POMIS Calculator
Turn a lump sum into a monthly salary for 5 years. See your POMIS payout. Free, private, no signup.
Your MIS deposit
₹1,000 minimum; ₹9L single / ₹15L joint maximum.
Current: 7.4% (Oct–Dec 2026 quarter).
Every month, for 5 years
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Total interest over 5 years-
Principal returned at maturity-
How POMIS actually works
The Post Office Monthly Income Scheme turns a lump sum into a monthly salary-like payout: interest = P × rate ÷ 12, credited every month for 5 years, then the principal comes back in full. No compounding — the payout is constant.
- Best for: retirees and anyone who needs steady monthly cash flow without touching the principal. Pair with SCSS (if 60+) for a two-engine income.
- Tax: no 80C on deposit; interest fully taxable. TDS applies above thresholds.
- Premature closure: allowed after 1 year — 2% penalty before 3 years, 1% after. The monthly payout stops, obviously.
FAQs
POMIS vs SCSS?
SCSS pays more (8.2% vs 7.4%) but needs 60+ age and caps at ₹30L per person. POMIS has no age bar. Eligible seniors should max SCSS first.
Can I open multiple MIS accounts?
Yes, but the combined balance across all your MIS accounts can't cross ₹9L single / ₹15L joint.
What happens after 5 years?
The principal is returned and the account closes. You can open a fresh one at the prevailing rate.
Is my data sent anywhere?
No. Everything is computed in your browser; nothing leaves your device.
Disclaimer: Estimates for illustration, computed in your browser — no data leaves your device. POMIS rates are revised quarterly; verify with your post office.