Post Office Monthly Income Scheme Calculator

What is a Post Office Monthly Income Scheme Calculator?

A Post Office Monthly Income Scheme (POMIS) calculator estimates the fixed monthly interest you receive on a deposit held for 5 years, after which the deposit is returned.

Post Office Monthly Income Scheme Calculator works out the fixed monthly payout from a POMIS account. The deposit stays intact for 5 years and earns simple interest that is paid every month.

How does the Post Office Monthly Income Scheme Calculator work?

The Post Office Monthly Income Scheme pays simple interest every month for 5 years and returns the deposit at the end.

Monthly income = P × rate ÷ 12
Total interest = Monthly income × 60

How to use the Post Office Monthly Income Scheme Calculator

1. Enter the investment amount (anywhere from ₹1,000 to ₹15,00,000). Type it in the box or drag the slider.
2. Enter the interest rate (p.a.) (anywhere from 1.0% to 12.0%). Type it in the box or drag the slider.
3. Choose account: Single (₹9 lakh max) or Joint (₹15 lakh max).
4. Read the monthly income at the top of the results, then check the breakdown below it.
5. Change one input at a time to compare scenarios, and note how much each change moves the result.

Benefits of using the Post Office Monthly Income Scheme Calculator

• Applies the scheme’s own rules (deposit limits, tenure and how interest is credited) rather than a generic formula.
• Shows the year-by-year picture so you can see how the balance builds over the life of the scheme.
• Lets you check the effect of a rate change, since government scheme rates are revised every quarter.
• Free and instant, with the assumptions listed, so you know what the estimate does and does not include.

Mistakes to avoid with the Post Office Monthly Income Scheme Calculator

The common mistake is going over the deposit limit for the account type.

The monthly income stays fixed for 5 years and the deposit is returned at maturity.

Helpful checks before using the result

These checks make a post office monthly income scheme more useful in practice.

• Start with a realistic base case rather than the first value that fits the range slider.
• Change one major assumption at a time so the effect stays easy to interpret.
• Use the result to compare scenarios, not as a final provider quote or guaranteed outcome.
• Verify rates, rules, and product terms separately before acting on the estimate.

POMIS rules to check

A fixed income product with clear limits.

• Maximum deposit is ₹9 lakh in a single account and ₹15 lakh in a joint account (up to three adults).
• The rate when you open the account applies for the full 5 years.
• Interest is taxable and there is no Section 80C benefit.
• Early closure is allowed after one year with a deduction from the deposit.

Monthly income examples

At 7.4% a year.

Post Office Monthly Income Scheme Calculator FAQs