Post Office MIS Calculator
A Post Office MIS calculator is a free online tool that computes the monthly interest payout, total interest, and maturity value for India Post's Monthly Income Scheme — with editable interest rate as per current rates.
Current rate: 7.4% (Q3 FY 2025-26). Editable as rates revise quarterly.
Post-Tax Income
Note: TDS @ 10% applies if annual interest exceeds ₹50,000 (₹1L for seniors). Submit Form 15G/15H if total income is below taxable limit. Premature closure before 3 years attracts 1-2% penalty.
Default rate: 7.4% p.a. (Q3 FY 2025-26). Rates are revised quarterly by India Post. 5-year tenure fixed.
How to use Post Office MIS Calculator
- Enter deposit amount — Type the amount you want to deposit (max ₹15L single).
- Enter interest rate — Defaults to current 7.4% — editable as rates change.
- Choose tax slab — Select your income tax slab for post-tax view.
- See monthly income — View monthly interest, total interest, and maturity value.
Key features
- Monthly interest payout calculation
- 5-year tenure (fixed by India Post)
- Editable interest rate (defaults 7.4%)
- Single vs Joint account cap check
- Post-tax monthly income by slab
- Total interest & maturity value
- Quick preset amounts (₹1L to ₹15L)
What is the Post Office MIS?
The Post Office Monthly Income Scheme (MIS) is one of India's most trusted fixed-income instruments. You deposit a lump sum (up to ₹15 lakh single / ₹30 lakh joint), and India Post pays you fixed monthly interest for 5 years. Your principal is returned in full at maturity. Because it's backed by the Government of India, MIS is considered as safe as bank FDs — but with the added convenience of monthly payouts instead of quarterly, which makes it ideal for retirees needing regular income.
MIS Interest Rate History
MIS rates are revised quarterly by the Ministry of Finance based on G-Sec yields. Recent rates: Q3 FY 2025-26: 7.4%. Q2 FY 2025-26: 7.4%. Q1 FY 2025-26: 7.4%. FY 2024-25: 7.4%. FY 2023-24: 7.4%. While the rate has been steady, always check the current rate before investing — our calculator has the default set to 7.4% and is fully editable so you can enter any rate you're offered.
MIS vs FD vs SCSS
Post Office MIS: 7.4% monthly payout, 5-year tenure, ₹15L cap. Bank FD: 6.5-7.5% quarterly payout, 1-10 years, no cap but ₹5L insurance only. SCSS (Senior Citizen Savings Scheme): 8.2% quarterly payout, 5 years, ₹30L cap, only for 60+ — this is the best option for seniors. MIS is ideal if you're under 60, want monthly income, and want government-backed safety without a cap headache.
Tax on MIS Interest
Interest from MIS is fully taxable at your income tax slab. If you're in the 30% bracket, a 7.4% MIS effectively gives 5.18% post-tax. TDS at 10% applies if annual interest exceeds ₹50,000 (₹1 lakh for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit. Despite the tax, MIS remains popular due to its safety, guaranteed returns, and monthly payout structure.
Pro tips
- Max out ₹15L single / ₹30L joint for best interest income
- Senior citizens earn more from SCSS (8.2%) than MIS — compare
- Submit Form 15G/15H if your total income is below taxable limit
- Premature closure before 3 years attracts penalty — plan tenure carefully
Common use cases
- Retirement income planning
- Monthly cash flow from lump sum
- Safe fixed-income allocation
- Post-retirement income stability
- Comparing with SCSS and FDs
Frequently asked questions
What is Post Office MIS?+
The Monthly Income Scheme is a government-backed savings scheme that pays fixed monthly interest on your deposit for 5 years. Principal is returned at maturity.
What is the current MIS interest rate?+
As of Q3 FY 2025-26, the rate is 7.4% per annum. Rates are revised quarterly by the government.
What is the maximum deposit in MIS?+
₹15 lakh for single account, ₹30 lakh for joint account. Excess deposits are not allowed.
Is MIS interest taxable?+
Yes. Monthly interest is fully taxable as per your income slab. TDS applies if annual interest exceeds ₹50,000 (₹1 lakh for senior citizens).
Can I withdraw MIS early?+
Yes, but premature closure before 5 years attracts a penalty — 2% if closed within 1 year, 1% between 1-3 years, no penalty after 3 years.
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