How the payout is worked out
Monthly income = deposit × 7.4% ÷ 12
The scheme runs for 5 years. Interest is paid every month into your post office savings account (and from there by standing instruction to your RD if you like). At the end you get the deposit back.
| Deposit | Every month | Over 5 years |
|---|---|---|
| ₹1,00,000 | ₹617 | ₹37,000 |
| ₹2,00,000 | ₹1,233 | ₹74,000 |
| ₹5,00,000 | ₹3,083 | ₹1,85,000 |
| ₹9,00,000 | ₹5,550 | ₹3,33,000 |
| ₹15,00,000 | ₹9,250 | ₹5,55,000 |
Limits
- Minimum ₹1,000, in multiples of ₹1,000.
- Maximum ₹9 lakh in a single account and ₹15 lakh in a joint account (up to three adults; each holder’s share counts toward their own ₹9 lakh limit).
Closing early
No withdrawal in the first year. Between 1 and 3 years, 2% of the deposit is deducted; between 3 and 5 years, 1%.
Tax
No 80C benefit, and the interest is taxed at your slab rate. The post office doesn’t deduct TDS on MIS, so include the interest in your return.
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Questions people ask
How much monthly income from ₹9 lakh in Post Office MIS?
₹5,550 a month at 7.4%, or ₹3,33,000 over 5 years.
What is the POMIS interest rate now?
7.4% a year, paid monthly, for Oct–Dec 2026.
Is Post Office MIS interest taxable?
Yes, at your slab rate. There is no 80C deduction and no TDS, so declare it yourself.