Post Office MIS Calculator
Calculate guaranteed monthly income from Post Office Monthly Income Scheme.
Max. ₹9 Lakhs for Individual Accounts
Annual Interest Rate
7.4% (Fixed)
Investment Tenure
5 Years (Fixed)
Monthly Income Formula
MI = (P × R × T) / 60 months
MI = Monthly Income
P = Amount Invested = ₹ 9,00,000
R = Annual Rate of Interest = 7.4%
T = Tenure (Fixed to 5 years or 60 Months)
Your Calculation
MI = P × R × T / 60
MI = [₹ 9,00,000 × 7.4 × 5] / (100 × 60)
MI = 3,33,00,000 / 6000
MI = ₹ 5,550/month
You will receive ₹ 5,550 every month for 5 years. Your principal of ₹ 9,00,000 will be returned at maturity.
Key Features
• Guaranteed monthly income from Government of India
• Interest paid monthly, principal returned at maturity
• Premature withdrawal after 1 year (with penalty)
• Can be extended for 5 more years after maturity
• Interest is taxable as per income tax slab
Guaranteed Monthly Income
₹5,550
Get Cready App
