Post Office MIS & SCSS Calculator
Calculate guaranteed regular income from Post Office Monthly Income Scheme (POMIS @ 7.4%) and Senior Citizen Savings Scheme (SCSS @ 8.2%).
Scheme Selection & Deposit
Backed 100% by the Government of India. 5-year tenure with monthly automated interest credit directly to your post office savings account.
Interest is taxable as per investor income tax slab (no TDS at Post Office, but taxable in ITR).
Small savings rates are subject to quarterly notification by the Department of Economic Affairs, Ministry of Finance.Frequently Asked Questions
What is the maximum investment limit in Post Office MIS?
As per Budget 2023 amendments, an individual can invest up to ₹9 Lakhs in a single MIS account and up to ₹15 Lakhs in a joint account (held by up to 3 adults).
What is the current interest rate for SCSS and how is it paid?
The Senior Citizen Savings Scheme (SCSS) currently offers 8.2% per annum. Interest is paid quarterly on the first working day of April, July, October, and January.
Does SCSS offer tax deduction under Section 80C?
Yes. Investments in SCSS qualify for income tax deduction under Section 80C of the Income Tax Act up to ₹1.5 Lakhs per financial year.