What is the Post Office MIS interest rate?

The Post Office Monthly Income Scheme rate is 7.4% per annum for the April-June 2026 quarter. Interest is paid out every month, giving a steady, predictable income.

How much can I invest in Post Office MIS?

The maximum is Rs 9 lakh for a single account and Rs 15 lakh for a joint account. The minimum deposit is Rs 1,000. The scheme has a 5-year term.

How is the monthly income calculated?

Monthly income = deposit amount x annual rate / 12. For example, Rs 9 lakh at 7.4% gives a monthly income of Rs 5,550. The full principal is returned at the end of 5 years.

Is Post Office MIS interest taxable?

Yes, the interest is taxable at your income slab rate and must be declared. However, there is no TDS deducted on Post Office MIS interest.

Post Office MIS Calculator

Calculate the guaranteed monthly income from the Post Office Monthly Income Scheme. Enter your deposit to see your monthly payout and total interest.

Deposit Amount

₹

₹1,000₹15,00,000

Nine Lakh Rupees

The maximum is Rs 9 lakh for a single account and Rs 15 lakh for a joint account.

Interest Rate

6%9%

The current Post Office MIS rate is 7.4% per annum, paid monthly.

Monthly Income

₹5,550

Total Interest (5 yrs)

₹3.33 L

Maturity Value

₹12.33 L

Interest received + principal

Yearly Income

₹66,600

Principal Returned

₹9.00 L

At end of 5 years

Post Office MIS pays a fixed monthly income for a 5-year term, after which the principal is returned. The interest is taxable, but there is no TDS. There is no Section 80C benefit on MIS deposits.

Post Office MIS Calculator

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