Post Office MIS calculator
The Post Office Monthly Income Scheme pays you interest every month on a lump sum. Enter the amount to see your monthly and yearly income.
How it's calculated
- Monthly income = deposit × 7.4% ÷ 12.
- The interest is paid out each month, so it does not compound inside the account.
An example
A deposit of ₹9 lakh at 7.4% pays ₹5,550 a month, or ₹66,600 a year.
Frequently asked questions
Who sets the MIS rate?
The Ministry of Finance, every quarter, for all small savings schemes. For October to December 2026 the rate is 7.4%.
Is the monthly income taxable?
Yes. It is added to your income and taxed at your slab rate in the regime you choose.
Can I reinvest the monthly interest?
Not inside the account, since it is paid out. You can put it into a post office recurring deposit yourself; the RD calculator shows what that adds up to.
Key terms
- MIS
- Monthly Income Scheme, a post office deposit that pays interest every month.
- Lump sum
- A single amount deposited at the start.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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