Post Office MIS calculator
7.4% a year · Backed by the Government of India · Interest taxed at your slab rate
Interest you receiveInterest you receive
₹5,550 a month
₹3,818 after tax. Your ₹9,00,000 comes back after 5 years.₹3,818 after tax. By year 5, each payment buys what ₹2,916 buys today.- You put in
- ₹9.00 L
- Interest in all
- ₹3.33 L
- Tax
- ₹1.04 L
5.21% a yearafter tax
Your deposit and the interest paid out so farYour deposit and the interest paid out so far, in today's moneyYour moneyEarned
How the Post Office MIS rate has changed
Post Office MIS pays 7.4% today, unchanged since April 2023. Since it began in August 1987, it has ranged from 6.6% (2020–2022) to 14% (1992–1993).
- The rate on the day you invest stays fixed for your whole term. Later changes, up or down, don't affect money you've already put in.
- Rates were higher in the 1980s and 1990s, when prices were also rising faster. What counts is how far the rate stays ahead of inflation (5.54% now).
See every rate change (22)
| Period | Rate a year |
|---|---|
| Apr 2023 – now | 7.4% |
| Jan 2023 – Mar 2023 | 7.1% |
| Oct 2022 – Dec 2022 | 6.7% |
| Apr 2020 – Sep 2022 | 6.6% |
| Jul 2019 – Mar 2020 | 7.6% |
| Oct 2018 – Jun 2019 | 7.7% |
| Jan 2018 – Sep 2018 | 7.3% |
| Jul 2017 – Dec 2017 | 7.5% |
| Apr 2017 – Jun 2017 | 7.6% |
| Oct 2016 – Mar 2017 | 7.7% |
| Apr 2016 – Sep 2016 | 7.8% |
| Apr 2013 – Mar 2016 | 8.4% |
| Apr 2012 – Mar 2013 | 8.5% |
| Dec 2011 – Mar 2012 | 8.2% |
| Mar 2003 – Nov 2011 | 8% |
| Mar 2002 – Feb 2003 | 9% |
| Mar 2001 – Feb 2002 | 9.5% |
| Jan 2000 – Feb 2001 | 11% |
| Jan 1999 – Jan 2000 | 12% |
| Sep 1993 – Dec 1998 | 13% |
| Apr 1992 – Sep 1993 | 14% |
| Aug 1987 – Apr 1992 | 12% |
Source: National Savings Institute, Ministry of Finance, rates since launch; Oct–Dec 2026 from the Ministry's latest notice.
Good to know
- Interest is paid every month and taxed at your slab rate.
- Your deposit comes back in full after 5 years.
- You can close early after 1 year: 2% of the deposit is deducted before 3 years, 1% after.