🧮 Post Office MIS Calculator
Calculate monthly income & returns instantly
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⚠️ Premature Withdrawal
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🧮 Other Useful & Important Post Office Calculators
🔗 Official Postal Department Resources
For official information, rules, and latest interest rates, visit the India Post website:
Official Link of Postal Department – Banking & Savings Services
How to use Post Office MIS Calculator
The Post Office MIS Calculator ( Monthly Income Scheme ) is a simple online tool designed to help you estimate your monthly interest income, total interest earned, maturity amount, and any penalties for premature withdrawal.
To use it effectively:
- Enter the Investment Amount: Input the lump sum amount you plan to invest in the Post Office MIS account. The minimum investment is ₹1,000, and the maximum is ₹9 lakh for a single account (or ₹15 lakh for a joint account).
2. Select the Investment Type (if available): Choose between single or joint account, as it may affect the maximum limit.
3. Choose the Calculation Mode
Calculate Returns: This option computes your expected monthly interest payout, total interest over the 5-year tenure, and the maturity amount (principal + interest).
Calculate Penalty: If you're considering early withdrawal, enter the details to estimate the deduction or reduced interest rate applicable.
4. Click the Calculate Button: The tool will instantly display the results based on the current applicable interest rate (7.4% p.a. as of latest quarter)
This calculator uses the latest government-notified rates and standard MIS rules for accurate projections, helping you plan your fixed monthly income needs. Note that actual payouts may vary slightly due to rounding or post office-specific processes. For official calculations, always verify with your local post office.
How to calculate Post Office MIS interest
Post Office MIS interest is calculated using simple interest on the invested amount and paid monthly. The return depends on the investment value and the applicable interest rate. A post office MIS calculator helps you instantly calculate monthly income by entering the deposit amount, eliminating the need for manual formulas or complex calculations.
What is the interest rate for MIS in Post Office
The interest rate for the Post Office Monthly Income Scheme is fixed by the Government of India and revised quarterly. This rate applies for the entire tenure once you invest. Using a post office MIS calculator, you can easily estimate monthly income based on the current interest rate before opening an account
Post Office Monthly Income Scheme details
he Post Office Monthly Income Scheme (MIS) is a government-backed savings scheme offering fixed monthly income with low risk. It has a fixed maturity period and is suitable for conservative investors seeking regular cash flow. A post office MIS calculator allows users to explore returns, maturity value, and income scenarios easily, making it simpler to compare MIS with other fixed-income investment options.
Post Office MIS scheme rules
Post Office MIS scheme rules define investment limits, account types, maturity period, and premature withdrawal conditions. Accounts can be opened individually or jointly, with higher limits for joint accounts. Interest is paid monthly and does not compound. A post office MIS calculator helps users apply these rules practically by showing returns based on allowed limits and scheme conditions.
Post Office MIS eligibility
Eligibility for Post Office MIS includes Indian residents above 18 years, while minors can invest through a guardian. NRIs and HUFs are not eligible to open MIS accounts. Using a post office MIS calculator, eligible investors can quickly evaluate whether the scheme fits their income goals before visiting a post office or making a final investment decision.
Post Office MIS minimum investment
The minimum investment amount for Post Office MIS is fixed by the government and investments must be made in specified multiples. Maximum limits also apply per investor. With a post office MIS calculator, users can test different investment amounts to see how the minimum and higher deposits affect monthly income.
Post Office MIS tax calculation
Interest earned from Post Office MIS is fully taxable under the Income Tax Act and must be added to the investor’s total income. No tax benefits under Section 80C are available. With a post office MIS calculator, users can estimate gross returns first and then assess post-tax income based on their applicable income tax slab.
Post Office MIS TDS rules
As per current rules, TDS is not deducted automatically on Post Office MIS interest, regardless of the amount earned. However, investors must declare the interest income while filing returns. A post office MIS calculator helps users track annual interest earnings accurately, making tax reporting and financial planning much easier.
Links For Other Useful Calculators Connected To Taxation
1. Calculate Income Tax With Help of Modern Income Tax Calculator - Income Tax Calculator
2. Calculate Tax Deducted at Source With Help of TDS Calculator - Fast TDS Calculator
FAQs
1. What is Post Office Monthly Income Scheme (MIS) and how does it work?
The Post Office Monthly Income Scheme (MIS) is a government-backed savings plan that offers guaranteed monthly interest payouts on a lump-sum investment over a fixed 5-year period. You deposit a one-time amount with the post office, and interest is credited monthly to your linked bank account. A Post office MIS calculator helps estimate monthly payouts and returns before investing, based on your principal and current interest rate.
2. What is the minimum and maximum investment amount for POMIS?
The minimum investment in the Post Office Monthly Income Scheme is ₹1,000, while the maximum is ₹9 lakh for a single account or ₹15 lakh for a joint account. These limits make it accessible for various savers across India, allowing flexible contributions to this monthly scheme in post office. A Post office MIS calculator can help determine how different investment amounts affect your returns and interest rates over time
3. Is the interest from Post Office MIS taxable?
Yes. Interest earned from the Post Office MIS is fully taxable as per your applicable income tax slab. There’s no tax exemption under Section 80C just for interest on MIS, so always use a Post office MIS calculator to estimate after-tax returns as well.
4. Can I withdraw my Post Office MIS investment before 5 years?
Yes, but premature withdrawal has conditions:
Before 1 year: Not permitted
Between 1–3 years: Penalty (typically 2%)
After 3 years: Lower penalty (around 1%)
Your PO MIS calculator should factor penalties when estimating returns for early withdrawal.
5. Can I open a Post Office MIS account online?
Traditionally, MIS accounts are opened offline at a local post office with KYC documents (Aadhaar, PAN, photo, address proof). Some post offices may support e-banking or online initiation if linked with India Post payment accounts. A Post office MIS calculator helps plan your investment even before you visit the post office.
6. How many MIS accounts can one person have?
There’s no official limit on the number of MIS accounts, but the maximum cumulative investment per person remains ₹9 lakh (unless joint, where total can be higher). .
7. How to open a Post Office MIS account?
To open a POMIS account, visit any post office in India with KYC documents like Aadhaar, PAN, address proof, and your initial deposit. It's available to Indian residents aged 10 and above, including minors through guardians. This simple process makes the monthly scheme in post office a go-to for savings. Once opened, plan your monthly income based on interest rates.
8. What are the benefits of investing in POMIS?
Key benefits include guaranteed monthly income, low risk as it's government-backed, capital preservation, and no market volatility. It's ideal for retirees or conservative savers across Indian states. The monthly scheme in post office offers stable returns, and a Post office MIS calculator helps visualize these advantages by computing interest over the tenure.
9. Can I open a joint account in POMIS?
Yes, joint accounts are allowed with up to three holders, increasing the maximum investment to ₹15 lakh for higher returns. This is popular among families for shared savings in the monthly scheme in post office. Input joint details into a MIS calculator to estimate combined monthly interest based on current rates.