About the Post Office MIS Calculator
Calculate your guaranteed monthly income and total interest from the Post Office Monthly Income Scheme (POMIS). Understanding how this works can significantly improve your financial planning. This tool is designed to provide you with the most accurate and up-to-date calculations required for your specific needs.
The Mathematical Formula
How to use this calculator?
Select Account Type
Choose whether you are opening a single or joint account to determine your maximum deposit limit.
Enter Deposit
Input the lump sum amount you wish to invest.
View Monthly Income
The calculator instantly shows the fixed amount that will be credited to your savings account every month.
Frequently Asked Questions (FAQs)
Q. What is the maximum limit for Post Office MIS?
As per recent updates, the maximum deposit limit is รขโยน9 Lakhs for a single account and รขโยน15 Lakhs for a joint account.
Q. Is POMIS interest taxable?
Yes, the interest earned from the Post Office Monthly Income Scheme is fully taxable as per your income tax slab, though there is no TDS deducted at the source.
Disclaimer: This tool is provided for general utility and informational purposes only. While we strive for accuracy, we make no guarantees regarding the results. Please verify the outputs before using them for any critical applications.