Post Office Monthly Income Scheme (POMIS) Calculator 2026: Monthly Pension (7.4%) & Limit Guide

For individuals, homemakers, and retirees seeking a dependable monthly cash inflow to cover recurring household expenses, medical bills, or children’s tuition, the Post Office Monthly Income Scheme (POMIS) is one of the most reliable fixed-income options in India. Offering an assured 7.4% annual interest paid out on a monthly schedule, your invested capital remains 100% safe with sovereign government backing.

Using a detailed post office mis calculator monthly interest reference table helps investors optimize capital allocations between single and joint holdings.

Monthly Income Payout Matrix (at 7.4% Interest Rate)

Here is the exact monthly interest you receive deposited into your bank account based on your investment amount:

Essential Rules for Account Opening and Early Withdrawal

• Joint Account Rules: Up to three adults can hold a joint account with equal shares. A joint account can hold up to ₹15,00,000.
• Premature Withdrawal Window:
  • No withdrawal allowed during the first 1 year.
  • If closed between 1 year and 3 years: 2% deduction from principal.
  • If closed between 3 years and 5 years: 1% deduction from principal.
• Full Principal Refund: Upon completion of 5 years, the entire principal investment is refunded in full without any deductions.

Frequently Asked Questions (FAQs)

1. What happens if I don’t withdraw the monthly interest from my account?

If monthly interest is not withdrawn, it sits idle in your post office savings account without earning extra interest. You can set up an automatic reinvestment into a 5-Year Recurring Deposit (RD) to compound your earnings.

2. Is there any TDS deducted on Post Office MIS interest?

No TDS is deducted at source by India Post. However, the interest earned is treated as taxable income and must be reported under “Income from Other Sources” in your annual income tax return.

3. Can a minor open a POMIS account?

A guardian can open an account on behalf of a minor, or a minor aged 10 years or above can operate the account in their own name with an individual deposit limit of ₹9,00,000.

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