Post Office MIS Calculator — 7.4% Monthly Income (2026)
The Post Office Monthly Income Scheme pays 7.4% p.a. — unchanged for Q2 FY 2026-27 (July 2026) — as a fixed monthly payout for 5 years, with your principal returned at maturity.
How MIS monthly income is calculated
MIS pays simple interest every month for 60 months. The principal does not grow — it is returned in full when the account matures.
₹9,00,000 × 0.074 ÷ 12 = ₹5,550 per month
Post Office MIS income at 7.4%
| Deposit | Monthly income | Total interest (60 months) |
|---|---|---|
| ₹5,00,000 | ₹3,083 | ₹1,85,000 |
| ₹9,00,000 (single max) | ₹5,550 | ₹3,33,000 |
| ₹15,00,000 (joint max) | ₹9,250 | ₹5,55,000 |
MIS rules at a glance (July 2026, Q2 FY 2026-27)
| Feature | Detail |
|---|---|
| Interest rate | 7.4% p.a., paid monthly (unchanged 9 quarters) |
| Deposit limit | ₹9 lakh single account · ₹15 lakh joint account |
| Tenure | 5 years |
| Premature closure | After 1 year with a small deduction (2% before 3 yrs, 1% after) |
| Tax | Interest taxable; no 80C benefit |
| Guarantee | Sovereign — Government of India small-savings scheme |
Frequently asked questions
What is the Post Office MIS interest rate in 2026?
The Post Office Monthly Income Scheme earns 7.4% per annum for Q2 FY 2026-27 (July–September 2026), paid as monthly interest. The rate is unchanged for the 9th consecutive quarter.
How much monthly income does ₹9 lakh in MIS give?
Monthly income = deposit × 7.4% ÷ 12. On the ₹9 lakh single-account maximum, that is ₹5,550 every month — ₹3,33,000 of interest over the 5-year term, after which the principal is returned.
What is the maximum I can invest in Post Office MIS?
₹9 lakh in a single account and ₹15 lakh in a joint account. A ₹15 lakh joint deposit pays ₹9,250 per month at 7.4%.
Is Post Office MIS interest taxable?
Yes, MIS interest is taxable at your slab rate and there is no 80C benefit on the deposit. The scheme's appeal is the sovereign guarantee and a fixed monthly payout for 5 years.
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