What is the monthly payout on a ₹5 lakh Monthly Income Scheme deposit?
Based on these numbers, your ₹5,00,000 deposit pays out about ₹3,083 every month — ₹1,85,000 in total interest over the 5-year term, with your ₹5,00,000 returned in full at maturity.
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.