Post Office Monthly Income Scheme (MIS)
Calculate monthly guaranteed income from Post Office MIS. Get steady returns on your lump sum investment with zero market risk.
Calculate Monthly Income
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Max Limit: ₹9,00,000
About Post Office Monthly Income Scheme (MIS)
Post Office MIS is a safe, government-backed scheme that provides a guaranteed fixed monthly income for 5 years. It is ideal for retirees or anyone seeking regular passive income without market risk. Your principal is fully returned at maturity.
Eligibility & Investment Limits
| Who Can Open? | Any Indian resident individual |
| Single Account Limit | ₹9,00,000 |
| Joint Account Limit | ₹15,00,000 (up to 3 adults) |
| Minimum Deposit | ₹1,000 |
| Interest Rate | 7.4% p.a. (Subject to quarterly revision) |
| Tenure | 5 Years |
| Payout Frequency | Monthly (credited to savings/PO account) |
Interest Calculation
MIS uses Simple Interest paid out monthly:
Monthly Income = (Principal × Rate%) / (12 × 100)
Total Interest = Monthly Income × 60 months
Principal is returned in full at maturity.
Monthly Income = (Principal × Rate%) / (12 × 100)
Total Interest = Monthly Income × 60 months
Principal is returned in full at maturity.
Key Features
- Premature Closure: Allowed after 1 year. 2% deduction if closed in 1–3 yrs; 1% if closed in 3–5 yrs.
- Auto-Credit: Monthly interest is automatically credited to your linked savings account.
- Nomination: Nomination facility available at opening or anytime during the tenure.
- Account Transfer: Can be transferred to any Post Office across India.
- TDS: TDS applicable if total interest exceeds ₹40,000/year (₹50,000 for senior citizens).
Example Calculation (₹5,00,000 — Single Account)
| Principal | ₹5,00,000 |
| Annual Interest (7.4%) | ₹37,000 |
| Monthly Income | ₹3,083 |
| Total Interest (5 yrs) | ₹1,85,000 |
| Total Returns | ₹6,85,000 |
* Monthly Income = ₹5,00,000 × 7.4% ÷ 12 = ₹3,083/month. Interest rates are subject to quarterly revision by the Government of India.