Post Office MIS Calculator (POMIS)

Calculate guaranteed monthly income payouts, single (₹9L) vs. joint (₹15L) account limits, and 5-year total returns.

📅 Rate current for: Oct–Dec 2026 quarter • 📐 Standard: Simple Interest, Monthly Payout • 🔍 Verified by: KitnaPaisa

Total Deposit

₹

₹9 Lakh (Max Single Limit)

Government POMIS Rate (p.a)

7.4% is confirmed for Jul–Sep 2026. Reviewed by the Finance Ministry every quarter — your fixed rate stays locked for your full 5-year term once you open the account, even if this rate changes later.

Scheme Lock-in Tenure

100% Principal repaid at the end of 5 years

Model Premature Withdrawal

Withdraw At

No withdrawal is allowed before 1 year. 1–3 years: 2% penalty on principal. 3–5 years: 1% penalty on principal.

🛡️ 100% Sovereign Guarantee by Govt. of India

Zero credit or market risk. Monthly interest is credited directly to your Post Office Savings Account.

Monthly Income Payout
₹0

Total 5-Yr Interest

₹0

Principal Returned (Yr 5)

₹0

Annual Income Stream

₹0

Earned per 12 Months

Total Cash Realized (P + I)

₹0

Over the 5-Year Term

Principal vs Interest Payout

Cumulative Cashflow Timeline

POMIS Rate vs Other Fixed-Income Options

Comparable government-backed and bank fixed-income rates for the same period.

Yearly Cashflow Schedule

Year	Opening Principal	Monthly Income	Annual Interest Paid	Cumulative Payout	Principal Balance

Sensitivity: Monthly Payout Across Deposit & Rate

Deposit \ Rate

Highlighted cell matches your current inputs.

📐 Mathematical Methodology & Verification

Monthly Payout = (Principal × Annual Rate %) ÷ 12
Premature Withdrawal Proceeds = Principal − (Principal × Penalty %), penalty applies only to principal, not accrued interest already paid out

Why no compounding: POMIS pays interest out monthly rather than reinvesting it, so unlike a Fixed Deposit, the principal never grows — this is correct scheme behavior, not a simplification.
Client-Side Execution: All calculations run locally in your browser. No financial data is transmitted.
Rate Lock: once opened, your account keeps its opening rate for the full 5-year term even if the government revises the rate in a later quarter — this calculator assumes a flat rate for the full term, matching that rule.

Researched & Maintained by the KitnaPaisa Financial Team

KitnaPaisa provides free, transparent financial tools for Indian retail investors, adhering to standard compounding formulas and regulatory norms.

How the Post Office Monthly Income Scheme (POMIS) Works

The Post Office Monthly Income Scheme (POMIS) is a government-backed fixed-income savings scheme administered through India Post branches. It provides a predictable, steady stream of guaranteed monthly income while keeping the core principal fully protected.

Statutory Investment Limits

Single Account: Minimum deposit of ₹1,000 up to a maximum of ₹9,00,000 (₹9 Lakh).
Joint Account (Up to 3 Adults): Maximum total investment of ₹15,00,000 (₹15 Lakh), with all holders having an equal share.
Multiple Accounts: An individual can hold multiple POMIS accounts provided their cumulative share across all single and joint accounts does not exceed ₹9 Lakh.

Frequently Asked Questions

What is the current POMIS interest rate? ▼

The POMIS rate is 7.4% per annum for the July-September 2026 quarter, unchanged from the previous quarter. The Finance Ministry reviews all small savings scheme rates every quarter, so check the latest notification for anything beyond the current quarter.

What are the maximum investment limits in a POMIS account? ▼

Under official India Post rules, an individual can invest a maximum of ₹9 lakh in a single account, and up to ₹15 lakh in a joint account (held jointly by up to 3 adults with equal share).

What are the premature closure penalty rules? ▼

No withdrawal is permitted within the first 1 year. If closed between 1 and 3 years, a 2% deduction is levied on the principal deposit. If closed between 3 and 5 years, a 1% deduction is applied.

Is interest earned in POMIS taxable? ▼

Yes, monthly interest payouts from POMIS are treated as taxable income and added to your total income under 'Income from Other Sources'. However, no TDS is deducted at source by the post office.