Skip to main content
Desi Calculator Logo Desi Calculator
Skip to main content
Smart Finance 🇮🇳

POMIS Calculator — Calculations & Slabs for FY 2026-27

Enter your Post Office MIS deposit to compute your guaranteed monthly interest payout at the current 7.4% p.a. rate for a 5-year tenure.

1. Investment Specifications

Frequently Asked Questions (FAQ)

What is the Post Office Monthly Income Scheme (POMIS)?

POMIS is a popular, low-risk savings scheme offered by the Indian Post Office. It allows you to deposit a lump sum and receive a guaranteed fixed monthly interest payment for a tenure of 5 years. The capital remains secure and is returned on maturity.

What are the investment limits for single and joint accounts?

For a Single Account, the maximum deposit limit is ₹9,00,000. For a Joint Account (held by up to 3 adults together), the maximum combined deposit limit is ₹15,00,000. The minimum deposit amount is ₹1,000.

Is the interest earned from POMIS tax-deductible?

No, the interest earned from the Post Office MIS is fully taxable according to your income tax slab. There is no tax deduction available under Section 80C for the investment amount, and no tax rebate on the interest payouts. However, TDS is not deducted on POMIS interest payments.

Can I withdraw my deposit before the 5-year tenure ends?

Yes, premature closure is allowed after 1 year. However, a penalty applies: if closed between 1 and 3 years, a deduction of 2% of the principal deposit is levied. If closed between 3 and 5 years, a 1% deduction is applied.

Where can I verify the source data for this calculator?

You can verify the values against the official notifications listed in our data sources section at the bottom of the page.

Saved to Browser History!

Your calculation is securely saved to this device. No account required!

About This Calculator

Target Audience: Salaried taxpayers, investors & retirees planning Indian tax & wealth growth

💡 What Does This Calculator Do?

This calculator computes the monthly payout, annual earnings, and total interest earned on the Post Office Monthly Income Scheme (POMIS). It enforces the statutory individual and joint account investment caps.

engine_type: compiled | format: inr

📋 How to Use It

  1. 1
    Investment Amount (₹): Enter the principal you wish to deposit in POMIS.
  2. 2
    Account Type: Select "Single" (max deposit ₹9 Lakh) or "Joint" (max deposit ₹15 Lakh).
  3. 3
    Interest Rate (%): Displays the fixed government rate (defaults to 7.4%).

🧬 The Logic Explained Simply

  • The Concept: POMIS is a low-risk government savings plan that pays a fixed interest monthly for a 5-year lock-in period. You deposit a lump sum, get regular monthly income, and retrieve the full principal at the end of 5 years.
  • The Formula:
  • Monthly Income = Deposit × (Annual Interest Rate / 100) / 12
  • Annual Income = Monthly Income × 12
  • Total Interest (5 Years) = Monthly Income × 60

💡 Real-World Calculation Breakdown

For example, you open a Joint Account and deposit ₹10,00,000 in POMIS at a 7.4% interest rate.

  • Monthly Income = ₹10,00,000 × 7.4% / 12 = ₹6,167 per month
  • Annual Income = ₹6,167 × 12 = ₹74,000
  • Total Interest over 5 years = ₹6,167 × 60 = ₹3,70,000
  • Maturity Amount = ₹10,00,000 (your full principal is returned)

You Might Also Like

Airtel Payment Bank IFSC Code Finder & Transfer Helper

This tool provides the official nationwide IFSC code for Airtel Payments Bank (AIRP0000001) and generates verified be...

Payment Banks IFSC Code Directory & Account Formats

This directory indexes the centralized IFSC codes, account numbering patterns, and RBI balance limits for all Reserve...

Indian Tax Regime Calculator

This tool compares how much tax you owe under the two options provided by the government. It calculates your tax usin...

Step-Up SIP Calculator

This tool shows how your money grows when you invest a fixed amount every month and increase that amount once every y...