A monthly payout, not a compounding deposit
Use this POMIS calculator to estimate income from a lump-sum deposit. The loaded example puts in ₹5,00,000 at an assumed 7.4%, giving ₹3,083 per month and ₹1,84,980 across 60 payments.
Monthly payout = round(Deposit × Annual rate ÷ 1200)Annual payouts = Monthly payout × 12Five-year receipts = Deposit + Monthly payout × 60The scheme rules round monthly interest to the nearest rupee and do not add interest on unclaimed payouts. Principal is returned after five years. “Total received” therefore includes money paid earlier, not one maturity cheque.
This example describes the page-load inputs; Calculate MIS income updates the result panels. The annual total is twelve rounded payouts, not a separately rounded annual formula. This prevents small rounding differences from changing unnoticed between the KPIs and ledger.
Common deposits at the 7.4% reference rate
This is a dated reference, not a live rate feed. Indian Bank's July–September 2026 table lists 7.4% with monthly payout and no compounding. Verify the notified rate for a new account's actual opening period.
| Deposit | Monthly | 5-year interest | Account example |
|---|---|---|---|
| ₹1,00,000 | ₹617 | ₹37,020 | single |
| ₹2,00,000 | ₹1,233 | ₹73,980 | single |
| ₹3,00,000 | ₹1,850 | ₹1,11,000 | single |
| ₹5,00,000 | ₹3,083 | ₹1,84,980 | single |
| ₹7,00,000 | ₹4,317 | ₹2,59,020 | single |
| ₹9,00,000 | ₹5,550 | ₹3,33,000 | single |
| ₹15,00,000 | ₹9,250 | ₹5,55,000 | joint |
A custom rate changes the illustration, not the official account terms. This calculator does not determine your locked-in rate, renew the account or reinvest the payouts.
Check eligibility and existing holdings
The 2023 amendment summary sets single/joint limits at ₹9,00,000/₹15,00,000. Deposits start at ₹1,000 in ₹1,000 steps. Joint shares and other accounts matter; passing this form's per-account cap does not establish your remaining eligibility.
Ordinary premature closure is allowed only after one year: the original scheme specifies a 2% deposit deduction on or before three years, then 1% after three years before maturity. This tool models full-term payouts only. Confirm exact dates and applicable amendments with the accounts office. Official scheme text.
Tax and inflation are excluded; gross payouts are not automatically net spendable income. The RBI scheme table lists no 80C deduction for the MIS deposit. Do not substitute salary-only tax assumptions for your complete investment-income tax position.
Do you need income now or a future lump sum?
MIS results separate regular cash payments from capital returned later. Decide which figure matters to your budget before comparing it with a growth-oriented savings projection. Reinvesting payouts elsewhere would need a separate schedule, rate and eligibility check; this estimate does not do that automatically.
If the question is a girl's future savings rather than monthly income today, the SSY maturity planner shows contribution years and age at maturity. It serves a different purpose-not a claim that one scheme is best for every family.
Shared result links contain the deposit and assumptions in the URL. Avoid identifiable financial information; see the website privacy explanation.
Frequently asked questions
How does the Post Office MIS calculator work?
Enter a lump-sum deposit, single or joint account and an annual interest-rate assumption. The calculator divides annual simple interest by 12, rounds the monthly payout to the nearest rupee and totals 60 payouts. It does not compound or reinvest them.
Which interest rate does this calculator use?
The 7.4% default is a dated July–September 2026 reference. It is not automatically updated or represented as the latest rate for a new account. Check the notified rate for your opening period; a changed rate is an illustrative assumption.
How much can I deposit?
The modeled minimum is ₹1,000 in multiples of ₹1,000, with ₹9,00,000 for a single account and ₹15,00,000 for a joint account. Existing accounts and each holder's share can affect eligibility; this calculator does not verify aggregate holdings.
Why is annual payout slightly different from deposit times rate?
Monthly payouts are rounded first. For ₹5,00,000 at 7.4%, ₹3,083.33 rounds to ₹3,083; twelve payments total ₹36,996 and sixty total ₹1,84,980. Multiplying the unrounded annual formula gives ₹37,000 instead. The displayed totals consistently use the rounded monthly payout.
Is the total received paid entirely at maturity?
No. Total received combines interest paid over five years with principal returned at maturity. The monthly payouts are not an accumulated interest balance. Actual payment dates and any closure adjustments must be confirmed with the accounts office.
Does this estimate include tax or early closure?
No. It shows full-term before-tax receipts, without early-closure deductions, withdrawals, death-claim adjustments, fees or inflation. MIS does not provide an 80C deposit deduction. Review applicable tax treatment separately; gross interest is not automatically your net spendable income.
Will a result link include my deposit?
Yes. Copy result link includes deposit, account type and assumed rate in the URL. Browser history, recipients and the receiving server can see those values. Calculations do not require an account or a calculator database.