Work out the monthly interest from a Post Office Monthly Income Scheme deposit at a rate you enter.
50free calculators No sign-up. No saved inputs.
Calculated from your inputs
Monthly interest payout
Total interest payouts
Principal returned at maturity
Total cash received over term
How this is calculated
Interest is paid monthly without reinvestment; principal is returned at the end of the entered term. No eligibility, deposit-limit, premature-closure or tax checks.
Defaults are editable examples, not current provider quotes. Results are rounded for display. These are scenarios from your inputs, not live market data or investment advice.
The Post Office Monthly Income Scheme (MIS) takes a lump-sum deposit for five years and pays interest every month. The principal is returned at maturity.
How the Post Office MIS calculator works
Monthly interest = Deposit × annual rate ÷ 12
Interest is paid out each month and not reinvested, so it does not compound. The calculator adds the payouts over the term and the principal returned at the end.
Worked example
Example inputs
Deposit amount
₹5,00,000
Assumed annual rate
7.4%
Time period
5 years
Calculated result
Monthly interest payout
₹3,083.33
Total interest payouts
₹1,85,000
Principal returned at maturity
₹5,00,000
Total cash received over term
₹6,85,000
Why use a Post Office MIS calculator?
Estimate a steady monthly income from savings.
Compare monthly payouts with an FD that pays interest monthly.
Post Office MIS calculator FAQs
How much can I deposit in POMIS?
The scheme sets a minimum and separate maximums for single and joint accounts. Check India Post for the current limits.
Is POMIS interest taxable?
Yes, at your slab rate. The scheme has no tax deduction on the deposit.
Can I close it early?
After one year, with a deduction from the principal that is higher in the early years. Before one year it cannot be closed.
Can the interest be reinvested?
The scheme pays it out. You can move it into a recurring deposit yourself, but the calculator does not model that.