Calculate your monthly income and returns from Post Office Monthly Income Scheme (MIS)
Post Office Monthly Income Scheme (MIS) is a savings scheme that provides regular monthly income to investors. It's a government-backed investment option offering guaranteed returns.
- 5-year investment term
- Monthly interest payout
- Current interest rate: 6.7% p.a.
- Minimum investment: ₹1,000
- Maximum investment: ₹9,00,000
The interest earned from Post Office MIS is fully taxable. It should be included in your income and taxed according to your income tax slab.
- Premature withdrawal allowed after 1 year
- Joint account option available
- TDS applicable as per rules
- KYC documents required
- Age: 18-60 years
- Bank account holder
- KYC compliant
- Not income tax payer
- Minimum age for contribution: 18 years
- Maximum age for contribution: 60 years
- Minimum monthly contribution: ₹1,000
- Maximum monthly contribution: ₹9,00,000
- Contribution frequency: Monthly
Use our Post Office MIS Calculator to calculate your monthly income and returns. Plan your investments effectively with accurate results.
Post Office MIS is a savings scheme that provides regular monthly income to investors. It's a government-backed investment option offering guaranteed returns.
Follow these steps to use the Post Office MIS Calculator:
No, the calculator assumes that all interest rates are positive.
No, the calculator assumes that all interest rates are positive.