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.
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.