🧮 Interactive Calculator Workbench
How Post Office MIS & SCSS Calculator Works — Step by Step
Visit your nearest post office with PAN, Aadhaar, and a cheque/DD for the deposit amount.
Single accounts: up to ₹9 Lakhs. Joint accounts: up to ₹15 Lakhs. Minimum deposit ₹1,000.
Interest at 7.4% p.a. is credited to your linked savings account on the last working day of each month.
Withdrawal allowed after 1 year (with 2% penalty) or after 3 years (with 1% penalty). Full principal returned at 5-year maturity.
Frequently Asked Questions
Yes. Interest is taxable as 'Income from Other Sources'. TDS is not deducted if interest is below ₹40,000/year for individuals.
No. POMIS is only available to resident Indian citizens.
Yes. You can re-invest for another 5-year term by submitting Form-2 at the post office before the maturity date.
POMIS typically offers slightly higher rates than bank FDs and has sovereign (Government of India) backing, making it very safe.
This calculator uses 2026 official government gazette rates and standard financial formulas. Results are highly accurate for planning purposes. Always confirm final numbers with the respective bank, insurer, or government portal before making financial commitments.
No. All PolicyVani calculators are 100% free, require no registration, no login, and no personal data.