📮 Post Office MIS Calculator
Calculate your guaranteed monthly income from the Post Office Monthly Income Scheme (POMIS) backed by the Government of India.
Investment Details
Account Type
Maximum deposit limits: ₹9 Lakhs for Single, ₹15 Lakhs for Joint.
Total Investment Amount
₹9,00,000
₹1,000₹9 L
Amount exceeds the allowed Post Office limit.
Annual Interest Rate
7.4%
6.0%9.0%
Lock-in Period / Tenure
Guaranteed Monthly Payout
₹5,550 /mo
Total Principal Deposited
₹9,00,000
Total Interest Earned (5 Yrs)
₹3,33,000
₹12,33,000
Total Value Received
Deposit
Total Interest
POMIS Scheme Rules (FY 2024-25)
What is POMIS?
The Post Office Monthly Income Scheme (POMIS) is a government-backed savings scheme that allows investors to save a specific amount every month. It is one of the safest investments in India as it is free from market risks.
Investment Limits
- Minimum Deposit: ₹1,000. Subsequent deposits must be in multiples of ₹1,000.
- Maximum Limit (Single): ₹9 Lakhs per individual.
- Maximum Limit (Joint): ₹15 Lakhs for up to 3 adults.
Interest Payouts & Taxation
The interest is calculated annually but paid out monthly. It is fully taxable under your respective income tax slab rate. There is no TDS deducted by the Post Office on this payout. Also, there are no Section 80C tax benefits available for the principal amount invested.
Maturity
At the end of exactly 5 years, your monthly payouts stop, and your original Principal Amount is returned to you securely.