Post Office Monthly Income Scheme (MIS) Calculator – Calculate 7.4% Monthly Pension
Calculate Post Office MIS 7.4% monthly guaranteed income payouts, single vs joint account limits (₹9L / ₹15L), and 5-year payout schedule table.
100% sovereign sovereign guarantee
Full principal returned at maturity
5-Year Monthly Income Payout Progression Schedule
| Year | Monthly Installments | Annual Interest Earned | Cumulative Interest | Principal Balance |
|---|
How to Use this Calculator & Formula Breakdown
Step 1: Input Financial Parameters
Select Single (₹9L limit) or Joint Account (₹15L limit).
Step 2: Instant Client-Side Computation
Enter deposit amount (₹1,000 to ₹15 Lakhs).
Step 3: Analyze Visual Breakdown & Amortization
Explore live interactive Chart.js donut chart, guaranteed monthly income, and full 5-year payout schedule table.
Mathematical Algorithm & Formula
Frequently Asked Questions (FAQs)
What is the current interest rate on Post Office Monthly Income Scheme (POMIS)?
The Ministry of Finance offers a 7.4% per annum interest rate on POMIS, payable monthly directly into your post office or bank savings account.
What is the maximum investment limit in Post Office MIS?
The maximum deposit ceiling is ₹9 Lakhs for a Single Account and ₹15 Lakhs for a Joint Account.
What is the maturity period of a POMIS account?
POMIS has a mandatory lock-in tenure of 5 years (60 months), after which the entire principal is refunded with zero deduction.
Is there any TDS deducted on Post Office MIS interest?
No TDS is deducted by the post office on POMIS monthly interest, but the interest is taxable as per your individual income tax slab.
Can you withdraw or close POMIS account prematurely?
Premature closure is allowed after 1 year with a nominal 2% penalty on principal (if closed between 1-3 years) or 1% penalty (if closed between 3-5 years).
Can monthly interest be auto-credited to a bank account?
Yes, you can link your bank savings account to receive monthly interest automatically via ECS/auto-credit.
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