Post office MIS calculator: monthly income at 7.4%
Enter your deposit. See the interest the Post Office Monthly Income Scheme pays you every month for 5 years.
- Current rate 7.4%
- Single and joint limits
- Free, no sign-up
Steady monthly income, planned
Our experts compare POMIS, SCSS and FDs after tax, so your monthly income goes further.
Questions people often ask
Is POMIS interest taxable?
Yes, and there's no 80C deduction.
Can I close it early?
After 1 year. Between 1 and 3 years, 2% of the deposit is deducted; between 3 and 5 years, 1%.
Post office MIS at a glance
Interest paid every month.
| Interest rate | 7.4% (Oct–Dec 2026) |
| Single account | Up to ₹9 lakh |
| Joint account | Up to ₹15 lakh |
| Term | 5 years |
Last reviewed 8 October 2026. Rates are notified by the Ministry of Finance every quarter; these are for 1 October to 31 December 2026.
- Small savings schemes and interest rates National Savings Institute, Ministry of Finance
- Post office savings schemes India Post
Common questions
What is the POMIS interest rate now?
7.4% a year for October to December 2026, paid every month.
How much can I deposit?
Up to ₹9 lakh in a single account and ₹15 lakh in a joint account.
How much does ₹9 lakh earn every month?
₹5,550 a month at 7.4%.
Is POMIS interest taxable?
Yes. There's no 80C benefit either.
What happens after 5 years?
Your deposit is paid back. You can reinvest it in a new account at the rate then.
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