Source: https://awesomecalcs.com/post-office-mis-calculator/1500000-post-office-mis-monthly-income
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

---
# ₹15,00,000 Post Office MIS Monthly Income

> See the monthly income from a ₹15,00,000 Post Office Monthly Income Scheme (MIS) investment at 7.4% p.a. over 5 years.

Interactive calculator: https://awesomecalcs.com/post-office-mis-calculator/1500000-post-office-mis-monthly-income

Keywords: ₹1500000 post office MIS monthly income, 15 lakh POMIS monthly payout, post office MIS calculator 15 lakh, POMIS maximum joint account, POMIS 15 lakh monthly income 9250, POMIS joint account limit

## Scenario inputs

```json
{
  "inputs": {
    "annualRatePercent": 7.4,
    "investment": 1500000,
    "accountType": "joint"
  }
}
```

## Frequently asked questions

### Is ₹15,00,000 the maximum for a joint POMIS account?

Yes. ₹15,00,000 is the maximum investment in a joint Post Office MIS account. Each joint holder is considered to hold an equal share. This ₹15,00,000 limit is per joint account, not per individual. A couple could hold ₹9,00,000 each in individual accounts plus ₹15,00,000 jointly.

### How is POMIS interest taxed on a ₹15,00,000 joint investment?

In a joint account, interest is typically split equally between joint holders for tax purposes. Each holder reports ₹55,500/year (₹1,11,000 total divided by 2). This can reduce the effective tax rate compared to a single account, depending on each holder's slab.

### What happens to the ₹15,00,000 at Post Office MIS maturity?

The full ₹15,00,000 is returned to the joint account holders at the end of 5 years. Over the tenure, total interest received is ₹5,55,000 (₹9,250 × 60 months). Combined with the principal, total receipts are ₹20,55,000.