How is the monthly income calculated?

Monthly income = Principal × Annual rate / 100 / 12. It is paid every month on the date of account opening.

What is the tenure of MIS?

Post Office MIS has a fixed 5-year tenure. The principal is returned in full at the end of the term.

What are the investment limits?

Single account: ₹9,00,000. Joint account: ₹15,00,000. Limits revised in April 2023.

Is the monthly interest taxable?

Yes. MIS interest is fully taxable as per your slab; India Post does not deduct TDS but you must declare it in your return.

Post Office MIS Calculator

Compute the monthly income from the Post Office Monthly Income Scheme on a lump-sum deposit.

Inputs

Investment amount

INR

Single account: max ₹9 lakh. Joint account: max ₹15 lakh.

Interest rate (p.a.)

Govt-notified MIS rate (currently 7.4%, Q3 FY 2025-26).

Account type

Result

Monthly Income

₹3,083.33

At 7.4% on ₹500,000.00

Total Interest (5 yrs)₹185,000.00

Principal Returned at Maturity₹500,000.00

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Calculate maturity of a Post Office Fixed Deposit (Time Deposit) for 1, 2, 3 or 5-year tenures.

Post Office RD Calculator

Compute maturity of a Post Office Recurring Deposit using the official India Post quarterly-compounding formula.

Post Office Time Deposit Calculator

Calculate maturity of a Post Office Time Deposit for 1, 2, 3 or 5-year tenures with quarterly compounding.

Formula

Formula: Monthly Income = P × r / 100 / 12 Total Interest = P × r / 100 × 5 (for the 5-year tenure) Principal returned at maturity = P Variable definitions: • P = Lump-sum invested (INR) • r = Annual interest rate (%) • Monthly Income = amount credited each month

How it works

The Post Office Monthly Income Scheme (MIS) is a Govt-backed scheme that pays a fixed monthly interest on a lump-sum deposit and returns the entire principal at the end of a 5-year tenure.

Example

Example: Example: ₹5,00,000 at 7.4%. Monthly Income = 5,00,000 × 7.4 / 100 / 12 = ₹3,083.33 Total interest over 5 years ≈ ₹1,85,000 At maturity, ₹5,00,000 principal is returned.

Frequently Asked Questions

Disclaimer: Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice. Always consult a qualified professional before making decisions.