POMIS Calculator 2025

What is POMIS?

Post Office Monthly Income Scheme (POMIS) is a popular savings scheme offered by the Indian Postal Service. Designed for individuals who are looking for a stable source of income, this POMIS scheme requires a minimum investment of ₹1,000, with a maximum investment limit of ₹9 lacs for single accounts and ₹15 lacs for joint accounts, making it an attractive option for those seeking a predictable and reliable source of income. The interest rate is fixed at 7.4 % and the mandatory tenure for the savings is Five years

What is a Post Office MIS Calculator?

The Post Office MIS Calculator is a useful online tool that helps you estimate the maturity amount and monthly income you can expect from your MIS investment, considering factors such as the investment amount, term and current interest rates.

How does the Post Office MIS Calculator work?

The calculator works using a simple formula. To calculate the due amount and monthly income based on user entered data:

(POMIS) monthly interest = Amount Invested \* Annual Interest Rate/1200

Let’s say you invest ₹5,00,000 in a Post Office MIS for 5 years (60 months) at an interest rate of 7.4% per annum

Monthly Income = 500000*7.4/1200 = Rs. 3083

How to Use the POMIS Calculator?

The process to use this POMIS calculator is quite simple

• Step 1: Navigate to Fincover’s POMIS calculator.
• Step 2: Enter your investment amount.
• Step 3: Enter the current interest rate.
• Step 4: Provide the tenure for your investment then the interest rate would be automatically calibrated and you will get to know your monthly income in few steps

Advantages of using POMIS Calculator

• Easy to use: The calculator is free and easy to use and requires very little information.
• Provides clear insights: Helps you visualize your potential monthly return easily with few inputs
• Facilitates financial planning: Calculators help you create a proper financial plan
• Time savings: Doing manual calculations for such investments is a tedious task. POMIS calculator simplifies the calculations and yields the result in just few steps

FAQ for POMIS Calculator

1. Is the Post Office MIS interest rate fixed?

Yes, the interest rate is fixed at 7.4% for now but may change as per government notifications.

2. Can I invest more than the limit in Post Office MIS?

No, the maximum investment limit is ₹9 for single accounts and ₹15 lakhs for joint accounts.

3. What happens after the tenure of Post Office MIS?

After the 5-year tenure, you can withdraw the principal or reinvest in a new MIS account.

4. Can I open multiple Post Office MIS accounts?

Yes, but the combined investment should not exceed the allowed limit

5. Does the Post Office MIS offer tax benefits?

No, the interest earned is taxable, but the principal is not subject to any deductions.