Post Office MIS Calculator

Monthly Interest

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Invested

₹0

Maturity Value

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Post Office Monthly Income Scheme (POMIS) Calculator – Secure Regular Income with Guaranteed Returns 💵🏦

Calculate your monthly income from the Post Office Monthly Income Scheme with Money Compute’s POMIS Calculator! 📊✨

The Post Office Monthly Income Scheme is a government-backed savings plan that offers a fixed monthly income and capital protection, making it an ideal choice for conservative investors and retirees seeking stable cash flow. Use our calculator to plan your investment and estimate your steady monthly returns accurately. 📅

What Is the Post Office Monthly Income Scheme (POMIS)? 🤔

POMIS is a popular small savings scheme offered by India Post that guarantees fixed monthly income with full safety of principal. It has a lock-in period of 5 years and provides monthly interest payouts, making it suitable for retirees, senior citizens, and risk-averse investors. 🇮🇳

How the POMIS Calculator Works 🧮

The calculator estimates your monthly income based on:

  • Investment amount (principal) 💰

  • Current annual interest rate set by the government (compounded monthly) 📈

  • Monthly interest payouts over the tenure

POMIS pays interest monthly, ensuring a reliable cash flow without disturbing the principal.

How to Use Money Compute POMIS Calculator 🚀

  1. Enter your investment amount (e.g., ₹5,00,000) 💸

  2. Enter the current government-set interest rate (e.g., 7.1%) 📊

  3. View instant results:

    • Estimated monthly income payouts 💵

    • Total interest earned annually 📅

    • Total returns over the 5-year tenure 🎉

Benefits of Investing in POMIS 🏆

  • Guaranteed and regular monthly income 🏦

  • Principal safety backed by the Government of India 🇮🇳

  • Tax benefits under section 80C (subject to limits) 🧾

  • Suitable for retirees and conservative investors 👴👵

  • Easy investment and hassle-free management via post offices 📬

Example Calculation 📋

Investing ₹5,00,000 in POMIS at an interest rate of 7.1% per annum will provide:

  • Monthly income = ₹2,958 approx (₹5,00,000 × 7.1% ÷ 12)

  • Total annual interest = ₹35,500 approx

  • Lock-in period = 5 years (can be extended)

Important Notes About POMIS 💡

  • Minimum investment is typically ₹1,500 for individual accounts and ₹2,500 for joint accounts

  • Interest is payable monthly, and the principal is returned on maturity

  • The scheme is non-transferable except on death or legal heirs

  • Interest rates may be revised quarterly by the government

Common FAQs About POMIS ❓

  • Q1: Can I withdraw POMIS investment before maturity?

    • Premature withdrawal allowed after one year with penalty, except for senior citizens.

  • Q2: Is POMIS interest taxable?

    • Yes, interest income is taxable under the head “Income from Other Sources.”

  • Q3: Can non-resident Indians (NRIs) invest in POMIS?

    • No, POMIS is only available to resident Indians.

  • Q4: How reliable is POMIS compared to other investments?

    • POMIS offers guaranteed returns backed by the government, making it a low-risk option.

Start Securing Steady Monthly Income with Money Compute POMIS Calculator! 🚦

Plan your investments smartly, receive assured monthly income, and build financial stability. Try the Post Office Monthly Income Scheme Calculator today! 🚀

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