Post Office MIS Calculator 2026 (POMIS)

Calculate guaranteed 7.4% p.a. monthly interest payout on single (up to ₹9 Lakh) or joint (up to ₹15 Lakh) accounts

POMIS Deposit Inputs

Account Type

Deposit Amount (₹)

Guaranteed Monthly Payout₹5,550 / mo

Annual Payout: ₹66,600 (at 7.4% p.a.)

Total 5-Yr Income₹3.33 L

Principal Returned (Yr 5)₹9.00 L

5-Year Payout Schedule

Year	Monthly Payout	Annual Interest Paid	Cumulative Income	Principal Security
Year 1	₹5,550 / mo	₹66,600	₹66,600	₹9.00 L
Year 2	₹5,550 / mo	₹66,600	₹1.33 L	₹9.00 L
Year 3	₹5,550 / mo	₹66,600	₹2.00 L	₹9.00 L
Year 4	₹5,550 / mo	₹66,600	₹2.66 L	₹9.00 L
Year 5	₹5,550 / mo	₹66,600	₹3.33 L	₹9.00 L

POMIS Monthly Income Formula & Live Calculation

Standard Formula

Monthly Income = (Deposit Amount × Annual Interest Rate) / 12

Live Calculation (Plugging Your Values)

Deposit Amount (P):₹9.00 L

Annual Rate (r):7.4% p.a.

Account Limit Ceiling (L):₹9.00 L

Payout Frequency (f):12 Months

Substituted Equation:

Monthly Income = (₹9.00 L × 7.4%) / 12 = (₹66,600) / 12

Guaranteed Monthly Income:₹5,550 / month

Under India Post rules, POMIS interest is calculated simply on the principal amount at 7.4% p.a. and disbursed directly into your linked savings account on the 1st of every month for 60 months.

Post Office MIS (POMIS) FAQs

What is the current POMIS interest rate?

Post Office Monthly Income Scheme currently pays 7.4% per annum, credited as a monthly payout rather than compounded. The rate is set quarterly by the Ministry of Finance and is fixed for your 5-year term once the account is opened.

What is Post Office Monthly Income Scheme (POMIS)?

POMIS is a low-risk government-backed savings scheme offered by India Post that provides a guaranteed monthly interest payout on a lump-sum deposit over a 5-year tenure at a fixed interest rate (currently 7.4% p.a.).

What are the deposit limits for POMIS single and joint accounts?

For a Single Account, the maximum deposit limit is ₹9 Lakhs. For a Joint Account (held by up to 3 adults), the maximum combined deposit limit is ₹15 Lakhs.

Is POMIS interest income taxable?

Yes, the monthly interest income earned from POMIS is fully taxable according to your applicable income tax slab rate. TDS is not deducted at source by the post office, but subscribers must report it in their ITR under 'Income from Other Sources'.

Does POMIS qualify for Section 80C tax deduction?

No, deposits made into Post Office Monthly Income Scheme (POMIS) do not qualify for tax deduction under Section 80C of the Income Tax Act.

What happens if I prematurely withdraw POMIS before 5 years?

Premature withdrawal is allowed after 1 year. If withdrawn between 1 to 3 years, a penalty of 2% is deducted from the principal. If withdrawn between 3 to 5 years, a penalty of 1% is deducted.

Can I hold POMIS and SCSS together, and can the payout feed an RD?

Yes to both, and together they are the standard retiree income structure. The limits are separate: up to Rs 9 lakh single or Rs 15 lakh joint in POMIS, and up to Rs 30 lakh in SCSS, so a couple can hold both in full. The post office also lets you set an automatic transfer of the monthly POMIS interest into a post office RD, which turns income you do not need immediately into compounding savings instead of idle cash.