Post Office MIS Calculator (Monthly Income Scheme - POMIS)
Calculate guaranteed monthly pension interest payouts and 5-year returns under India Post's 7.4% Monthly Income Scheme.
Credited every month for 5 years into your Post Office savings account
*POMIS interest is credited monthly on the date of account opening. Principal is returned after 5 years.
Important Educational Disclaimer for Calculator Results:
Calculations are estimates based on your entered inputs and selected return or inflation assumptions. Results are illustrative, hypothetical, and not guaranteed. Actual market returns, interest rates, tax liabilities, and inflation rates will vary and may materially alter your final outcome. This calculator does not constitute financial, investment, or tax advice.
What monthly cash flow will you receive from POMIS?
Depositing ₹9,00,000 in POMIS at the current sovereign rate of 7.4% p.a. provides a guaranteed monthly interest payout of ₹5,550 directly credited to your savings account on the same date every month. Over 5 years, you earn ₹3,33,000 in total interest, while your ₹9,00,000 principal is returned intact.
- Monthly Guaranteed Income: ₹5,550 per month for 5 years.
- Annual Income: ₹66,600 per year.
- Deposit Limits (Budget Revised): Up to ₹9 Lakhs for single account, and up to ₹15 Lakhs for joint accounts (with equal share).
- Safe Capital: 100% principal safety backed by the Ministry of Communications, Government of India.
How This Calculator Works
Simple annual interest is divided equally across 12 calendar months and credited automatically into your linked Post Office Savings Account (POSA).
Monthly Payout = [Deposit Amount × (Annual Interest Rate / 100)] / 12Variables in Formula:
Worked Step-by-Step Example
A retired couple opens a Joint POMIS account with the maximum limit of ₹15,00,000 at 7.4% p.a. for 5 years.
Key takeaway: The couple receives ₹9,250 every month for 60 months, earning ₹5.55 Lakhs in income, with the full ₹15 Lakhs capital refunded at year 5.
Common Mistakes to Avoid
⚠ Leaving monthly interest sitting idle in savings account
Set up an automatic standing instruction (Auto-Debit) from your Post Office Savings Account into an RD or Mutual Fund SIP to compound your monthly interest.
Frequently Asked Questions
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