1. What is Post Office MIS?

The Post Office Monthly Income Scheme (MIS) is a popular savings scheme that provides fixed monthly interest income. The interest rate for 2025 is set by the government and offers a safe investment option with regular returns.

2. How Does the Calculator Work?

The calculator uses the Post Office MIS interest formula:

Where:

• \( Principal \) — Investment amount in INR
• \( Rate \) — Annual interest rate percentage

Explanation: The formula calculates monthly interest by converting the annual rate to a monthly rate and applying it to the principal amount.

3. Importance of Interest Calculation

Details: Accurate interest calculation helps investors plan their monthly income and compare different investment options. It's essential for financial planning and budgeting.

4. Using the Calculator

Tips: Enter principal amount in INR and annual interest rate in percentage. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the current MIS interest rate?
A: As of 2025, the Post Office MIS interest rate is [current rate]% per annum (check latest notifications for exact rate).

Q2: What is the minimum and maximum investment?
A: Minimum investment is ₹1,000 and maximum is ₹9 lakh for single account (₹15 lakh for joint account).

Q3: How is the interest paid?
A: Interest is paid monthly and can be automatically credited to your savings account.

Q4: What is the maturity period?
A: The MIS account matures in 5 years, but you can withdraw prematurely after 1 year with a penalty.

Q5: Is the interest taxable?
A: Yes, the interest income is taxable under Income Tax Act, though TDS is not deducted.