Post Office MIS Calculator
Calculate your guaranteed monthly income from the Post Office Monthly Income Scheme.
Investment Details
Max: ₹900,000 (single)
₹
Current rate: 7.4% (Q1 FY25)
%
Fixed 5-year maturity
Years
About POMIS
POMIS pays interest monthly. Principal is returned at maturity. Interest is not compounded.
Your Monthly Income
₹0
Guaranteed monthly income for 5 years on your investment of ₹900,000.
Yearly Income
₹0
Total Interest
₹0
Principal Returned
₹0
Monthly Income (Year 1)
Documentation
How POMIS Works
Eligibility
- Any resident Indian
- Minimum age: 18 years (10 for minor account)
- Single account max: ₹9 Lakhs
- Joint account max: ₹15 Lakhs
Key Features
- 5-year maturity period
- Interest paid monthly (not compounded)
- Principal returned at maturity
- Interest is taxable as income
- Premature withdrawal: 1-3% penalty