5-year POMIS: a fixed monthly income payout on your deposit.
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The Post Office Monthly Income Scheme (MIS) pays you interest every month for five years and returns your deposit at the end. It is popular with retirees and anyone who wants steady, low-risk income.
Enter your deposit and the current interest rate to see the monthly income, the total income over five years and the amount returned at maturity.
| Deposit Amount | ₹900,000 |
| Annual Interest Rate | 7.4% |
| Monthly income | ₹5,550 |
| Total income over 5 years | ₹3,33,000 |
| Deposit returned at maturity | ₹9,00,000 |
| Yearly income | ₹66,600 |
Monthly income ₹5,550.
| Deposit Amount | ₹1,500,000 |
| Annual Interest Rate | 7.4% |
| Monthly income | ₹9,250 |
| Total income over 5 years | ₹5,55,000 |
| Deposit returned at maturity | ₹15,00,000 |
| Yearly income | ₹1,11,000 |
| Note | Above ₹9 lakh you need a joint account (limit ₹15 lakh) |
Monthly income ₹9,250.
Yes. The monthly interest is taxable as income, and there is no TDS on Post Office MIS interest.
It does not earn extra interest in the account, so collect or transfer it each month.
Five years. The principal is returned on maturity.
₹5,550 a month at 7.4%.
₹9 lakh in a single account and ₹15 lakh in a joint account.