₹5,00,000 Post Office MIS Monthly Income
See the monthly income from a ₹5,00,000 Post Office Monthly Income Scheme (MIS) investment at 7.4% p.a. over 5 years.
A ₹5,00,000 Post Office MIS (Single account) pays ₹3,083/month at 7.4% p.a. for 5 years. At maturity, the full principal of ₹5,00,000 is returned. Total interest earned over the 5-year tenure is ₹1,85,000.
- Investment
- ₹5,00,000
- Account type
- Single
Monthly Income
Single account₹3,
paid every month for 5 years
Investment (principal)
₹5 Lakhs
₹5,00,000
Annual income
₹37,
Total income over 5 years
₹1.85 Lakh
₹1,85,000
Maturity value
₹5 Lakhs
₹5,00,000
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.