Banking
Post Office MIS Calculator
Computes the fixed monthly payout from a Post Office Monthly Income Scheme deposit over its 5-year term.
Your details
₹
%
Monthly payout
₹3,083
Total interest over 5 years
₹1,85,000
A ₹5,00,000 deposit pays a fixed ₹3,083/month, totaling around ₹1,85,000 in interest over 5 years (principal returned at maturity).
How this is calculated
Monthly payout = deposit × rate ÷ 100 ÷ 12 (simple interest, paid monthly rather than compounded). Total over 5 years = monthly payout × 60 months.
Source: POMIS rate is revised quarterly by the Ministry of Finance; default shown is illustrative — verify the current rate and deposit cap.
Frequently asked questions
Who is POMIS suited for?
Anyone wanting a predictable, guaranteed monthly income stream from a lump sum — commonly used by retirees, alongside SCSS, for regular cash flow.
Is POMIS interest taxable?
Yes — fully taxable as per your income tax slab; there's no TDS deducted at source, so you need to declare and pay tax on it yourself.