Calculator
Post office MIS calculator
Park once, get paid every month for five years.
5-year tenure. Max ₹9L single / ₹15L joint account. No tax benefit on deposit.
- Monthly payout₹5,550
- Total interest over 5y₹3.33 L
- Total received (principal back)₹12.33 L
Hover a segment for value + share.
Current rate 7.4% (Q2 FY2026-27), paid monthly — ₹10,000 earns ₹62/month. Interest is fully taxable; premature closure after 1 year carries a 1–2% penalty.
What this calculator answers
₹9,00,000 in a post office MIS at 7.4% pays ₹5,550 a month for five years — ₹3,33,000 of interest in total — and returns the ₹9,00,000 deposit at maturity. Enter the deposit to see the monthly payout.
How it is calculated
Monthly payout = deposit × rate ÷ 12; total interest is that payout × 12 × 5 years, and the deposit itself is returned at maturity.
Rate default 7.4% (Q2 FY2026-27) over the five-year term. MIS interest is taxable at your slab and the deposit does not qualify for 80C.
Common questions
Do I get the deposit back?
Yes. The monthly payout is interest only, and the deposit is returned at the end of the five-year term, which is why both figures are shown.
What is the current post office MIS interest rate?
This calculator defaults to 7.4% per annum (Q2 FY2026-27), paid out monthly. The government notifies small-savings rates every quarter, so confirm the rate in force at the post office — the monthly payout is simply deposit × rate ÷ 12.
Is MIS interest taxed?
Yes, at your slab rate, and TDS can apply once interest crosses the threshold. Section 80TTB allows deposit interest up to ₹50,000 as a deduction for senior citizens in the old regime.
Can I take the money out early?
MIS is a five-year account and closure before the term is restricted by the scheme rules, so this projection assumes you hold it to maturity.
Source & freshness
- Source
- Deterministic formula in lib/calculators.ts
- Timeliness
- Static-verified
- Method
- calculated
- Note
- Illustrative projection from your inputs — not a market quote.