Post Office Monthly Income Scheme (MIS) Calculator
Calculate your monthly payout from POMIS — 7.4% p.a., Q1 FY 2026-27
Post Office Monthly Income Scheme (POMIS) — 2026 Complete Guide
The Post Office Monthly Income Scheme (MIS) is one of India's most popular income-generating investment products. You invest a lump sum once, and every month the post office credits interest directly to your savings account. No market risk. No surprises. Just a steady monthly cheque — or rather, a monthly transfer — for 5 years, after which your full principal is returned.
For retirees, homemakers, and anyone building a monthly income stream, POMIS is the go-to product. The current rate for Q1 FY 2026-27 (April–June 2026) is 7.4% per annum, paying ₹5,550 per month on a maximum single-account investment of ₹9 lakh.
POMIS Key Parameters (2026)
| Parameter | Details |
|---|---|
| Interest Rate (Q1 FY 2026-27) | 7.4% p.a., paid monthly; reviewed quarterly |
| Minimum Deposit | ₹1,000 (in multiples of ₹1,000) |
| Maximum — Single Account | ₹9,00,000 (₹9 lakh) |
| Maximum — Joint Account | ₹15,00,000 (₹15 lakh; split 50:50) |
| Tenure | 5 years (fixed, no flexibility) |
| Payout | Monthly, starting 1 month after opening |
| 80C deduction | Not available |
| Tax on interest | Fully taxable at income slab rate |
| NRI eligibility | Not eligible |
| Minors | Above 10 years can open independently; below 10 by guardian |
How Much Will You Earn? (₹9 Lakh Maximum Scenario)
| Investment | Monthly Income | Annual Income | 5-Year Total Interest |
|---|---|---|---|
| ₹1,00,000 | ₹617 | ₹7,400 | ₹37,000 |
| ₹2,00,000 | ₹1,233 | ₹14,800 | ₹74,000 |
| ₹5,00,000 | ₹3,083 | ₹37,000 | ₹1,85,000 |
| ₹9,00,000 (single max) | ₹5,550 | ₹66,600 | ₹3,33,000 |
| ₹15,00,000 (joint max) | ₹9,250 | ₹1,11,000 | ₹5,55,000 |
Joint Account Strategy — Double Your Income
A couple (both resident Indians) can open a joint MIS account with a maximum of ₹15 lakh. Each partner's share is considered 50:50 (₹7.5 lakh each) for individual limit calculation. This means both partners can also each hold their own single account with ₹9 lakh — but their share in the joint account counts towards their individual ₹9 lakh limit. A single person's effective maximum across all accounts (single + share in joint) is ₹9 lakh.
Premature Withdrawal Rules
| Withdrawal Timing | Penalty |
|---|---|
| Before 1 year | Not allowed |
| After 1 year, before 3 years | 2% deducted from principal |
| After 3 years, before 5 years | 1% deducted from principal |
| On maturity (5 years) | Full principal returned, no penalty |
What Happens If You Don't Collect Monthly Interest?
This is a critical rule many investors miss: if you don't withdraw your monthly interest payout, it simply sits in your post office savings account. It does not earn any additional interest — no compounding on unclaimed interest. The interest must be manually reinvested (e.g., into an RD or FD) if you want it to work harder. This is fundamentally different from compound interest products where interest automatically compounds.