Guides / Post Office Monthly Income Scheme (MIS): How Much Will You Get?

Post Office Monthly Income Scheme (MIS): How Much Will You Get?

The Post Office Monthly Income Scheme (MIS) pays you interest every month for 5 years. Your deposit comes back at the end.

Key features

• Tenure: 5 years.
• Limit: ₹9 lakh for a single account and ₹15 lakh for a joint account.
• Rate: set every quarter. It was 7.4% in the October to December 2026 quarter, so check the current rate.
• Payout: every month.

Monthly income at 7.4%

Try your own amount in the Post Office MIS Calculator.

Points to remember

1. The interest is taxable at your slab rate. At the post office, TDS may not be deducted, so you may need to report it yourself.
2. The rate is fixed for the 5 years once you invest.
3. Early closure is allowed after a minimum period, with a deduction.
4. The income does not grow, so inflation will reduce its buying power over 5 years.

Who it suits

People who want steady monthly income from safe savings, such as retirees. If you are 60 or above, also look at SCSS, which often pays a higher rate.