How much does ₹9 lakh in Post Office MIS pay every month?

At 7.4% a year, ₹5,550 a month: ₹9,00,000 × 7.4% ÷ 12. The rate is fixed for the 5 years at the rate on the day the account opens.

Is the deposit returned after 5 years?

Yes. MIS pays out only the interest each month; the whole deposit comes back at maturity.

What is the MIS limit for a joint account?

₹15 lakh, for up to three adults. A single account takes up to ₹9 lakh.

Can I close MIS early?

Not in the first year. Between 1 and 3 years the deposit comes back less 2%, and between 3 and 5 years less 1%.

Post Office MIS Calculator: Monthly Income Scheme Interest

Type the amount you deposit. See the interest the Monthly Income Scheme pays every month and over 5 years, at the rate for this quarter.

Rate for October to December 2026, from the Ministry of Finance office memorandum F. No. 1/4/2019-NS of 30 September 2026; checked 11 October 2026. All small savings rates

How to use it

Type the amount you deposit once: at least ₹1,000, in multiples of ₹1,000.
The rate opens on the Monthly Income Scheme rate for this quarter. Change it to test another.
Pick a single or a joint account; their limits differ.

You get the interest paid every month and every year, the interest over 5 years, and the deposit that comes back at the end.

How MIS works

You deposit a sum once. For 5 years the post office pays interest every month at the rate fixed on the day you open the account. The interest is paid out, not added to the deposit, so it does not compound: every month pays the same amount. After 5 years the deposit comes back.

Monthly interest = deposit × yearly rate ÷ 12

Worked example

₹9,00,000 in a single account at 7.4% a year: ₹9,00,000 × 7.4% ÷ 12 = ₹5,550 a month, or ₹66,600 a year. Over 5 years that is 60 payments, ₹3,33,000 in all, and the ₹9,00,000 comes back at the end. A joint account with ₹15,00,000 pays ₹9,250 a month.

Rules that shape the numbers

Limits: up to ₹9 lakh in a single account and ₹15 lakh in a joint account of up to three adults. The limit counts all your MIS deposits together, and in a joint account each holder’s equal share counts towards that holder’s limit.
Rate: fixed for the 5 years at the rate on the day the account opens.
Early closure: not in the first year. Between 1 and 3 years the deposit comes back less 2%; between 3 and 5 years, less 1%.
Uncollected interest earns no extra interest.

Tax

MIS interest is taxable at your slab rate, and the deposit gives no tax deduction.

Questions people ask

How much does ₹9 lakh in Post Office MIS pay every month?: At 7.4% a year, ₹5,550 a month: ₹9,00,000 × 7.4% ÷ 12. The rate is fixed for the 5 years at the rate on the day the account opens.
Is the deposit returned after 5 years?: Yes. MIS pays out only the interest each month; the whole deposit comes back at maturity.
What is the MIS limit for a joint account?: ₹15 lakh, for up to three adults. A single account takes up to ₹9 lakh.
Can I close MIS early?: Not in the first year. Between 1 and 3 years the deposit comes back less 2%, and between 3 and 5 years less 1%.
Is MIS interest taxable?: Yes, at your slab rate, and the deposit gives no tax deduction.

Post Office MIS calculator