It runs for a fixed 5 years and pays interest as a simple monthly payout, with your full principal returned at maturity. Because it is a small savings scheme, the interest rate is set by the government and revised each quarter. This Post Office MIS calculator turns your deposit and the current rate into your monthly income, annual income and total interest over five years, so you can plan around a steady monthly income scheme payout.
How Post Office MIS income is calculated
MIS pays a simple (non-compounded) interest payout every month, and returns your principal untouched at the end of the 5-year term. The mis calculator post office view works out each figure like this:
Monthly income = P × r/100 ÷ 12
Where P is your deposit and ris the annual interest rate (a current rate, set and revised by the government each quarter — you can edit it to match today's figure). Annual income is P × r/100, and total interest over the term is that annual figure multiplied by five. For example, ₹5,00,000 at 7.4% pays about ₹3,083 every month and ₹1,85,000 of interest over five years, with the ₹5,00,000 principal returned at maturity.
Frequently asked questions
How does this Post Office MIS calculator work?+
The post office monthly income scheme pays a fixed monthly payout for five years. This post office mis calculator multiplies your deposit by the annual rate, then divides by twelve to show the monthly income, alongside the annual income and total interest over the term, so you can see the regular income the scheme will provide.
What is the maximum I can invest in Post Office MIS?+
The maximum is ₹9 lakh in a single account and ₹15 lakh in a joint account, which is why this monthly income scheme calculator caps a single-account deposit at ₹9 lakh. The minimum deposit is ₹1,000, in multiples of ₹1,000.
What is the current Post Office MIS interest rate?+
The MIS interest rate is a current rate that is set and revised by the government each quarter, so there is no permanently fixed number. This mis calculator post office tool lets you enter the latest government-notified rate, which you can verify on the India Post source below.
Is the monthly income from Post Office MIS taxable?+
Yes. The monthly interest from the post office monthly income scheme is fully taxable in your hands, and Post Office MIS does not qualify for a Section 80C deduction. Treat the payout shown by this post office mis calculator as a pre-tax figure when planning your income.
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