All calculators / Post Office MIS Calculator
Post Office MIS Calculator
Estimate the regular monthly income from a Post Office MIS deposit. Interest is paid out each month and is not compounded.
Calculate monthly income from post office MIS deposits.
Free to run · to save projections to your live dashboard
Enter values and click Calculate to see results
Worked example
Calculated by the same engine as the calculator above.
- Inputs
- Deposit Amount
- ₹5,00,000
- Interest Rate (% p.a.)
- 7.4
- Result
- Monthly Income
- ₹3,083
- Annual Income
- ₹37,000
Formula
Monthly income = D × (r / 100) / 12
- D = deposit amount
- r = annual interest rate (%)
- Annual income = monthly income × 12
Assumptions
- Interest is simple interest paid monthly; it is not reinvested or compounded.
- The rate stays fixed. The rate field is pre-filled at 7.4% p.a. as a starting value, not a quoted rate.
- Deposit limits, tenure and return of principal at maturity are not modelled; the output is income only.
- Tax on interest is not deducted.
- Educational estimate only, not financial advice. Capitallytics does not execute transactions.
Post Office MIS Calculator FAQ
Answers about how this calculator works.
How is Post Office MIS income calculated?
The annual rate is applied to the deposit and divided by 12 to give a fixed monthly payout. There is no compounding because interest is paid out.
Does the calculator check the MIS deposit limit?
No. It accepts any deposit amount. Check the current scheme limits for single and joint accounts before investing.
Is MIS income taxable?
Yes, MIS interest is taxed at your slab rate. The amounts shown are before tax.
Can I reinvest MIS income to grow it?
This calculator does not model reinvestment. If you plan to put the monthly income into an RD or SIP, estimate that separately with those calculators.