Post Office MIS Calculator

A Post Office Monthly Income Scheme (POMIS) calculator is an online tool that helps investors estimate the fixed monthly income they will receive from a post office MIS account — based on the deposit amount and the current government-declared interest rate. POMIS is a government-backed savings scheme that pays a guaranteed fixed monthly interest on a lump sum deposit — providing regular income to retirees, housewives, and conservative investors who need predictable monthly cash flows without market risk. The current POMIS interest rate is 7.4% per annum, payable monthly. The MIS calculator shows the exact monthly interest for any deposit amount up to the maximum individual limit of ₹9 lakh (₹15 lakh for joint accounts). For example, a ₹9 lakh deposit at 7.4% generates ₹5,550 per month as guaranteed income. The deposit tenure is 5 years, after which the principal is returned. POMIS interest is taxable at the applicable income tax slab rate — TDS is deducted if annual interest exceeds ₹40,000. The POMIS calculator helps investors compare the monthly income from post office MIS against alternatives like SCSS, bank FD interest, and dividend-yielding mutual funds — enabling an informed choice based on income requirement, risk tolerance, and tax efficiency for different investor profiles in India.