The 2026 Post Office Monthly Income Scheme is a premier five-year savings plan, offering a maximum investment limit of Rs. 9 lakh for individual accounts and Rs. 15 lakh for joint accounts. The Central government currently sets the interest rate at 7.4% per annum, distributed on a monthly basis. Participants can utilize the MIS calculator to estimate their monthly earnings and track potential bonuses. Anyone seeking a steady, reliable monthly income stream is eligible to invest.
Investments in the PO-MIS do not qualify for Section 80C tax deductions, and all interest earned is subject to income tax. Accounts reach maturity after 5 years from the opening date, at which point the holder may close the account by submitting the required form and passbook at their local Post Office. Should an account holder pass away before maturity, the account can be closed and the balance disbursed to the designated nominee or legal heirs, with interest calculated up to the month preceding the refund.
This investment vehicle ensures your capital remains safe while providing consistent, guaranteed monthly returns. Interested individuals can download the monthly income scheme Application Form to initiate their savings account. You may also Compare All Post Office Schemes to ensure this plan aligns with your financial goals.
Monthly Income Scheme Interest Calculator
The Monthly Income Scheme provides an annual interest rate of 7.4%. For example, an investment of Rs. 1,00,000 generates a monthly payout of approximately Rs. 616.667. Use the PO Monthly Income Scheme Calculator to determine your projected monthly earnings based on your investment amount.
- Interest is disbursed one month following the account opening date and continues monthly until maturity.
- If the account holder fails to claim the monthly interest, the unclaimed amount will not accrue additional interest.
- Any deposits exceeding the prescribed limits will be returned, and interest on such excess funds will be paid only at the standard PO Savings Account rate from the date of deposit until the date of refund.
- Interest can be automatically credited to a savings account at the same post office or via ECS. For CBS-enabled post offices, interest can be credited to any linked CBS savings account.
- Interest income is fully taxable for the depositor.
Simply follow the link and input your figures into the unshaded cells of the POMIS Calculator. This will provide you with a breakdown of your expected monthly income, potential premature withdrawal penalties, and the final maturity value.