POMIS Calculator Post Office 2026 — Monthly Income Scheme Interest Rate

Calculate monthly income from Post Office MIS at 7.4% interest rate. Get exact monthly payout, total interest over 5 years, post-tax income, and compare with SCSS, FD, and NSC. Free POMIS calculator for senior citizens and all investors.

🏭 POMIS Calculator Post Office 📈 Interest Rate 2026: 7.4% p.a. ⏳ Monthly Income Scheme 🏘 Senior Citizen POMIS ✅ Single & Joint Account 🔰 Compare SCSS vs POMIS
POMIS Calculator Post Office 2026 — 7.4% p.a.

Calculate Monthly Income

Enter deposit amount to get exact monthly interest payout from Post Office Monthly Income Scheme at 7.4% p.a.

🏭 POMIS Deposit Details
₹5.00 L
₹1,000₹15 Lakh (Joint max)
7.4%
5%Current: 7.4% (Q1 FY26-27)10%
5 years
1 yr5 yrs (maturity)
📈 Reinvestment Option
0%
0% (Spend it)12% (Equity MF SIP)
📈 Monthly Income = Deposit × Rate / 12. Interest paid on last working day of each month. No compounding — simple interest only. Principal returned on maturity.
🔰 Post-Tax POMIS Income
₹9.00 L
₹1,000₹15 Lakh
7.4%
5%10%
🔰 Tax on POMIS Interest
30%
0%30%
No
No (General investor)Yes (60+ years)
🔰 No TDS on POMIS interest. But must self-declare in ITR. Senior citizens get Rs 50,000 deduction under Section 80TTB on interest from post office/bank schemes.
🏭 Compare POMIS vs Other Schemes
₹9.00 L
₹1 L₹30 L
30%
0%30%
Below 60 (General)
Below 6060+ (Senior Citizen)
🏭 Compares POMIS (7.4%) vs SCSS (8.2%, senior only), FD (6.8%), NSC (7.7%), and PPF (7.1%) on both gross and post-tax monthly income.
🏭 Monthly Income (POMIS)
₹0
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Annual Income: ₹0  |  5-Yr Total: ₹0  |  Effective Rate: 7.4%
Monthly Income
₹0
gross
5-Yr Interest
₹0
total earnings
At Maturity
₹0
principal back
0% return
Principal Interest (5 yrs)
MONTHLY PAYOUT BREAKDOWN
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Vikash Royal ARN-356458
B.E. | MBA Finance | NISM Certified | 7+ Years in Finance

🏭 POMIS Calculator Post Office — Monthly Income at 7.4% Interest Rate 2026

Monthly interest payout, annual income, and total 5-year interest for different deposit amounts in Post Office Monthly Income Scheme at 7.4% p.a.

Deposit Amount Monthly Income
@7.4% p.a.		 Annual Income 5-Year Total Interest Post-Tax/Month
@30% slab		 Post-Tax/Month
@0% / Senior		 Account Type
₹100,000 ₹617/mo ₹7,400 ₹37,000 ₹432/mo ₹617/mo Single
₹200,000 ₹1,233/mo ₹14,800 ₹74,000 ₹863/mo ₹1,233/mo Single
₹300,000 ₹1,850/mo ₹22,200 ₹111,000 ₹1,295/mo ₹1,850/mo Single
₹500,000 ₹3,083/mo ₹37,000 ₹185,000 ₹2,158/mo ₹3,083/mo Single
₹700,000 ₹4,317/mo ₹51,800 ₹259,000 ₹3,022/mo ₹4,317/mo Single
₹900,000 ₹5,550/mo ₹66,600 ₹333,000 ₹3,885/mo ₹5,550/mo Single
₹1,000,000 ₹6,167/mo ₹74,000 ₹370,000 ₹4,317/mo ₹6,167/mo Joint Only
₹1,500,000 ₹9,250/mo ₹111,000 ₹555,000 ₹6,475/mo ₹9,250/mo Joint Only

Monthly Income = Deposit × 7.4% / 12. Interest paid on last working day of each month. Post-tax at 30% slab = Gross × 70%. Post-tax at 0% (senior with 80TTB deduction or income below taxable limit) = Full gross income. Maximum single account: Rs 9 lakh. Joint account (with adult family member): Rs 15 lakh. Note: Same person cannot have Rs 9L in single + Rs 15L in joint = Rs 24L total. Total exposure per individual (single + share in joint) cannot exceed Rs 9L. So if joint account has Rs 15L, each individual's share = Rs 7.5L + their single account must be ≤ Rs 1.5L.

⏳ POMIS Premature Withdrawal Rules & Penalty 2026

Post Office Monthly Income Scheme premature closure rules. Penalty deducted from principal at time of closure.

Before 1 year
No withdrawal allowed
Cannot withdraw in first 12 months.
1 to 3 years
2% deducted from principal
Premature closure penalty 2% of deposit.
3 to 5 years
1% deducted from principal
Premature closure penalty 1% of deposit.
On maturity
Full principal + no penalty
Get 100% back. Can reinvest for another 5 years.

Penalty is deducted from the principal amount at time of premature closure, not from interest. Example: Rs 5 lakh deposit, closed after 2 years. Penalty: 2% of Rs 5L = Rs 10,000. You receive: Rs 5L - Rs 10,000 = Rs 4,90,000 + all monthly interest received till date. On maturity (after 5 years): No penalty. Full Rs 5 lakh returned. Option to reinvest for another 5 years with current rate. No automatic renewal — must visit post office and fill new form.

🏭 Post Office Monthly Income Scheme vs Other Safe Instruments India 2026

POMIS vs SCSS, NSC, FD, PPF, and other safe investment options. All rates as of 2026.

POMIS (Post Office MIS)
7.4% p.a.
Payout: Monthly | Taxable: No
Govt-backed. Monthly income. Rs 9L max single.
Bank FD (SBI, 5-yr)
6.8% p.a.
Payout: Quarterly | Taxable: Yes
Interest taxable at slab. No premature penalty after 1yr.
★ BEST RATE for Senior Citizens
Senior Citizen Savings Scheme
8.2% p.a.
Payout: Quarterly | Taxable: Yes
SCSS: 8.2%. Only 60+ years. Max Rs 30L.
NSC (5-yr)
7.7% p.a.
Payout: Cumulative | Taxable: Yes
No monthly income. Cumulative. 80C benefit.
PPF
7.1% p.a.
Payout: Annual | Taxable: No
EEE. 15-yr tenure. Rs 1.5L/yr max. No monthly income.
Bank RD
6.5% p.a.
Payout: Monthly | Taxable: Yes
Monthly deposit (not withdrawal). Accumulates.
RBI Floating Rate Bond
8.05% p.a.
Payout: Semi-Annual | Taxable: Yes
Resets every 6 months vs NSC. Min Rs 1,000.
Pradhan Mantri Vaya Vandana
7.4% p.a.
Payout: Monthly | Taxable: Yes
PMVVY: Only 60+. Pension product. Rs 15L max.

All rates as of Q1 FY 2026-27. Rates for small savings schemes revised quarterly by Ministry of Finance. SCSS offers higher rate (8.2%) but only for 60+ investors and payout is quarterly (not monthly). For monthly income needs: POMIS is the only post office option. For maximum safe yield: SCSS + PMVVY combination for seniors. For tax-free accumulation: PPF (but no monthly income). RBI Floating Rate Bond (8.05%) pays semi-annually and rate resets every 6 months vs NSC rate. The combination of POMIS (for monthly cash) + SCSS (for higher rate) is the most popular post-retirement income strategy for Indian seniors.

💡 4 Smart POMIS Strategies for Indian Investors

Most investors use POMIS as a simple FD alternative. These four strategies maximise income, minimise tax, and protect capital.

🏭
POMIS Post Office — The Monthly Income Formula and What to Watch
Monthly Income = Deposit Amount × Annual Rate / 12. At 7.4%: Rs 1 lakh generates Rs 617/month. Rs 9 lakh generates Rs 5,550/month. Important features most investors don't know: Simple interest only — interest not reinvested in POMIS. This means the effective annual yield is exactly the stated rate, unlike FD where compounding slightly increases effective yield. No TDS deduction on POMIS interest — unlike bank FD (TDS above Rs 40,000/year for non-seniors, Rs 50,000 for seniors). But you MUST declare POMIS interest in ITR under "Income from Other Sources." Failure to declare = tax notice. Rate revision: POMIS rate is revised quarterly (April, July, October, January) by the Ministry of Finance. Your existing POMIS earns the rate at which you invested — rate changes only affect new deposits. So if you invested when rate was 7.4% and rate falls to 7.0% next quarter, your existing POMIS still earns 7.4% for its full 5-year tenure. Maturity: No auto-renewal. Must visit post office and either withdraw or reinvest. Plan ahead — block the maturity date in your calendar.
🏘
POMIS for Senior Citizens — The POMIS + SCSS Combination Strategy
For senior citizens (60+), the most powerful post-retirement income strategy combines POMIS and SCSS: Step 1 — SCSS (Senior Citizen Savings Scheme): Invest Rs 30 lakh (maximum). Rate: 8.2% p.a. Payout: Quarterly (April, July, October, January). Quarterly income: Rs 30L × 8.2% / 4 = Rs 61,500/quarter. Step 2 — POMIS (Post Office Monthly Income Scheme): Invest Rs 9 lakh (single) or Rs 15 lakh (joint). Rate: 7.4% p.a. Payout: Monthly. Monthly income: Rs 9L = Rs 5,550/month OR Rs 15L = Rs 9,250/month. Combined monthly equivalent: SCSS Rs 30L: Rs 20,500/month equivalent. POMIS Rs 9L: Rs 5,550/month. Total: Rs 26,050/month from Rs 39L investment. Tax savings for senior citizens: Section 80TTB: Rs 50,000 deduction on interest income from post office and bank deposits. If annual interest income = Rs 3,12,600 (from above combination). After 80TTB deduction: Rs 3,12,600 - Rs 50,000 = Rs 2,62,600 taxable. At 5% slab: Rs 13,130 tax. Net effective rate: Excellent. For very high income seniors at 30% slab: Consider split between parents if both are senior citizens to utilise both 80TTB deductions.
🔰
Reinvesting POMIS Monthly Interest — How to Build Wealth From Income
POMIS gives monthly cash — but what you do with that cash determines your long-term wealth. Common mistake: Spend all Rs 5,550/month from Rs 9L POMIS deposit. Better approach: Reinvest monthly interest via SIP in a low-risk instrument. Example: Rs 9L POMIS at 7.4%: Monthly interest = Rs 5,550. Reinvest Rs 5,550 as monthly SIP in a liquid fund (returns ~7%) or balanced advantage fund (returns ~10-11%). After 5 years: POMIS principal returned: Rs 9,00,000. POMIS interest received over 5 years: Rs 3,33,000 (already reinvested). FV of Rs 5,550 SIP for 60 months at 7% (liquid fund): Rs 5,550 × [(1.00583)^60 - 1] / 0.00583 = Rs 3,94,000. Total wealth at end of 5 years: Rs 9,00,000 + Rs 3,94,000 = Rs 12,94,000 vs Rs 12,33,000 (just collecting interest). The reinvestment adds Rs 61,000 extra. At 10% SIP return: Rs 4,29,000 reinvested corpus. Total Rs 13,29,000. Extra Rs 96,000 over just collecting and spending. This strategy is especially powerful for investors who don't need the monthly income now but will need it after 5 years — the POMIS principal + reinvested interest SIP corpus provides a much larger pool at the end of the tenure.
📈
Tax on POMIS — How to Reduce Your POMIS Tax Burden Legally
POMIS interest is fully taxable at your income tax slab. At 30% slab: Rs 5,550/month POMIS income → post-tax Rs 3,885/month. That's effective yield of 5.18% post-tax — lower than EPF (8.25%, tax-free). Four legal strategies to reduce POMIS tax: 1. Invest in senior parent's name: If parent is 60+, they get Section 80TTB deduction of Rs 50,000 on interest income. At 0% slab (after 80TTB + basic exemption Rs 3L): Zero tax on up to Rs 3.5L interest (basic Rs 3L + 80TTB Rs 50K). This allows effectively tax-free POMIS income if parent's total income (including POMIS interest) stays below Rs 3.5L. Your Rs 9L POMIS at 7.4% generates Rs 66,600 annual interest — fits within the limit. 2. Split across family members in lower slab: Both you and your parent open separate POMIS accounts. Each at lower combined income, each under different tax slabs. 3. Time POMIS maturity with low-income year: If you plan early retirement or career break, let POMIS mature in a year when your income and tax slab is lower. 4. Offset with deductions: Use 80C investments (PPF, ELSS) in the same year to reduce net taxable income and slab, thus reducing POMIS tax burden. Note: You cannot claim 80TTB unless you are 60+. Do not confuse with 80TTA (Rs 10,000 for non-seniors on savings interest only — not applicable to POMIS).

❓ POMIS Calculator — Frequently Asked Questions India 2026

Most searched Post Office Monthly Income Scheme questions India 2026.

POMIS Interest Rate 2026:

Current rate: 7.4% per annum (Q1 FY 2026-27)
Rate revised quarterly by Ministry of Finance.

Monthly Income Formula:
Monthly Income = Deposit × 7.4% / 12

Examples:
Rs 1 lakh: 1,00,000 × 7.4% / 12 = Rs 617/month
Rs 5 lakh: Rs 3,083/month
Rs 9 lakh (max single): Rs 5,550/month
Rs 15 lakh (max joint): Rs 9,250/month

5-Year Totals:
Rs 9L deposit: Rs 5,550 × 60 months = Rs 3,33,000 total interest
Principal returned on maturity: Rs 9,00,000
Total received over 5 years: Rs 12,33,000

Key points:
Simple interest only (no compounding in POMIS itself)
Interest paid on last working day of each month
No TDS — but must declare in ITR
Rate locked in for 5 years from investment date
POMIS for Senior Citizens India 2026:

POMIS is available to ALL ages — no minimum age for POMIS (unlike SCSS which requires 60+).

POMIS vs SCSS for Senior Citizens:

POMIS: 7.4% p.a. | Monthly payout | Max Rs 9L single
SCSS: 8.2% p.a. | Quarterly payout | Max Rs 30L

SCSS gives more income (higher rate, higher limit).
POMIS gives monthly (not quarterly) income.

Optimal Senior Citizen Strategy:
Rs 30L in SCSS: Rs 20,500/month equivalent (Rs 61,500/quarter)
Rs 9L in POMIS: Rs 5,550/month
Total: Rs 26,050/month equivalent from Rs 39L investment

Tax benefit for 60+:
Section 80TTB: Rs 50,000 deduction on interest from
post office + bank deposits. Significantly reduces tax
on POMIS interest for senior citizens.

POMIS is ideal for seniors who need monthly cash:
Fixed monthly income for utility bills, groceries, medicine.
Government-backed — zero credit risk.
Can open at nearest post office — familiar, accessible.
POMIS Account Limits 2026:

Single Account: Maximum Rs 9,00,000
Joint Account: Maximum Rs 15,00,000

Important rule:
An individual's total share across all POMIS accounts
(single + share in joint) cannot exceed Rs 9 lakh.

Example:
You have single account with Rs 9L: Can have joint account?
Yes, but your SHARE in joint ≤ Rs 0. So practically cannot.

You have single account with Rs 5L:
Joint account can have up to Rs 8L (your 50% share = Rs 4L,
plus your Rs 5L single = Rs 9L total).

Joint account rules:
Up to 3 adults can be joint holders.
All joint holders must be adults.
Interest credited to first account holder's post office savings account.
Any joint holder can operate the account.
On death of one holder: surviving holder continues.

Minimum deposit: Rs 1,000 (multiples of Rs 1,000)
POMIS Interest Payment Process:

Interest credited on last working day of each calendar month.
Credited directly to your Post Office Savings Account (POSA).
You can withdraw from POSA anytime or auto-credit to bank via ECS.

TDS on POMIS:
No TDS deducted on POMIS interest — unlike bank FD.
Bank FD: TDS above Rs 40,000/yr (non-senior), Rs 50,000 (senior).
POMIS: Zero TDS regardless of interest amount.

But tax liability exists:
POMIS interest is taxable as 'Income from Other Sources.'
Must be declared in ITR every year.
Advance tax: If total tax liability > Rs 10,000/year, pay advance tax
by June 15, September 15, December 15, March 15.

If you don't declare POMIS interest:
Dept has data from Form 26AS / Annual Information Statement (AIS).
POMIS transactions may appear in AIS through banking linkage.
Non-disclosure can result in scrutiny notice and penalties.
Always declare POMIS interest in ITR.
POMIS Account Opening Process 2026:

Online option:
POMIS can be opened via India Post Payments Bank (IPPB) app or
DoP (Department of Posts) savings portal for existing customers.
New accounts may still require physical visit to post office.
Check indiapost.gov.in for current digital options.

Physical account opening (most common):
Visit nearest post office with Account I form (MIS-1).

Documents required:
✅ KYC: Aadhaar card (mandatory) + PAN card
✅ Passport size photographs (2)
✅ Post Office Savings Account (POSA) required for interest credit
✅ Nomination form (highly recommended)
✅ Cheque / DD / cash for initial deposit (in multiples of Rs 1,000)

Process:
Fill Form MIS-1 at counter.
Submit KYC + deposit amount.
Account opened on same day in most post offices.
POSA linked automatically for interest credit.

NRIs: Cannot open fresh POMIS accounts.
Existing NRIs who later became NRI: Continue till maturity, then close.

🏭 Build a Complete Safe Income Portfolio — POMIS, SCSS, NSC & More

POMIS is a great starting point for safe monthly income. But a well-designed retirement income portfolio combines POMIS (monthly cash), SCSS (maximum rate for seniors), RBI Floating Rate Bonds (inflation-linked), NSC (cumulative growth), and strategic equity allocation for inflation protection. Vikash Royal will design your personalised safe income portfolio — optimised for your tax slab, income needs, and risk comfort. SEBI-Registered. ARN: ARN-356458

💬 Get My Safe Income Portfolio Plan on WhatsApp