Post office MIS calculator
How much a monthly income scheme deposit pays every month, and the caps that apply.
Keep this answer
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayPaying an EMI as well? The Freebird EMI calculator does the same job for loans.
Questions people ask
How much can I put in?
₹9 lakh in a single account and ₹15 lakh in a joint one.
Does the principal grow?
No. You receive the interest monthly and get exactly what you put in back at the end.
Can I close it early?
After a year, with a deduction of 2% of the deposit; after three years, 1%.
Is there TDS?
No TDS at the post office, but the income is taxable and must be declared.
What if I do not withdraw the monthly payment?
It sits in the linked savings account and earns only the savings rate. It does not compound in the MIS.