About the Post Office MIS Calculator
The Post Office Monthly Income Scheme (MIS) pays you interest every month for 5 years and returns your deposit at the end. It suits people who want a steady monthly income from safe savings.
Enter your deposit and the current rate to see your monthly income.
Formula used
Monthly income = Deposit × annual rate ÷ 12 ÷ 100.
Frequently asked questions
What is the maximum deposit?
₹9 lakh in a single account and ₹15 lakh in a joint account.
Is the monthly income taxable?
Yes, the interest is taxable at your slab rate.
Can I withdraw early?
Early closure is allowed after a minimum period, with a deduction. Check the latest rules.