Post Office Monthly Income Scheme (POMIS) Calculator

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What is the Post Office Monthly Scheme?

A post office monthly income scheme calculator is a simple online tool that helps investors estimate the monthly income they can earn by investing in the Post Office Monthly Income Scheme (POMIS). This government-backed savings plan offers guaranteed returns, making it a popular choice for risk-averse investors seeking steady income.

The post office mis calculator requires inputs like the investment amount and the applicable interest rate. Based on these, it instantly shows your expected monthly payout. This makes it easier to plan your finances, especially if you depend on regular fixed income.


How Does the POMIS Calculator Work?

The post office monthly income plan calculator uses a straightforward formula:

Monthly Income = (Investment Amount × Interest Rate) / 12

You just need to input your investment amount and the current interest rate offered under POMIS. The pomis calculator will then display:

Your monthly income

Total earnings over the scheme tenure (usually 5 years)

Using a post office monthly income scheme calculator saves time and avoids manual errors, giving you a quick, reliable overview of your potential earnings from the scheme.


Frequently Asked Questions:


1. What is the maximum amount I can invest in POMIS?
As per current rules, an individual can invest up to ₹9 lakh in a single account and ₹15 lakh in a joint account.
2. Is the interest rate fixed throughout the scheme tenure?
Yes, the rate is locked at the time of investment and remains fixed for the full term.
3. Are the returns from POMIS taxable?
The interest earned is taxable as per your income tax slab, but there is no TDS deduction.
4. Can I reinvest the monthly income?
Yes, you can choose to reinvest the monthly payouts into other savings options like RD or mutual funds.
5. Who should use the POMIS calculator?
Anyone planning to invest in POMIS and seeking clarity on expected monthly income should use this calculator.