Post Office MIS Calculator — Quick Reference
The Post Office MIS Calculator is an online tool that calculate monthly income from Post Office Monthly Income Scheme on a lump-sum deposit. Everything for the Post Office MIS Calculator is on this page: the interactive calculator, the formula, a worked example, step-by-step guidance, and frequently asked questions — no other pages required.
At a glance
- Main inputs
- Deposit amount
- Interest rate
- Tenure
- Main outputs
- Maturity value
- Interest earned
Direct answers
What is the Post Office MIS Calculator?
The Post Office MIS Calculator is an online tool that calculate monthly income from Post Office Monthly Income Scheme on a lump-sum deposit.
What formula does the Post Office MIS Calculator use?
Monthly income = deposit × annual rate / 12
How does the Post Office MIS Calculator work?
Enter deposit amount and MIS interest rate. Monthly income = deposit × annual rate / 12; principal is returned at maturity after 5 years.
Formula Used
The equation below is what this calculator applies. Variable definitions follow when symbols are used.
Equation
Monthly income = deposit × annual rate / 12
Additional rules
- principal returned at maturity after 5 years
Worked Example: $500,000 MIS deposit at 7.4%
Sample inputs and the results this calculator produces for the scenario below.
Inputs
- Deposit
- $500,000
- Annual Rate
- 7.4%
- Tenure
- 5 years
Results
- Monthly Income
- ~$3,083
- Principal at Maturity
- $500,000
Post Office MIS pays monthly interest while principal is returned at maturity — interest is taxable as income.
How Post Office MIS Calculator Works
Enter deposit amount and MIS interest rate. Monthly income = deposit × annual rate / 12; principal is returned at maturity after 5 years.
What to enter
Use the calculator above to set your amounts, rates, and tenure. Results update as you move sliders or type values — switch currency if you are planning in USD, INR, or another supported unit.
Step-by-step
- Open the Post Office MIS Calculator and enter your amounts, rates, and time period in the input fields.
- Review the results panel — totals update instantly when you change any value.
- Compare the worked example and formula below to verify the math matches your scenario.
- Read the FAQs for common edge cases, tax notes, and planning tips specific to this calculator.
PO MIS — Frequently Asked Questions
Each question is answered directly below. Expand any item for the full response.
How does Post Office MIS work?
The Monthly Income Scheme is designed to pay interest every month on a one-time deposit for the scheme tenure, which is commonly 5 years. The principal is generally returned at maturity rather than amortized through monthly payouts.
Is Post Office MIS interest taxable?
Yes, the monthly interest is generally taxable according to your slab. That means the post-tax income can be lower than it first appears, especially for senior savers in higher tax brackets.
What deposit limits matter in MIS?
The scheme has notified investment caps for single and joint accounts, and those limits should be checked against the latest rules before investing. Large deposits beyond the cap require splitting across other products.
Who is MIS best suited for?
MIS is useful for people who want predictable monthly cash flow from a conservative product, such as retirees or households funding routine expenses. It is less suitable for inflation-beating long-term growth.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Banks set their own deposit rates and terms. Check with your provider.
- Indian tax and government scheme rules can change each financial year. Please confirm with official sources or a chartered accountant (CA).