Post Office MIS Calculator 2026 (POMIS)

Calculate the monthly interest from a one-time Post Office MIS deposit at the current 7.4% p.a., on a single (up to ₹9 lakh) or joint (up to ₹15 lakh) account

Account Type

One-time deposit (₹)

₹

Quick Presets:

₹1,000₹9.00 L

POMIS takes a single deposit when you open the account. Your deposits across all MIS accounts, counting your share of any joint account, can't exceed ₹9 lakh.

Interest rate (% p.a.)

5%10%

The current notified rate is 7.4% p.a. An account keeps the rate in force on the day it was opened for all 5 years, so enter that rate if yours is older.

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

Show as

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

Year	Monthly Payout	Annual Interest Paid	Cumulative Income	Principal returned
Year 1	₹5,550 / mo	₹66,600	₹66,600	—
Year 2	₹5,550 / mo	₹66,600	₹1.33 L	—
Year 3	₹5,550 / mo	₹66,600	₹2.00 L	—
Year 4	₹5,550 / mo	₹66,600	₹2.66 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):₹9,00,000

Annual Rate (r):7.4% p.a. (fixed for the term)

Payout Frequency (f):12 Months

Substituted Equation:

Monthly Income = (₹9,00,000 × 7.4%) / 12 = (₹66,600) / 12

Guaranteed Monthly Income:₹5,550 / month

This is simple interest: each month's interest is paid out, not added to the deposit, so every payment is the same and is rounded to the nearest rupee. The first payment comes one month after your deposit date, then every month for five years. If you deposit on the 29th, 30th or 31st, months without that date pay on their last day.

About the Post Office Monthly Income Scheme

The Post Office Monthly Income Scheme (POMIS, or MIS) is a government savings scheme run by India Post. You deposit a lump sum once; it pays you interest every month for five years and then returns the deposit. The rate in force when you open the account stays fixed for the whole term.

Interest is paid out, not compounded

POMIS interest does not compound. Each month's interest is paid to you and is not added to the deposit, so the payment stays the same every month. Interest you leave unclaimed earns nothing extra. You can have it credited automatically to your post office savings account or, through ECS, to your bank account, and reinvest it yourself if you don't need it.

Who can open an account

Any adult, alone or jointly with up to two other adults (three in all).
A minor aged 10 or over, in their own name. A guardian can open one for a younger minor or for a person of unsound mind.
You can hold more than one MIS account, but your total, counting half or a third of each joint account you share, cannot exceed ₹9 lakh.

One deposit per account

Each account takes a single deposit of at least ₹1,000, in multiples of ₹1,000: up to ₹9 lakh in a single account and ₹15 lakh in a joint one. You cannot add money later; to invest more, open another account within your overall limit.

How to open a POMIS account

Go to a post office.
Fill in Form-1, the application form for small savings schemes.
Attach your Aadhaar (or proof that you have applied for it, with the number due within six months) and your PAN or Form 60.
Name up to four nominees in Form 10.
Pay the deposit in cash, by cheque or demand draft, or by electronic transfer. With a cheque, interest runs from the day it clears.
To receive the interest automatically, ask for it to be credited to your post office savings account or, with an ECS mandate, to your bank account.

After five years, or earlier

After five years the deposit is repaid on an application in Form-3. The scheme has no extension; to continue, open a new account at the rate then in force.
You cannot close the account in the first year. Close it within three years and 2% of the deposit is deducted; after three years, 1%.
If the account holder dies, the account is closed and the deposit refunded with interest up to the month before the refund.

Rules from the National Savings (Monthly Income Account) Scheme, 2019, as amended up to 31 March 2023, and the Government Savings Promotion General Rules, 2018 (National Savings Institute). Interest credit to a bank account: India Post SB Order 09/2021. Income-tax Act, 2025 section numbers from ClearTax's old-to-new table.

References

How these numbers are checked →

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.).

When is POMIS interest paid each month?

One month after your deposit date, then on the same date every month for five years, not on the 1st of the month. If that date falls on a Sunday or holiday, you are paid on the working day before. Deposits made on the 29th, 30th or 31st are paid on the last day of shorter months.

Can I add money to a POMIS account later?

No. Each POMIS account takes one deposit, made when you open it (scheme rules, para 4(1)). To invest more, open another account; your total across all MIS accounts, counting your share of joint accounts, must stay within ₹9 lakh.

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

For a single account the maximum is ₹9 lakh; for a joint account held by up to three adults, ₹15 lakh. The limit is also personal: your deposits across all MIS accounts, counting your half or third share of any joint account, cannot exceed ₹9 lakh.

Can a minor open a POMIS account?

Yes. A minor aged 10 or above can open one in their own name, and a guardian can open one on behalf of a younger minor. The single-account limit of ₹9 lakh applies.

How do I open a POMIS account?

At a post office: fill in Form-1, attach your Aadhaar and your PAN (or Form 60), name up to four nominees, and pay the deposit in cash, by cheque or by transfer. Ask for the monthly interest to be credited to your post office savings account or, with an ECS mandate, to your bank account.

Is POMIS interest income taxable?

Yes. POMIS interest is taxable at your income tax slab rate under both regimes and must be reported in your ITR under 'Income from Other Sources', whether or not any TDS has been deducted.

Does POMIS qualify for Section 80C tax deduction?

No. POMIS deposits do not qualify for the deduction under section 123 of the Income-tax Act, 2025 (earlier section 80C), under either regime.

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. The limits are separate: up to ₹9 lakh single or ₹15 lakh joint in POMIS, and up to ₹30 lakh in SCSS, so a couple can hold both in full. The monthly POMIS interest can be credited automatically to your post office savings account or, with an ECS mandate, to your bank account (India Post SB Order 09/2021). If you don't need it, you can put it into a recurring deposit yourself.

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