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Post Office MIS Calculator

Post Office MIS Calculator is part of Toolspire and is ready as soon as this page loads. ₹1,00,000 at 7.4% a year pays ₹616.67 a month. The principal comes back at the end of the term. This page does not pick the term or the notified rate.

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What you can do here

Interest only

The headline is the monthly cheque. You do not get principal dribbled out each month.

Simple, not compound

Dividing the annual rate by 12 is the scheme’s shape. A monthly compound SIP would pay a different number.

No tenure box

The monthly cheque does not depend on whether the lock-in is five years, once the rate is fixed.

The sequence

How to use the Post Office MIS Calculator

  1. 1

    Type the deposit, not the monthly income you want

    The page solves for the cheque. To hit a cheque, scale the principal.

  2. 2

    Use the annual percent

    7.4 means 7.4% a year. Do not type 0.74 unless you mean under one percent.

  3. 3

    Check ₹616.67

    One lakh at 7.4% is ₹7,400 a year, and ₹7,400 ÷ 12 is ₹616.67.

Worth knowing

  • Post Office MIS Calculator on Toolspire: monthly interest = principal × annual rate ÷ 100 ÷ 12.
  • ₹1,00,000 × 7.4% ÷ 12 = ₹616.67 a month.
  • The principal is not reduced and not compounded. The detail says it is returned at maturity.
  • A 7.4% example is not a promise of the current notified MIS rate.

A cheque, not a compound balance

Monthly income scheme interest, in this sketch, is the annual rate sliced into twelve equal cheques. The deposit stands still and comes back at the end. ₹1,00,000 at 7.4% is ₹7,400 a year and ₹616.67 a month. Compounding would raise a maturity value instead of paying you along the way. Caps on how much one person may deposit are not enforced here.

FAQ

Questions about Post Office MIS Calculator

Where does Post Office MIS Calculator run?

Post Office MIS Calculator runs in this tab on Toolspire. What you type or drop in is not sent to us and is not stored on a server.

What is the monthly interest on ₹1,00,000 at 7.4%?

₹616.67. The year pays ₹7,400.

Is the principal compounded?

No. It is paid back at the end. Each month is interest only.

Is 7.4% current?

It is an example. Type the rate from the notification.

Does the page cap the deposit?

No. Scheme limits exist and change. The multiplication still runs above them.

Keep going

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