Post Office MIS
Calculate the monthly interest income from Post Office MIS schemes.
The Post Office Monthly Income Scheme (POMIS) is a low-risk saving scheme backed by the Government of India. It allows you to deposit a lump sum and earn a fixed interest payout every month for 5 years.
Investment Limits (2025)
- Single Account: ₹9 Lakhs
- Joint Account: ₹15 Lakhs
- Current Interest: 7.4% p.a. (Paid Monthly)
Frequently Asked Questions
Is POMIS interest taxable?
Yes, the monthly interest is added to your income and taxed as per your slab. No TDS is deducted.
Can I withdraw early?
Yes, after 1 year. Penalty: 2% deduction if withdrawn between 1-3 years, 1% if between 3-5 years.
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Recurring Deposit (RD)
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