Post Office MIS Calculator — Monthly Income Scheme Returns 2026 | Faydemand

MIS Key Features — Post Office Monthly Income Scheme
Rate        : 7.4% pa (2026) — locked at account opening for full 5-year tenure
Payout      : Monthly — credited directly to linked savings account
Tenure      : 5 years (renewable for another 5-year term)
Min Deposit : ₹1,000
Max Single  : ₹9,00,000 per individual (all single accounts combined)
Max Joint   : ₹15,00,000 per joint account (up to 3 holders)
Principal   : Returned at maturity — no compounding, simple interest only
80C         : NOT eligible (unlike PPF, NSC, SCSS)
TDS         : No TDS at source — declare in ITR as "Other Income"
80TTB       : Senior citizens (60+) can claim ₹50,000 interest deduction

How MIS Calculator Works

1

Enter Your Investment Amount — single account: ₹1,000 to ₹9,00,000. Joint account: ₹1,000 to ₹15,00,000. One person's combined single account holdings cannot exceed ₹9 lakh.

2

Select Account Type — Single or Joint. Joint account allows higher investment (₹15 lakh) and interest is split equally among co-holders for ITR purposes.

3

Enter MIS Interest Rate — current 7.4% pa as of 2026. Government reviews quarterly. Rate locks at account opening for the full 5-year tenure — update before opening if rate has changed.

4

Select Your Tax Slab — MIS interest is fully taxable at your income slab rate. No TDS deducted at source — you must declare it in ITR under "Income from Other Sources."

5

Check Senior Citizen Box (if applicable) — if you are 60 or above, 80TTB allows ₹50,000 deduction from interest income before applying tax. Calculator applies this automatically when checked.

6

Monthly Interest Calculated — MIS uses simple interest paid monthly: Principal × Rate ÷ 12 ÷ 100. This amount is credited to your linked account on the 5th of every month.

7

Tax Impact Applied — calculator computes annual tax (after 80TTB if senior), divides by 12, and subtracts from gross monthly to give accurate net post-tax monthly income.

8

Full Results Displayed — gross monthly income, net post-tax income, annual interest, total 5-year interest, effective post-tax yield, and deposit limit validation shown instantly.

MIS Formula & Calculation

MIS Simple Interest Formula (No Compounding)
Monthly Interest  = P × r ÷ 12 ÷ 100
Annual Interest   = P × r ÷ 100
5-Year Interest   = P × r × 5 ÷ 100
Maturity Amount   = P  (principal returned unchanged)

Variable	Meaning	Example
P	Principal (deposit amount)	₹9,00,000
r	Annual interest rate (%)	7.4%

Complete Calculation — Maximum Single Account ₹9 Lakh at 7.4%
Monthly Interest  = ₹9,00,000 × 7.4 ÷ 12 ÷ 100  = ₹5,550/month
Annual Interest   = ₹9,00,000 × 7.4 ÷ 100       = ₹66,600/year
5-Year Interest   = ₹66,600 × 5                  = ₹3,33,000
Maturity Amount   = ₹9,00,000

Post-Tax (Senior, 20% slab, 80TTB):
Taxable           = ₹66,600 – ₹50,000 (80TTB)    = ₹16,600
Annual Tax        = ₹16,600 × 20.8%               = ₹3,453/year
Monthly Tax       = ₹3,453 ÷ 12                   = ₹288/month
Net Monthly Income= ₹5,550 – ₹288                 = ₹5,262/month

MIS — 3 Real Worked Examples

Example 1 Sunita — Conservative Homemaker — ₹3 Lakh Single MIS (0% Tax)

Inputs: Principal ₹3,00,000 | Rate 7.4% | Tax Slab 0% (below exemption) | Single Account

Metric	Value
Monthly Interest (Gross)	₹1,850/month
Annual Interest	₹22,200
Total 5-Year Interest	₹1,11,000
Tax	₹0 (total income below ₹3L exemption)
Net Monthly Income	₹1,850 — fully tax-free for her
Maturity	₹3,00,000

Vs Bank FD at 7% quarterly payout: quarterly ₹5,250 (≈ ₹1,750/month equivalent) — MIS gives ₹100/month more plus true monthly (not quarterly) payout. Sunita gets financial independence with ₹1,850 every month — matching her monthly personal expense rhythm perfectly.

Example 2 Mr. Mehta — Retired Professional — ₹9 Lakh Maximum MIS (Senior, 80TTB)

Metric	Value
Gross Monthly Income	₹5,550/month
Annual Interest	₹66,600
80TTB Deduction	– ₹50,000
Taxable Interest	₹16,600
Annual Tax (20% + cess)	₹3,453
Net Monthly Income	₹5,262/month
Effective Post-Tax Yield	7.02% pa
Maturity	₹9,00,000

Strategy: SCSS mein ₹9L (8.2%, quarterly) + MIS mein ₹9L (7.4%, monthly) → combined ₹11,012/month average. Government-backed, predictable, minimal tax via 80TTB.

Example 3 Mr. & Mrs. Kapoor — Couple Strategy — Joint MIS ₹15 Lakh (Pre-Senior)

Inputs: Principal ₹15,00,000 | Rate 7.4% | Tax Slab 20% | Both aged 58 (not yet 60) | Joint Account (Maximum)

Metric	Value
Gross Monthly Income	₹9,250/month
Annual Interest	₹1,11,000
Per Person Share	₹55,500 each (for ITR)
Combined Annual Tax (20%)	₹23,088
Net Monthly Income (Now)	₹7,327/month
Maturity	₹15,00,000

Post-60 Scenario (both 60+ with 80TTB): Each claims ₹50,000 80TTB. Per person taxable = ₹55,500 − ₹50,000 = ₹5,500. Combined tax = ₹2,288/year. Net monthly income jumps to ₹9,059/month — near-zero tax on MIS interest.

How to Use MIS Calculator — Step-by-Step

1

Open the MIS Calculator — go to faydemand.in → Calculators → MIS Calculator. No login required. Works on mobile and desktop instantly.

2

Enter Your Investment Amount — single account ₹1,000 to ₹9,00,000, joint account ₹1,000 to ₹15,00,000. If investing more than ₹9 lakh — consider joint account or SCSS combination.

3

Select Account Type — Single or Joint. Joint allows ₹15 lakh maximum and is useful for couples. Interest is split equally between joint holders for tax purposes.

4

Enter MIS Interest Rate — 7.4% as of 2026. Rate locks at account opening — check India Post website for latest quarterly rate before opening.

5

Select Your Tax Slab — MIS interest is taxable. Selecting correct slab shows accurate net monthly income. 0% if your total income is below exemption limit.

6

Check Senior Citizen Box — if you are 60 or above. 80TTB ₹50,000 deduction significantly reduces effective tax — especially when annual MIS interest is close to ₹50,000.

7

Read Your Results — six outputs: gross monthly, net post-tax monthly, annual interest, total 5-year interest, effective post-tax yield, and deposit limit check.

8

Plan Combined Income Strategy — for senior citizens: SCSS (₹9L–₹30L, 8.2%, quarterly) + MIS (₹9L, 7.4%, monthly) gives dual government-backed income streams covering both monthly and quarterly cash needs.

7 Pro Tips for MIS Investors

Monthly Interest Ko RD Mein Reinvest Karo

MIS simple interest pay karta hai — monthly ₹5,550 savings account mein credit hoti hai. Immediately ₹5,550/month RD mein daal do (6.5% rate). 5 saal mein RD corpus ≈ ₹38,000 extra — compounding effect manually create karo.

SCSS + MIS Combination — Maximum Income

Senior citizens ke liye: SCSS mein ₹30L (8.2%, quarterly ₹61,500) + MIS mein ₹9L (7.4%, monthly ₹5,550). Combined annual income: ₹3,12,600 = ₹26,050/month average. Dual government-backed income — best combination possible.

Joint Account Se ₹15L Maximum Use Karo

Spouse ke saath joint account — ₹15L invest karo, ₹9,250/month milega. Tax splitting ka faida: interest dono ke beech divide hoti hai ITR mein. ₹55,500 each — lower individual tax liability. Clearly better than single account for couples.

Maturity Plan 6 Months Pehle Banao

MIS auto-renew nahi hota. 5 saal baad ₹9–15L principal wapas milega. 6 months pehle decide karo: naya MIS, SCSS (agar 60+), FD comparison, ya debt fund SWP. Idle savings account mein rehna sabse bura option hai.

ITR Mein Declare Karna Mandatory Hai

MIS par TDS nahi kataa — par interest taxable hai. ITR mein "Income from Other Sources" mein declare karo. Miss karo toh income tax notice aa sakta hai. Advance tax bhi dena hoga agar annual liability ₹10,000+ hai.

Family Mein Distribute Karo — Limit Multiply Karo

Spouse ke naam alag MIS (₹9L), adult child ke naam alag MIS (₹9L), apne naam alag MIS (₹9L) — family mein total ₹27L+ MIS possible. Har person ki separate ₹9L limit hoti hai. Tax bhi distribute hoti hai — efficient planning.

Premature Closure Se Pehle Penalty Calculate Karo

1 saal pehle: no closure (death only). 1–3 saal: 2% penalty on principal. 3–5 saal: 1% penalty. ₹9L MIS 2 saal mein todne par ₹18,000 penalty. Often better to take other loan than premature MIS closure — calculate before deciding.

5 Key Benefits of Post Office MIS

Monthly Income — Most Regular Cash Flow Available — MIS India mein sabse regular guaranteed income deta hai — monthly. SCSS quarterly, FD quarterly/at maturity — par MIS har mahine. ₹9L par ₹5,550/month — predictable, automatic, bank account mein credit — bilkul salary jaisi guaranteed cash flow.
Government Sovereign Guarantee — Absolute Safety — Post Office MIS Government of India scheme hai — sovereign guarantee ke saath. Bank FD DICGC ₹5L limit ke saath insured hai — MIS par unlimited amount government-backed. ₹9–15L bada corpus hai — government guarantee critical hai for complete capital safety.
No TDS at Source — Cash Flow Undisturbed — Bank FD par TDS katega agar annual interest ₹40,000+ ho (₹50,000 for seniors). MIS par directly Post Office TDS nahi kaatega — full monthly amount credited. Tax self-assessment basis par — monthly cash flow uninterrupted rehti hai for expense planning.
Joint Account — Higher Limit + Tax Splitting — Joint account mein ₹15L tak deposit possible. Interest automatically split equally among holders for ITR — lower individual tax liability. Legal succession bhi simpler hoti hai. Couples ke liye clearly better than two separate single accounts for tax efficiency.
Accessible Across India — 1.5 Lakh+ Post Offices — India mein 1.5 lakh+ Post Offices hain — har gaon mein. Bank branches har jagah nahi hain — par Post Office hoti hai. Rural seniors, small town investors, people without banking relationships — sab MIS access kar sakte hain. India ki sabse accessible government savings scheme.

5 Common MIS Mistakes to Avoid

₹9 Lakh Limit Ko Misunderstand Karna

Common confusion: "₹9L per account hai — multiple accounts mein zyada daal sakta hoon." Wrong. ₹9L per individual combined limit hai — chahe kitne bhi single accounts kholo. ₹5L + ₹6L = ₹11L NOT allowed. Limit violation par excess amount bina interest ke wapas hoti hai. Joint account se ₹15L possible — par woh ek joint account mein, not multiple.
MIS Interest Ko Tax-Free Samajhna

Post Office TDS nahi kaatega MIS par — par yeh income tax-free nahi hai. ITR mein "Income from Other Sources" mein MIS interest declare karna mandatory hai. Kai investors sochte hain "TDS nahi kata toh tax nahi" — wrong aur risky. Income tax notice aa sakta hai. Advance tax bhi dena hoga agar liability ₹10,000+ hai.
Monthly Interest Ko Idle Rehne Dena

MIS monthly interest automatically linked savings account mein credit hoti hai — earning 3.5% savings rate. Yeh opportunity cost hai. Monthly interest received karo — immediately RD, liquid fund, ya short-term FD mein daal do. ₹5,550/month at 6.5% RD for 5 years = ₹38,000+ additional corpus. Small action, meaningful difference.
MIS Ko Long-Term Wealth Building Tool Samajhna

MIS wealth nahi badhata — sirf income deta hai. ₹9L aaj invest karo — 5 saal baad ₹9L wapas milega. Par 5 saal mein inflation ne purchasing power ₹6.7L kar di (6% inflation). Real terms mein poorer. MIS current income need ke liye use karo — growth ke liye equity SIP ya mutual fund alongside maintain karo.
Senior Citizens Ka SCSS Skip Karna

Senior citizens often MIS prefer karte hain monthly income ke liye — par SCSS rate 8.2% vs MIS 7.4% — 0.8% ka fark ₹9L deposit pe ₹3,600/year extra = ₹18,000 over 5 years. Plus SCSS 80C benefit bhi milti hai. Seniors ke liye SCSS primary, MIS monthly income supplement ke roop mein use karo — dono saath ideal.

5 MIS Use Cases — Real Families, Real Planning

Retired Teacher Ki Monthly Income: Mrs. Sharma 61 saal ki retired teacher hain — ₹15,000/month pension. ₹5L savings MIS mein daali. Monthly income: ₹3,083. 80TTB se MIS interest (₹37,000) fully covered under ₹50,000 limit — zero tax. Total income: ₹18,083/month, zero tax on MIS part. Comfortable retirement on predictable government-backed income.
Maximum Joint MIS — Couple Strategy: Mr. aur Mrs. Verma (both 63) ne ₹15L joint MIS account khola — ₹9,250/month. Both ke beech split: ₹55,500 each. Each claims 80TTB: ₹50,000 deduction. Near-zero tax on MIS interest. Plus both have separate SCSS accounts. Combined MIS + SCSS income: ₹4,37,400/year = ₹36,450/month — completely government-backed retirement.
Homemaker Ki Financial Independence: Priya 40 saal ki housewife hai. Husband ne ₹6L uske naam MIS mein invest kiya. Monthly income: ₹3,700. Priya ki total income sirf yeh ₹3,700 — below tax exemption. Zero tax. Priya har mahine shopping, personal kharcha, gifting independently manage karti hai. Financial independence ka first step — guaranteed monthly income.
Rural Senior Citizen Ka MIS: Ramaiah 70 saal ka retired farmer — koi pension nahi. Bete ne ₹2L Post Office MIS mein invest kiya. Monthly: ₹1,233. Ramaiah ke paas ab fixed monthly income hai — doctor visits, medicines, daily kharche. ₹2L ka ₹1,233/month — reliable, Post Office se collect, government guarantee. Rural India mein MIS ka real-world impact — financial security for those with no other safety net.
MIS + RD Combination Strategy: Suresh 55 saal ka hai — ₹9L MIS khola. Monthly income ₹5,550. Instead of spending all — ₹3,000/month personal use, ₹2,550/month RD mein (7% rate, 5 year). 5-year RD maturity ≈ ₹1,79,000. Plus ₹9L principal at MIS maturity. Total effective value from ₹9L: ₹9L principal + ₹1,79,000 RD + ₹1,80,000 spent = ₹12,59,000. Smart combination creates partial compounding from simple interest scheme.

Frequently Asked Questions

Post Office MIS kya hai aur kaun invest kar sakta hai?expand_more

Post Office Monthly Income Scheme (POMIS) ek 5-saal ki government savings scheme hai jo har mahine guaranteed interest deti hai. Current rate 7.4% pa hai. Maximum deposit ₹9 lakh (single) aur ₹15 lakh (joint) hai. Koi bhi Indian resident (adults + minors with guardian) invest kar sakta hai — NRI eligible nahi hain. Principal maturity pe wapas milta hai. Scheme Post Office mein available hai, private banks mein nahi.

MIS aur SCSS mein kya fark hai — senior citizens ke liye kaunsa better hai?expand_more

SCSS rate 8.2% vs MIS rate 7.4% — SCSS clearly higher return deta hai. SCSS sirf 60+ ke liye; MIS sabke liye. SCSS quarterly interest deta hai; MIS monthly. SCSS max ₹30L/person; MIS max ₹9L single/₹15L joint. SCSS 80C deduction eligible hai; MIS nahi. Senior citizens ke liye SCSS clearly better hai — higher rate + 80C benefit. MIS younger investors aur non-senior citizens ke liye better alternative hai.

MIS account kahan khola jaata hai — sirf post office ya banks mein bhi?expand_more

Post Office MIS sirf India Post ke authorized post offices mein khola jaata hai — private banks (HDFC, ICICI etc.) mein available nahi hai. Documents: Aadhaar, PAN, 2 passport photos, address proof. Account minimum ₹1,000 se open hota hai. Online facility limited hai — passbook post office se milti hai. Aap multiple post offices mein alag accounts khol sakte hain — but combined limit ₹9L (single) / ₹15L (joint) per person hai.

MIS interest pe tax kaise lagta hai — TDS kab deduct hoga?expand_more

MIS interest fully taxable hai aapki income slab ke hisaab se. SCSS se fark yeh hai ki MIS pe TDS at source nahi kataa — directly aapke savings account mein credit hota hai. Aapko ITR mein self-declare karna hoga "Income from Other Sources" ke under. Senior citizens Form 15H submit kar sakte hain agar income taxable limit se neeche hai — TDS waise bhi nahi kataa, par declaration ke liye useful hai. 80C benefit MIS pe nahi milti.

MIS se pehle paise nikaale to kya penalty lagti hai?expand_more

1 saal se pehle: premature closure allowed nahi hai (sirf death of holder pe). 1–3 saal ke beech: 2% principal deduction penalty. 3 saal ke baad: 1% principal deduction. Example: ₹5L deposit 2 saal mein todne pe ₹10,000 penalty — net ₹4,90,000 milega. Earned interest wapas nahi hoga agar 1 saal se zyada time ho gaya. Emergency mein loan against MIS bhi liya ja sakta hai kuch post offices mein — premature closure se better option.

Joint MIS account mein kitne log ho sakte hain aur limit kya hai?expand_more

Joint MIS account mein maximum 3 adults ho sakte hain. Joint account ki limit ₹15 lakh hai — jo equal share mein maani jaati hai (3 holders = ₹5L each ka share). Ek person sirf ek joint account mein ho sakta hai ek time par. Agar koi holder ki death ho jaaye, surviving holder(s) account continue kar sakte hain. Monthly interest joint account mein first holder ke linked savings account mein jaata hai unless otherwise specified.

MIS mature hone ke baad kya karein — reinvest ya alternatives?expand_more

MIS maturity ke options: (1) Naya MIS account kholo — current rate pe 5 saal aur. (2) SCSS mein transfer karo agar age 60+ ho gayi — better rate milega. (3) Post Office RD mein invest karo compounding ke liye. (4) Debt mutual fund mein park karo — potentially better post-tax returns. (5) Senior FD compare karo. Note: MIS automatically renew nahi hota — maturity pe paise savings account mein transfer ho jaate hain. Maturity date note karke advance planning karo.

MIS mein 80C benefit milti hai kya — tax saving ke liye koi option hai?expand_more

Nahi. Post Office MIS pe 80C deduction nahi milti. Yeh ek important limitation hai vs SCSS (jise 80C benefit milti hai). Tax saving ke liye alternatives: PPF (80C eligible, 7.1% pa, 15 year tenure), NSC (80C eligible, 7.7% pa, 5 year), ELSS (80C eligible, equity returns). MIS purely regular income generation ke liye hai — tax saving scheme nahi hai. Agar tax saving chahiye, MIS ke saath PPF ya NSC combine karo 80C maximize karne ke liye.

MIS vs Bank FD vs SCSS — teeno mein se kaunsa best hai?expand_more

Comparison: SCSS rate 8.2% (best) > MIS 7.4% > Senior FD ~7.5-8%. Safety: sab government/sovereign backed. Payout: SCSS quarterly, MIS monthly, FD monthly/quarterly/at maturity (choice). Limit: SCSS ₹30L, MIS ₹9L single/₹15L joint, FD unlimited. 80C: SCSS yes, MIS no, Tax-saving FD yes. TDS: SCSS ₹50K threshold, MIS none, FD ₹40K threshold. Senior citizens ke liye: SCSS best. Non-seniors ke liye monthly income: MIS. Flexibility: FD. Ideal strategy: SCSS + MIS combination for diversified income.

Minor child ke naam pe MIS account khol sakte hain kya?expand_more

Haan! Minor children ke naam pe MIS account khola ja sakta hai — 10 saal se zyada umar ke minor apna account khud operate kar sakte hain. 10 saal se kam ke liye parent/guardian operate karta hai. Minor ke naam pe alag ₹9L limit hoti hai — family mein multiple accounts possible. Minor ke 18 saal hone pe account adult account mein convert ho jaata hai. Child ke future expenses (education, marriage) ke liye monthly income accumulate karne ka ek safe tarika hai.

Monthly Income Ka Guaranteed Source — Abhi Calculate Karo

MIS sabse simple aur safe regular income scheme hai — monthly payout, government sovereign guarantee, no TDS, transparent simple interest. Faydemand ka MIS Calculator use karo — investment amount daalo, tax slab select karo, senior citizen benefit check karo, aur instantly dekho net monthly income aur post-tax yield. Free hai, instant hai, zero login.

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MIS Calculator — Post Office Monthly Income Scheme