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About this tool
Calculate the monthly income from a Post Office Monthly Income Scheme deposit, with single and joint account limits and total interest.
This Post Office MIS calculator shows the fixed monthly income a Post Office Monthly Income Scheme deposit will credit to your account for the full five-year term, using the standard formula deposit × annual rate ÷ 1200. It enforces the real deposit ceilings — ₹9 lakh for a single account and ₹15 lakh for a joint account since 1 April 2023 — and adds up the total interest, the principal returned at maturity and the penalty for closing early. It is aimed at retirees, homemakers and anyone converting a lump sum into a predictable monthly cash flow backed by the Government of India.
Open Post Office MIS Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
The calculator blocks amounts above the ₹9 lakh single or ₹15 lakh joint ceiling instead of quietly overstating your income.
Monthly, quarterly and annual income plus total interest over five years and the principal returned at maturity.
The 2% and 1% premature-closure deductions are calculated on your actual deposit.
Monthly income = deposit × annual interest rate ÷ 1200. At 7.4% a year, a ₹9 lakh deposit pays ₹5,550 every month and a ₹15 lakh joint account pays ₹9,250, with the full principal returned after five years.
₹9 lakh in a single account and ₹15 lakh in a joint account, both raised from ₹4.5 lakh and ₹9 lakh with effect from 1 April 2023. In a joint account each holder's share counts towards their individual limit.
Yes. The monthly interest is fully taxable as income from other sources at your slab rate and the deposit does not qualify for a section 80C deduction, although the post office does not deduct TDS on POMIS interest.
Not in the first year. Closing between one and three years deducts 2% of the deposit, and between three and five years deducts 1%. The interest already paid to you is not recovered.
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