What is the maximum deposit limit in Post Office MIS?

The maximum deposit limit for a single Post Office MIS account is ₹9 Lakhs, and for a joint account, it is ₹15 Lakhs.

What is the interest rate for POMIS in 2026?

The current Post Office Monthly Income Scheme interest rate is 7.4% per annum, paid out as guaranteed monthly income for 5 years.

What are the deposit limits for POMIS single and joint accounts?

For a Single Account, the maximum deposit limit is ₹9 Lakhs. For a Joint Account (held by up to 3 adults), the maximum combined deposit limit is ₹15 Lakhs.

Is POMIS interest income taxable?

Yes, the monthly interest income earned from POMIS is fully taxable according to your applicable income tax slab rate. TDS is not deducted at source by the post office, but subscribers must report it in their ITR under "Income from Other Sources".

Does POMIS qualify for Section 80C tax deduction?

No, deposits made into Post Office Monthly Income Scheme (POMIS) do not qualify for tax deduction under Section 80C of the Income Tax Act.

What happens if I prematurely withdraw POMIS before 5 years?

Premature withdrawal is allowed after 1 year. If withdrawn between 1 to 3 years, a penalty of 2% is deducted from the principal. If withdrawn between 3 to 5 years, a penalty of 1% is deducted.

Post Office MIS Calculator 2026 (POMIS)

Calculate guaranteed monthly interest income for Post Office Monthly Income Scheme (7.4% annual rate).

POMIS Deposit Inputs

Account Type

Deposit Amount (₹)

Guaranteed Monthly Payout₹5,550 / mo

Annual Payout: ₹66,600 (at 7.4% p.a.)

Total 5-Yr Income₹3.33 L

Principal Returned (Yr 5)₹9.00 L

5-Year Payout Schedule

Year	Monthly Payout	Annual Interest Paid	Cumulative Income	Principal Security
Year 1	₹5,550 / mo	₹66,600	₹66,600	₹9.00 L
Year 2	₹5,550 / mo	₹66,600	₹1.33 L	₹9.00 L
Year 3	₹5,550 / mo	₹66,600	₹2.00 L	₹9.00 L
Year 4	₹5,550 / mo	₹66,600	₹2.66 L	₹9.00 L
Year 5	₹5,550 / mo	₹66,600	₹3.33 L	₹9.00 L

POMIS Monthly Income Formula & Live Calculation

Standard Formula

Monthly Income = (Deposit Amount × Annual Interest Rate) / 12

Live Calculation (Plugging Your Values)

Deposit Amount (P):₹9.00 L

Annual Rate (r):7.4% p.a.

Account Limit Ceiling (L):₹9.00 L

Payout Frequency (f):12 Months

Substituted Equation:

Monthly Income = (₹9.00 L × 7.4%) / 12 = (₹66,600) / 12

Guaranteed Monthly Income:₹5,550 / month

Under India Post rules, POMIS interest is calculated simply on the principal amount at 7.4% p.a. and disbursed directly into your linked savings account on the 1st of every month for 60 months.

Post Office MIS (POMIS) FAQs

POMIS is a low-risk government-backed savings scheme offered by India Post that provides a guaranteed monthly interest payout on a lump-sum deposit over a 5-year tenure at a fixed interest rate (currently 7.4% p.a.).