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Post Office Monthly Income Scheme (POMIS) calculator

  

Interest is paid each month for 5 years.

9 lakh

%

7.4% for Oct–Dec 2026.

Monthly income

₹5,550

₹3,33,000 over 5 years, then the deposit comes back.

Per year
₹66,600
Over 5 years
₹3,33,000

Turning the monthly payout into growth

Many savers send the MIS payout into a recurring deposit. Use the RD calculator with the monthly figure from this page to see what that adds up to.

Sources

What this calculator does not account for

  • Tax on the monthly interest, at your slab rate.
  • Early-closure deductions of 1% or 2% of the deposit.
  • What you do with each payout; it is not reinvested here.

How this is calculated

Formula: Simple interest, paid monthly

monthly interest =deposit × rate ÷ 12

What the symbols mean

  • deposit₹1,000 up to ₹9 lakh in a single account, ₹15 lakh joint.
  • rate7.4% a year for Oct–Dec 2026.

Good to know

  • Rates for 1 October – 31 December 2026, unchanged from the previous quarter. The government reviews them every quarter; a deposit keeps the rate it was opened at.
  • ₹10,000 pays about ₹62 a month, matching India Post's published figure.

Read the full methodologyFound an error? Contact us

Worked examples

Each example is worked out by the same code as the calculator above.

₹9 lakh single account

₹9,00,000 × 7.4% ÷ 12 is ₹5,550 a month, or ₹3.33 lakh over 5 years.

₹15 lakh joint account

A full joint account pays ₹9,250 a month and ₹5.55 lakh over the term.

Embed this calculator

The frame shows the tool only.

<iframe src="/embed/post-office-mis" title="Post Office MIS" width="100%" height="720" style="border:0;max-width:42rem" loading="lazy"></iframe>

Questions

How much does ₹9 lakh pay a month?

₹5,550 a month at 7.4%, or ₹3.33 lakh over the 5 years.

Can I close it early?

After one year. Before 3 years, 2% of the deposit is deducted; between 3 and 5 years, 1%.

Is the interest taxable?

Yes, at your slab rate. There is no tax deduction on the deposit.