Investment Details
Expected Returns
A Post Office Monthly Income Scheme (MIS) Calculator is an essential financial tool for investors in India. It helps you quickly determine exactly how much fixed monthly income you will generate from your lump sum investment. By entering your principal amount, you can plan your monthly household budget with accuracy.
How to Use the MIS Calculator
Using this tool is fast and straightforward. Ensure you have your planned investment amount ready before you begin typing.
- Account Type: Select whether you are opening a single account or a joint account. The government sets different maximum deposit limits for each type.
- Total Investment: Enter your lump sum deposit amount. The minimum required deposit is typically one thousand rupees.
- Interest Rate: The current prevailing interest rate is pre-filled, but you can adjust it if official rates change.
Understanding the MIS Rules
The Post Office MIS is a low-risk savings scheme backed by the government. Understanding its core rules will help you maximize your benefits.
Investment Limits: Currently, a single adult can invest up to nine lakh rupees, while a joint account can hold up to fifteen lakh rupees. If you type a number higher than the allowed limit, the calculator will warn you.
Maturity and Returns: The lock-in period for this scheme is exactly five years. Throughout these five years, you receive a steady monthly interest payout. At the end of the maturity period, your entire initial principal amount is returned to you safely.