Post Office MIS Calculator
Calculate monthly income, annual interest, total interest, maturity amount, and post-tax income from Post Office Monthly Income Scheme.
Enter MIS Details
MIS Summary
Insight
Post Office MIS is designed for regular income, not compounding growth.
Deposit vs Total Interest
Income Over Time
Post Office MIS Breakdown Table
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What is Post Office MIS?
Post Office MIS, or Monthly Income Scheme, is a savings scheme that provides regular monthly interest income. It is useful for people who want predictable monthly cash flow from a fixed deposit-like product.
How This Post Office MIS Calculator Works
This calculator uses your deposit amount, annual interest rate, tenure, account type, and optional tax rate to estimate monthly income, annual interest, total interest, and maturity amount.
Post Office MIS Formula
Monthly Income = Deposit Amount × Annual Interest Rate ÷ 12
Total Interest = Monthly Income × 12 × Tenure
Benefits of Using a Post Office MIS Calculator
- Helps estimate regular monthly income
- Shows annual and total interest income
- Useful for retirees and conservative investors
- Helps compare MIS with SCSS, FD, and SWP
- Shows post-tax income estimate
Post Office MIS Calculation Example
Suppose you deposit ₹9,00,000 in Post Office MIS at 7.4% per annum. Your estimated monthly income will be ₹5,550 and annual interest will be ₹66,600.
Frequently Asked Questions
What is the current Post Office MIS interest rate?
The default rate used in this calculator is 7.4% per annum. You can edit the rate if the government revises small savings rates.
Does Post Office MIS pay monthly income?
Yes. Post Office MIS is designed to pay interest monthly.
What is the maturity period of Post Office MIS?
The usual tenure of Post Office MIS is 5 years.
What is the maximum deposit limit in MIS?
This calculator uses ₹9 lakh for single account and ₹15 lakh for joint account as deposit limit helper. Always check the latest official limit before investing.
Is MIS interest taxable?
Yes. Interest from MIS is generally taxable as per your income tax slab. This calculator includes an optional tax rate for post-tax income estimate.
Is MIS better than SCSS?
MIS and SCSS serve similar income needs, but SCSS is specifically for senior citizens and may offer a different rate and payout structure. You can compare both using the SCSS Calculator.
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