| Month | Monthly Income | Total Received | Status |
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Post Office MIS Calculator – Calculate Monthly Income & Total Returns
The PlanMyReturns Post Office MIS Calculator helps you estimate how much monthly income you will receive from the Post Office Monthly Income Scheme (MIS) and how much total interest you will earn over 5 years.
This tool calculates:
- Guaranteed monthly income
- Total interest earned in 5 years
- Total return including principal
- Month-wise income schedule
- Single vs Joint account limits
It reflects the current MIS structure: 7.4% interest rate for a fixed tenure of 5 years.
What Is Post Office MIS?
The Post Office Monthly Income Scheme (MIS) is a government-backed savings scheme designed to provide fixed monthly income to investors.
It is suitable for:
- Retirees
- Conservative investors
- Individuals looking for predictable monthly cash flow
- Those who prefer low risk over market-linked returns
When Was MIS Introduced?
The Post Office MIS has been available for decades as part of India Post small savings schemes and continues to operate under rules notified by the Government of India.
The scheme currently offers:
- 7.4% annual interest (subject to revision by the government)
- Fixed tenure of 5 years
- Monthly interest payout
- Principal returned at maturity
How Post Office MIS Works
You deposit a lump sum amount.
The Post Office pays you:
- Fixed monthly interest
- For 60 months (5 years)
- Principal is returned at the end of 5 years
Interest is calculated annually but paid monthly.
Account Types in MIS
This calculator supports both account types:
Single Account
- Maximum investment limit: ₹9 lakh
Joint Account
- Maximum investment limit: ₹15 lakh
The calculator automatically adjusts the limit message when you switch between Single and Joint.
What This MIS Calculator Shows
Monthly Income
Guaranteed monthly payout based on 7.4% interest.
Total Interest Earned
Total income received over 60 months.
Total Return
Principal + Total Interest.
Maturity Amount
In MIS, the maturity amount equals your original principal.
Interest is already paid monthly.
Complete Monthly Schedule
Month-wise breakdown showing:
- Month number
- Monthly income
- Total income received so far
- Payment status
MIS Interest Calculation Formula
The calculator uses this formula:
Monthly Interest = (Investment × Interest Rate) ÷ 12
Since the current MIS interest rate is 7.4%:
Monthly Income = (Investment × 7.4%) ÷ 12
Total Interest (5 years) = Monthly Income × 60
Total Return = Principal + Total Interest
Principal is returned at maturity.
Example
Suppose you invest ₹5,00,000 in a Single MIS account.
Interest rate: 7.4%
Tenure: 5 years
Monthly Income = ₹3,083
Total Interest in 5 years = ₹1,84,980
Principal returned at maturity = ₹5,00,000
Total amount received over 5 years = ₹6,84,980
This calculator shows exact values and complete monthly payout schedule.
Who Should Use This MIS Calculator
- Retirees planning fixed monthly income
- Individuals comparing MIS vs FD
- Investors checking maximum limit benefits
- Conservative savers avoiding market risk
- Users planning 5-year guaranteed income
Post Office MIS vs Other Investment Options
MIS vs Fixed Deposit (FD)
| Feature | MIS | Bank FD |
|---|---|---|
| Income Frequency | Monthly | Monthly/Quarterly |
| Risk | Government-backed | Bank-backed |
| Tenure | Fixed 5 years | Flexible |
| Liquidity | Limited | Depends on bank |
MIS vs Senior Citizen Savings Scheme (SCSS)
| Feature | MIS | SCSS |
|---|---|---|
| Target Audience | All investors | Senior citizens |
| Tenure | 5 years | 5 years (extendable) |
| Interest Payout | Monthly | Quarterly |
MIS vs Recurring Deposit (RD)
| Feature | MIS | RD |
|---|---|---|
| Investment Type | Lump sum | Monthly deposit |
| Income | Monthly payout | Lump sum at maturity |
| Goal | Regular income | Future savings |
How to Use the PlanMyReturns MIS Calculator
- Select account type (Single or Joint)
- Enter investment amount
- Click Calculate
- View monthly income, total interest and schedule
- Download CSV or share plan link
The calculator automatically applies:
- 7.4% interest rate
- 5-year tenure
- Monthly payout logic
Key Benefits of Using This Calculator
- Instantly calculates guaranteed monthly income
- Displays 60-month payout schedule
- Shows total return and maturity clarity
- Supports shareable plan link
- Downloadable CSV report
- Mobile-friendly schedule view
Frequently Asked Questions
The current interest rate is 7.4% per annum, subject to government revision.
At 7.4%, ₹1 lakh generates approximately ₹617 per month.
₹9 lakh for Single account and ₹15 lakh for Joint account.
Yes. Interest earned under MIS is taxable as per your income slab.
Premature withdrawal is allowed with penalty conditions as per Post Office rules.
Yes. Full principal is returned at the end of 5 years.
MIS is a government-backed savings scheme, considered low risk.