₹3,00,000 Post Office MIS Monthly Income
See the monthly income from a ₹3,00,000 Post Office Monthly Income Scheme (MIS) investment at 7.4% p.a. over 5 years.
A ₹3,00,000 Post Office MIS (Single account) pays ₹1,850/month at 7.4% p.a. for 5 years. At maturity, the full principal of ₹3,00,000 is returned. Total interest earned over the 5-year tenure is ₹1,11,000.
- Investment
- ₹3,00,000
- Account type
- Single
Monthly Income
Single account₹1,
paid every month for 5 years
Investment (principal)
₹3 Lakhs
₹3,00,000
Annual income
₹22,
Total income over 5 years
₹1.11 Lakh
₹1,11,000
Maturity value
₹3 Lakhs
₹3,00,000
principal returned
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Post Office MIS pays interest monthly at 7.4% p.a. for 5 years. The principal is returned at maturity. Maximum: ₹9,00,000 for a single account, ₹15,00,000 for a joint account. Interest is taxable as per your income slab.