Unveiling the Hidden Gem: Post Office MIS Calculator

Posted by  Fintra , updated 2024-04-19

Unveiling the Hidden Gem: Post Office MIS Calculator

The Post Office Monthly Scheme, also known as Post Office MIS or POMIS, is a deposit scheme supported by the government that provides monthly interest payouts. It is a fixed-income investment option that is backed by the government. The interest rate of the scheme is reviewed and set by the government every quarter. Joint and individual investors as well as minors aged 10 years and above are eligible to participate in the scheme.  

Picture this: You're on the brink of retirement, peering into the abyss of uncertainty. Questions swirl in your mind like leaves caught in a gust of wind – "Will I have enough savings to live comfortably? How do I ensure a steady income post-retirement?" It's a scenario many of us can relate to, but fear not, for Fintra brings you the beacon of hope in the form of the online Post Office Monthly Income Scheme (MIS) Calculator. 

In a world where financial planning can seem as complex as unravelling a Gordian knot, the Post Office MIS Calculator emerges as a guiding light, illuminating the path to financial security with its simplicity and reliability.

Features of Post Office Monthly Income Scheme 

  1. Regular payments: Investors receive regular monthly interest payments.
  2. Low risk: Investing in Post Office Monthly Income Scheme (MIS) is a safe option as it guarantees fixed monthly returns with zero risks.
  3. Lock-in: The scheme has a lock-in period of 5 years, but investors can reinvest.
  4. Single account and joint account: The account can be held by up to three adults, individually or jointly, by residents of India aged above ten years. Each holder will have an equal share.
  5. Number of accounts: There are no restrictions on the number of accounts an individual can hold. However, there is a limit imposed on the total investment balance. The maximum cumulative balance allowed across all individual accounts is Rs. 9 lakhs. For joint accounts, the maximum cumulative balance allowed is Rs 15 lakhs.
  6. Minimum and maximum investment: The minimum investment amount required to open a POMIS account is Rs. 1,500, with the option to invest in multiples of Rs. 1,500. Individuals can invest a maximum of Rs, 9 lakhs.
  7. Minor: A POMIS account can be opened by a minor above the age of 10, with a maximum limit of Rs. 3 lakh. The account can be converted to an adult account when the minor turns 18.
  8. Premature withdrawal: Withdrawal from the account is allowed after one year of opening it, but it comes with a penalty. The amount of the penalty depends on when you make the withdrawal. If you withdraw after three years but before five years, a penalty of 1% will be charged. If you withdraw before three years but after one year, a penalty of 2% will be charged.
  9. Maturity: Once the investment reaches maturity, the investor has the option to either withdraw the amount or reinvest it in the scheme. In case the amount is neither withdrawn nor reinvested, the account can earn interest for up to 2 years from the date of maturity at the Post Office Savings Account rate.
  10. Transferable: It is possible to transfer a POMIS account from one post office to another without any hassle.
  11. Auto withdrawal of interest: The investor can choose to receive interest through automatic transfer to their savings account via Post Dated Cheque (PDC) or Electronic Clearing System (ECS).
  12. Tax: No Tax Deducted at Source (TDS) on interest. However, the interest earned on the Post Office Monthly Income Scheme (MIS) is taxable, and the investment is not eligible for tax savings under Section 80C

Unlocking the Potential of Post Office MIS Calculator 

The Post Office MIS Calculator is akin to a trusted ally in your journey towards financial stability. But what exactly does it entail? At its core, the MIS Calculator is a tool designed to help you calculate the returns on your investment in the Monthly Income Scheme. It takes into account factors such as your investment amount, tenure, and prevailing interest rates to provide you with a clear estimate of your monthly income.

But what sets it apart from other financial calculators? The answer lies in its accessibility and user-friendliness. Unlike some of its more complex counterparts, the MIS Calculator is designed with the average investor in mind, making it easy for anyone to use, regardless of financial acumen.

Exploring the Untold Benefits

While many blogs touch upon the basics of the Post Office MIS Calculator, few delve into its lesser-known benefits. Here's a glimpse into what sets this tool apart:

  1. Reliability: Backed by the Indian Government, the Post Office MIS offers a sense of security that's hard to find elsewhere. With the calculator, you can rest assured knowing that your investments are in safe hands.
  2. Stability: In today's volatile market, stability is key. The MIS Calculator provides a steady income stream month after month, helping you weather the ups and downs of economic uncertainty with ease.
  3. Flexibility: With the MIS Calculator, you have the flexibility to choose your investment tenure, ranging from 1 to 5 years. This allows you to tailor your investment strategy to your needs and goals.
  4. Compound Interest: The magic of compound interest is at play here. By reinvesting your monthly income, you can watch your wealth grow exponentially over time.

Introducing Fintra's Post Office MIS Calculator

While the Post Office MIS Calculator is undoubtedly a powerful tool, Fintra takes it a step further with its version of the calculator. By simply inserting the required details, you can calculate your potential returns with ease. Fintra's MIS Calculator is designed to streamline the calculation process, providing you with accurate estimates in a matter of seconds. Whether you're planning for retirement or looking to supplement your income, Fintra's calculator puts the power of financial planning right at your fingertips. 


In a world where financial uncertainty looms large, Fintra's Post Office MIS Calculator stands as a beacon of hope, guiding you towards a brighter, more secure future. With its simplicity, reliability, and untold benefits, it's no wonder that more and more investors are turning to this trusted tool for their financial planning needs.

So, are you ready to take control of your financial future? With Fintra's Post Office MIS Calculator and its innovative tools by your side, the possibilities are endless. Start planning today and pave the way for a tomorrow filled with financial freedom and peace of mind.

Isn't it time you took the first step towards a brighter financial future?