Wolf Office Tools

📮 Post Office MIS Calculator

Calculate monthly interest income from Post Office Monthly Income Scheme (POMIS). Current rate: 7.4% p.a. (FY 2024-25). Ideal for retirees needing regular monthly income.

POMIS Key Features

5-year tenure. Interest paid monthly. Minimum investment ₹1,500. No premature closure in first year. After 1 year, 2% penalty for premature closure. At maturity, full principal returned. Interest is taxable as income. No TDS if interest < ₹40,000/year (submit 15G/15H).

⚠️ Disclaimer: POMIS rates revised quarterly by GoI. Verify latest rate at India Post. Source: Ministry of Finance, India Post.

Last Updated: June 2025 · Reviewed by Wolf Office Tools Editorial Team

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