Post Office Monthly Income Scheme Calculator

See the monthly payout and total interest from a Post Office Monthly Income Account deposit.

Official rate effective 01.07.2026 to 30.09.2026 — rates are set by India Post and revised quarterly. Figures are estimates for general planning only — see the explanation below for this scheme's specific assumptions.

Deposit: ₹5,00,000 (73%)Interest received: ₹1,85,000 (27%)

if you deposit ₹5,00,000 in a Monthly Income Scheme at the current 7.4% rate, you will receive about ₹3,083 every month — ₹1,85,000 in total interest over 5 years, with your ₹5,00,000 returned in full at the end. Compare this against the Senior Citizen Savings Scheme instead

What is the Monthly Income Scheme?

A 5-year Post Office deposit designed to generate a fixed monthly income — the interest is paid out to you every month rather than compounding into your deposit. Your original deposit amount stays unchanged throughout the term and is returned in full at maturity.

What this simplifies

The real scheme has separate maximum deposit limits for single (₹9 lakh) and joint accounts (₹15 lakh), and premature withdrawal before one year isn’t allowed at all, with a penalty between years 1–3. This calculator shows the standard full-term outcome only.

Frequently asked questions

What’s the difference between MIS and SCSS?

Both pay interest out periodically rather than compounding it, but MIS pays monthly and has no age restriction, while SCSS pays quarterly and is specifically for senior citizens, usually at a higher rate.

Common questions answered

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